Domino’s Pizza saw higher revenue in the fiscal second quarter, thanks to higher sales in the US and international markets.
The pizza chain’s revenue rose 7.1 per cent to $1.1 billion as the US company-owned stores segment increased 5.2 per cent to $92.3 million and US franchise royalties and fees segment jumped 6 per cent to $147.6 million.
Supply chain revenue went up 7.1 per cent to $659.2 million and international franchise revenue and fees climbed 4.5 per cent to $73.7 million.
US franchise advertising stood at $125 million, up 12.1 per cent.
Meanwhile, the company’s net income surged 29.8 per cent to $142 million.
“Our year-to-date performance demonstrates that our Hungry for More strategy is off to a great start, having an immediate impact on sales and profits,” said Russell Weiner, Domino’s CEO.
“For the second straight quarter, we drove US comp performance in the healthiest way possible, through profitable order count growth.”
The company continues to expect an additional 175 US net stores per year from 2024 to 2028. Domino’s Pizza has temporarily suspended its guidance metric of 1100 global net stores until it has determined the full effect of openings and closures on international net store growth.