Rising same-store sales and lower interest expenses contributed to a positive second quarter report from Domino’s Pizza Inc.
The Ann Arbor, Mich.-based company reported net income of $25.2 million for the quarter ended June 19, an 11.6 percent increase from the $22.6 million reported a year ago.
Revenue rose 4 percent to $384.9 million, up from $362.4 million last year.
Domino’s also made gains after extinguishing its debt and seeing the effective tax rate lowered.
The brand’s domestic same-store sales climbed 4.8 percent in the quarter.
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International performance was particularly strong, with sales increasing 21 percent to $47.2 million, up from $39 million in the second quarter of 2010.
International same-store sales grew by 7.4 percent during the quarter, Domino’s reported.
Domino’s Pizza Inc. has 9,436 restaurants worldwide, 427 of which are company owned.
Contact Bret Thorn at [email protected].
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