Domino's Pizza Announces 2011 Financial Results
Global momentum drives 30 percent adjusted EPS growth for the quarter, 25 percent for 2011.
ANN ARBOR -- Domino's Pizza Inc. today announced results for the fourth quarter and fiscal 2011, each ended Jan. 1. Domestic same store sales grew 6.8 percent during the fourth quarter versus the year-ago period, and 3.5 percent for the full year, indicating sustained improvement in the Company's domestic business.
International also posted strong results with same store sales growth of 4.7 percent for the quarter, and 6.8 percent for the full year. This quarter marked the 72nd quarter -- or 18th full year -- of consecutive quarterly same store sales growth. The International division also had record net store growth in fiscal 2011 of 413 stores.
Fourth quarter diluted EPS was 52 cents, up 30 percent over the as-adjusted diluted EPS in the prior year quarter. Diluted EPS, as adjusted was $1.69 for fiscal 2011, up 25 percent over the as-adjusted diluted EPS in the prior year.
The Company also repurchased and retired 1,146,263 shares of its common stock for $35.8 million during the quarter and repurchased and retired 6,414,813 shares of its common stock for $165 million in fiscal 2011.
"Our positive results this year provide yet more evidence that we have successfully reset the bar for Domino's Pizza,” said Domino’s President and CEO J. Patrick Doyle, “The global momentum that we are driving through our innovation, commitment to food quality and outstanding service continues to energize our franchise owners and team members and inspire their terrific performance."