Industry News | May 7, 2002
Domino's Pizza Announces Record First Quarter Results
Net income for the company increased 103.7% from last year's same period to $15.9 million, while domestic same store sales increased 7.6%. International same store sales increased 3.3%, on a constant dollar basis, marking the 33rd consecutive quarter of international same store sales growth. International same store sales increased 3.3%, on a constant dollar basis, marking Domino's 33rd consecutive quarter of international same store sales growth
"The positive momentum we created in 2001 continued throughout the first quarter of 2002," said Domino's Chairman and Chief Executive Officer David A. Brandon. "Our ability to grow sales and generate record levels of EBITDA in a challenging economic environment and in an extremely competitive category demonstrates the strength of our brand and our Company's continued progress."
Brandon added, "As always, Domino's success is being led by our great franchisees and our complete dedication to continuously improving the operational performance of ALL of our stores."
Domino's attributed the increase in first quarter system-wide sales in 2002 to an increase in both domestic and international same store sales and worldwide store counts. Brandon also noted that improvements to the company's overall marketing programs, including the "Get the Door. It's Domino's."(TM) campaign, played a large part in the company's success.
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