Domino's Pizza net up on international growth
May 6, 2011
by Eric Schroeder
ANN ARBOR, MICH. — Earnings at Domino’s Pizza, Inc. rose 11 percent in the first quarter of fiscal 2011, driven in large part to strong international sales. Net income in the quarter was $27,111,000, up from $24,519,000 in the same period a year ago. Revenues were $389,186,000, up 2 percent from $381,131,000.
Increased revenues from international outlets, which rose 19 percent to $45,841,000 in the first quarter, helped drive the gain. By comparison, domestic company-owned stores revenues fell 6 percent during the quarter to $82,734,000.
“This quarter clearly demonstrated that the combination of a new, bigger sales base domestically, a best-in-class international business, great franchisees and an optimized capital structure, drove strong results,” said J. Patrick Doyle, president and chief executive officer. “We’re off to a great start in 2011.”