Domino's Pizza net up on international growth

by Eric Schroeder
Share This:
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.”
Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.

 

 


The views expressed in the comments section of Meat and Poultry News do not reflect those of Meat and Poultry News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.