Domino’s Pizza Inc. grew domestic same-store sales 6.9 percent in the second quarter, helped by technological innovations like delivery hotspots, the new CEO said Thursday.
For the second quarter ended June 17, Domino’s net income rose 17.7 percent to $77.4 million, or $1.78 a share, from $65.7 million, or $1.32 a share, in the prior-year period. Revenues were up 24 percent to $779.4 million from $628.6 million in the same quarter last year.
The Ann Arbor, Mich.-based pizza giant said its international division posted same-store sales growth of 4 percent in the quarter.
“Global retail sales remain strong as we see our franchisees building new stores, growing same-store sales and bringing customers back again and again,” said Ritch Allison, Domino’s CEO, in the company’s first earnings statement since he took the helm. Longtime CEO Patrick Doyle stepped down in June.
“Our second quarter was highlighted by yet another innovation in food delivery with the launch of Domino’s HotSpots, of which there are now more than 200,000 across the United States,” said Allison in a statement.
In April, the company introduced the HotSpots, which feature non-traditional delivery locations including parks, beaches, local landmarks and other gathering spots. In the United States, Domino’s generates more than 60 percent of its sales via digital channels.
“The energy, passion and operational execution of our franchisees and managers around the world inspire me as I begin my role as CEO,” Allison said.
Domino’s said its global net store growth in the quarter was 156 restaurants, comprised of 113 net new international stores and 43 net new domestic stores.
Domino's Pizza, founded in 1960, has more than 15,100 stores in over 85 markets.
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