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Domino's Pizza Q3 sales up 5.8%

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Christian Fernsby ▼ | October 8, 2019
Domino Pizza
Domino's Pizza   U.S. same store sales grew 2.4%

Domino's Pizza announced results for the third quarter, comprised of growth in global retail sales and earnings per share.

Topics: Domino

Domino's Pizza global retail sales increased 5.8% in the third quarter, or 7.5% without the negative impact of changes in foreign currency exchange rates.

Domino's Pizza U.S. same store sales grew 2.4% during the quarter versus the prior year quarter, continuing the positive sales momentum in Domino's Pizza's U.S. business.

The international Domino's Pizza division also posted positive results, with same store sales growth of 1.7% during the quarter.

The Domino's Pizza third quarter marked the 103rd consecutive quarter of international same store sales growth and the 34th consecutive quarter of U.S. same store sales growth.

Domino's Pizza had third quarter global net store growth of 214 stores, comprised of 40 net new U.S. stores and 174 net new international stores.

Diluted EPS was $2.05 for the third quarter of 2019, up 5.1% over the prior year quarter, primarily resulting from higher income from operations, offset in part by a higher effective tax rate.

During the third quarter of 2019, Domino's Pizza repurchased and retired 384,338 shares of its common stock under its Board of Directors-approved share repurchase program for approximately $93.7 million, or an average price of $243.79 per share.

On October 4, 2019, Domino's Pizza's Board of Directors authorized a new share repurchase program to repurchase up to $1.0 billion of the Company's common stock.

On October 4, 2019, Domino's Pizza's Board of Directors declared a $0.65 per share quarterly dividend for shareholders of record as of December 13, 2019 to be paid on December 27, 2019.

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