Ann Arbor, Mich. – Domino’s Pizza, Inc. reported significant increases in net income, revenues and same-store sales during the third quarter of fiscal 2013. Net income was up 17.9% for the third quarter compared to the prior year period, from $26 million to $30.6 million.
Domino’s said net income improvements were driven by respective domestic and international same-store sales growth rates of 5.4% and 5%, global store count growth of 126 net stores and a lower effective tax rate, offset in part by higher general and administrative expenses and the negative impact of foreign currency exchange rates.
Meanwhile, revenues grew 6.9%, to $404.5 million from $378.08 million, due primarily to higher supply chain revenues from increased store order counts, higher domestic franchise and company-owned store revenues, and higher international revenues resulting from both same store sales and store count growth.
"Domino's Pizza is connecting with customers everywhere through technology, quality, convenience and value,” said J. Patrick Doyle, president and CEO of Domino’s. “We continue to hold a leading presence in the restaurant category as a brand with solid momentum both in the U.S. and around the world, with dedicated franchisees who are focused on great pizzas, strong customer service and consistent operations."