Domino's Pizza, strong growth in 1st quarter 2019
Global retail sales of nearly $3.3 billion (+4,6%). The Italian branch reaches 30 stores
In the first quarter of 2019, Domino's had global retail sales of nearly $3.3 billion (+4,6%), with over $1.6 billion in the U.S. and nearly $1.7 billion internationally.
The largest pizza company in the world based on global retail sales, announced results for the first quarter, comprised of healthy growth in global retail sales and earnings per share. Global retail sales increased 4.6% in the first quarter, or 8.5% without the negative impact of changes in foreign currency exchange rates. U.S. same store sales grew 3.9% during the quarter versus the year-ago period, continuing the positive sales momentum in the Company's U.S. business. The international division also posted positive results, with same store sales growth of 1.8% during the quarter.
The first quarter marked the 101st consecutive quarter of international same store sales growth and the 32nd consecutive quarter of U.S. same store sales growth. The Company had first quarter global net store growth of 200 stores, comprised of 27 net new U.S. stores and 173 net new international stores. Globally, the Company opened its 16,000th store during the first quarter. First quarter diluted EPS was $2.20, up 10.0% over the prior year quarter.
"It was a good quarter for our U.S. business, and I am very pleased with our balanced retail sales growth, driven by a healthy combination of solid same-store sales and unit growth", said Ritch Allison, Domino's Chief Executive Officer. "We remain focused on improving international comps, but I am encouraged by the strong unit growth in the first quarter – and remain confident in the fundamentals related to market share, retail sales growth and unit economics within this terrific segment of our business".
Domino's opened in Italy the first store in 2015. At the end of this year the Italian branch will reach over 30 stores.
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