Jun 19, 2022

Domino's Q2 2022 Earnings Report

Domino's reported a decrease in diluted EPS and net income, while facing challenges in the labor market and inflationary pressures.

Key Takeaways

Domino's Pizza, Inc. announced its second quarter 2022 financial results, revealing a 1.5% global retail sales growth (excluding foreign currency impact). However, U.S. same store sales declined by 2.9%, and international same store sales (excluding foreign currency impact) decreased by 2.2%. Diluted EPS was down 7.8% to $2.82.

Global retail sales growth (excluding foreign currency impact) increased by 1.5%.

U.S. same store sales decreased by 2.9%.

International same store sales (excluding foreign currency impact) decreased by 2.2%.

Global net store growth reached 233.

Total Revenue
$1.07B
Previous year: $1.03B
+3.2%
EPS
$2.82
Previous year: $3.12
-9.6%
Total Global Retail Sales Growth ex-FX
1.5%
Previous year: 17.1%
-91.2%
US Stores Retail Sales Growth ex-FX
-0.6%
Previous year: 7.4%
-108.1%
International Stores Retail Sales Growth ex-FX
3.7%
Previous year: 29.5%
-87.5%
Gross Profit
$386M
Previous year: $408M
-5.3%

Domino's

Domino's

Domino's Revenue by Segment

Forward Guidance

Domino's provided updates to its fiscal 2022 guidance, specifically for the impact of changes in foreign currency exchange rates on international franchise royalty revenues and for food basket pricing. The company reaffirmed its previous fiscal 2022 guidance for general and administrative expenses and capital expenditures.

Revenue & Expenses

Visualization of income flow from segment revenue to net income