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Mar 24, 2024
Domino's Q1 2024 Earnings Report
Domino's reported strong Q1 2024 results, demonstrating the success of its Hungry for MORE strategy with growth in sales, stores, and profits.
Key Takeaways
Domino's Pizza, Inc. announced positive results for the first quarter of 2024, with global retail sales growth (excluding foreign currency impact) of 7.3% and U.S. same store sales growth of 5.6%. The company's Hungry for MORE strategy drove outsized comp performance and double-digit profit growth. The company reported diluted EPS of $3.58, an increase of 22.2% compared to Q1 2023.
Global retail sales growth (excluding foreign currency impact) reached 7.3%.
U.S. same store sales grew by 5.6%.
International same store sales (excluding foreign currency impact) increased by 0.9%.
The company achieved a global net store growth of 164.
Domino's
Domino's
Domino's Revenue by Segment
Domino's Revenue by Geographic Location
Revenue by Segment
U.S. Company-owned stores Revenue
CapyFin.comU.S. Franchise royalties Revenue
CapyFin.comSupply Chain Revenue
CapyFin.comInternational franchise Revenue
CapyFin.comU.S. Franchise advertising Revenue
CapyFin.comRevenue by Geographic Location
U.S. stores Revenue
CapyFin.comInternational stores Revenue
CapyFin.com Forward Guidance
The Company continues to expect to achieve the following long-term guidance metrics previously announced. Annual global retail sales growth and annual income from operations growth exclude the impact of foreign currency.
Positive Outlook
- 7%+ Annual global retail sales growth
- 1,100+ Annual global net store growth
- 8%+ Annual income from operations growth
Revenue & Expenses
Visualization of income flow from segment revenue to net income