"Domino's Pizza's performance in the first half of 2005 was truly exceptional," chairman and CEO David A. Brandon told investors. "Sales were strong and, overall, I was pleased with our execution in all phases of our business."
Domestic same-store sales increased 6.9%--comprised of a domestic company-owned same-store sales increase of 8.6% and a domestic franchise same store sales increase of 6.6%. International same-store sales increased 7.8%, marking the 46th consecutive quarter of international same store sales growth. Income from operations also increased 18.5% to $7.3 million, during the second quarter of 2005 versus the prior year period.
Despite the positive news, Brandon issued a word of caution saying the company still has "some challenging sales comps to face in the second half of the year," but then added, "however, we believe 2005 has the potential to be a special year for us."
Worldwide store counts increased by a net 79 stores during the quarter, and increased by a net 348 stores over the past four fiscal quarters. At the end of the quarter, there were 7,878 Domino's Pizza stores in operation worldwide.
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