Domino's Pizza Q2 diluted EPS 20.9% betterStaff writer ▼ | July 16, 2015
Domino's Pizza announced results for the second quarter of 2015, comprised of strong same store sales results and store count growth, which resulted in robust EPS growth.
Pizza Domestic same store sales grew 12.8%
The international division also posted strong results with same store sales growth of 6.7%, marking the 86th consecutive quarter of international same store sales growth. The company had global net store growth of 186 stores in the quarter.
Diluted EPS was 81 cents, which was up 20.9% over the company's diluted EPS in the prior year quarter. During the quarter, the company repurchased 637,587 shares of its common stock for approximately $68.1 million.
The Board of Directors also declared a 31-cent per share quarterly dividend for shareholders of record as of September 15, 2015, to be paid on September 30, 2015.
Revenues were up 8.5% for the second quarter versus the prior year period, driven by higher domestic same store sales and store count growth, which resulted in increased royalties from our franchised stores and higher revenues at company-owned stores.
Net income was up 19.4% for the second quarter versus the prior year period, driven by domestic and international same store sales growth, global store count growth and higher supply chain volumes. This was offset in part by the negative impact of foreign currency exchange rates.
Diluted EPS was 81 cents for the second quarter versus 67 cents in the prior year quarter, which represents an increase of 14 cents, or 20.9%. This increase was due to higher net income and lower weighted average diluted shares outstanding. ■