The firm said it also entered into a $1.0 billion share repurchase program that was completed following the close of Q2/21. Domino's stated that it borrowed $1.85 billion and used part of the proceeds to repay debt initially acquired in 2017. The company described at length its recapitalization efforts. The firm added that net income decreased by 1.7% to $116.6 million, compared to $118.7 million in Q2/20 largely due to higher provision for income taxes.įor Q2/21, The company posted diluted earnings per share (EPS) of $3.06 and adjusted diluted EPS of $3.12, representing 2.3% and 4.3% increases, respectively versus Q2/20. The company reported that revenues in Q2/21 increased by 12.2% to $1.032 billion, versus $920 million in Q2/20. I am pleased that in the second quarter our cumulative two-year same stores sales were up 19.6% domestically and 15.2% internationally, signifying meaningful and sustained growth," CEO Allison added. "Given our current operating environment, we are watching our two-year sales trends anchored to pre-Covid fiscal 2019 results. and 203 were in international markets.ĭomino's Pizza's CEO Ritch Allison commented, "I am very pleased with our strong global retail sales and store growth momentum during the second quarter, which demonstrated the power of our investments in innovation, our focus on food quality and superior service, and our dynamic franchisees who are dedicated to serving their local neighborhoods." The firm noted that same store sales across its international business also posted very strong y-o-y growth of 13.9% during the quarter.ĭomino's mentioned that in Q2/21 it increased the number of its stores to 238, of which 35 were in the U.S. grew by 3.5%, compared to Q2/20 which confirms positive continued sales momentum in the U.S. During the same period the company advised that same store sales in the U.S. 2021.ĭomino's Pizza reported that in Q2/21, global retail sales increased by 21.6% year-over-year, or 17.1% excluding foreign currency adjustments.
(DPZ:NYSE), today announced financial results for its second quarter ended June 20. The world's largest pizza company based upon global retail sales, Domino's Pizza Inc.
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