Domino's Q1 2024 Earnings Report
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
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