Jun 18, 2023

Domino's Q2 2023 Earnings Report

Domino's reported mixed results for Q2 2023, with global retail sales growth driven by international performance offset by a decline in revenues due to lower supply chain revenues and U.S. Company-owned store revenues.

Key Takeaways

Domino's Pizza, Inc. announced its second quarter 2023 financial results, revealing a 5.8% global retail sales growth (excluding foreign currency impact). Despite this, total revenues decreased by 3.8% due to lower supply chain revenues and U.S. Company-owned store revenues. Diluted EPS increased by 9.2% to $3.08.

Global retail sales grew by 5.8% excluding foreign currency impact.

U.S. same store sales saw a slight increase of 0.1%.

International same store sales grew by 3.6% excluding foreign currency impact.

Diluted EPS increased by 9.2% to $3.08.

Total Revenue
$1.02B
Previous year: $1.07B
-3.8%
EPS
$3.08
Previous year: $2.82
+9.2%
Total Global Retail Sales Growth ex-FX
5.8%
Previous year: 1.5%
+286.7%
US Stores Retail Sales Growth ex-FX
1.7%
Previous year: -0.6%
-383.3%
International Stores Retail Sales Growth ex-FX
10.1%
Previous year: 3.7%
+173.0%
Gross Profit
$405M
Previous year: $386M
+4.8%
Cash and Equivalents
$77M
Free Cash Flow
$204M

Domino's

Domino's

Domino's Revenue by Segment

Forward Guidance

No specific forward guidance was provided in the press release.

Revenue & Expenses

Visualization of income flow from segment revenue to net income