Domino's Q1 2022 Earnings Report
Key Takeaways
Domino's Pizza, Inc. announced its Q1 2022 results, revealing a 3.6% increase in global retail sales (excluding foreign currency impact). However, U.S. same store sales decreased by 3.6%. Diluted EPS was $2.50, a 16.7% decrease year-over-year. The company saw a net global store growth of 213 stores.
Global retail sales increased by 3.6% excluding foreign currency impact.
U.S. same store sales declined by 3.6%.
International same store sales increased by 1.2% excluding foreign currency impact, marking the 113th consecutive quarter of growth.
The company achieved global net store growth of 213 stores.
Domino's
Domino's
Domino's Revenue by Segment
Forward Guidance
The company faced headwinds in Q1, including the Omicron surge, staffing shortages, and inflation, which are expected to persist into 2022. Strategies are being implemented to address these challenges.
Positive Outlook
- Actively implementing strategies to address headwinds
- Continued strong store growth
- Opened 19,000th global store during the quarter
- Strong long-term track record
- Ongoing commitment of team members and franchisees
Challenges Ahead
- Omicron surge impacted results
- Staffing shortages pressured performance
- Unprecedented inflation affected the company
- Some headwinds are likely to persist further into 2022
- Lower U.S. Company-owned store and supply chain operating margins
Revenue & Expenses
Visualization of income flow from segment revenue to net income