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Domino’s domestic same-store sales up 6.9% in 2QDomino’s domestic same-store sales up 6.9% in 2Q

Tech innovations like HotSpots continue to boost sales, earnings

Ron Ruggless, Senior Editor

July 19, 2018

1 Min Read
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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.

Contact Ron Ruggless at [email protected] 

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About the Author

Ron Ruggless

Senior Editor, Nation’s Restaurant News / Restaurant Hospitality

Ron Ruggless serves as a senior editor for Informa Connect’s Nation’s Restaurant News (NRN.com) and Restaurant Hospitality (Restaurant-Hospitality.com) online and print platforms. He joined NRN in 1992 after working 10 years in various roles at the Dallas Times Herald newspaper, including restaurant critic, assistant business editor, food editor and lifestyle editor. He also edited several printings of the Zagat Dining Guide for Dallas-Fort Worth, and his articles and photographs have appeared in Food & Wine, Food Network and Self magazines. 

Ron Ruggless’ areas of expertise include foodservice mergers, acquisitions, operations, supply chain, research and development and marketing. 

Ron Ruggless is a frequent moderator and panelist at industry events ranging from the Multi-Unit Foodservice Operators (MUFSO) conference to RestaurantSpaces, the Council of Hospitality and Restaurant Trainers, the National Restaurant Association’s Marketing Executives Group, local restaurant associations and the Horeca Professional Expo in Madrid, Spain.

Ron Ruggless’ experience:

Regional and Senior Editor, Informa Connect’s Nation’s Restaurant News and Restaurant Hospitality (1992 to present)

Features Editor – Dallas Times Herald (1989-1991)

Restaurant Critic and Food Editor – Dallas Times Herald (1987-1988)

Editing Roles – Dallas Times Herald (1982-1987)

Editing Roles – Charlotte (N.C.) Observer (1980-1982)

Editing Roles – Omaha (Neb.) World-Herald (1978-1980)

Email: [email protected]

Social media:

Twitter@RonRuggless

LinkedIn: www.linkedin.com/in/ronruggless

Instagram: @RonRuggless

TikTok: @RonRuggless

 

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