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DOMINO’S PIZZA Q2 profits up 11%

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Dominos Pizza Q2 profits uo 11%US-based Domino’s Pizza has announced its second quarter financial results for the period ended 17 June 2012. The pizza chain reported that revenues dropped 2.3% to USD376 million compared to USD385 million in 2011. EBIT increased to USD114.60 million from USD110.69 million. Net income increased 11.3% to USD28.1million, up from USD25.24 million in the prior year period. The company stated that this was primarily due to domestic and international same-store sales growth, international store growth and higher domestic company-owned store margins. During the quarter, Domino’s opened 120 outlets across its international businesses and eight in its domestic operations. Same-store sales grew 5.7% in international and 1.7% in its home business.

Patrick Doyle, President and Chief Executive Officer, said: “We’ve posted another solid quarter, with robust international store growth. First half 2012 domestic store economics improved markedly versus last year, which we think contributed to a decrease in US store closures. With a diversified base of nearly 10,000 locations around the globe, we drove steady demand for our brand and sales for our products worldwide.”

http://www.planetretail.net/News/Article/0/78759

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Author: retailaccounting

CounterBooks is an online retail accounting management suite which is used by retailers across the world.

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