Domino’s Pizza announced the results for the third quarter of 2015, comprised of strong same store sales results and store count growth.
Domestic same store sales grew 10.5% during the quarter versus the year-ago period, continuing the positive sales momentum in the company’s domestic business.
The international division also posted strong results with same store sales growth of 7.7%, marking the 87th consecutive quarter of international same store sales growth.
The company had global net store growth of 194 stores in the quarter.
Revenues were up 8.5% for the third quarter versus the prior year period, driven by higher supply chain volumes and sales of equipment to stores in connection with the company’s global store re-imaging program.
Higher domestic same store sales and store count growth, which resulted in increased royalties from franchised stores and higher revenues at company-owned stores, also contributed to this increase.
International revenues benefited from increased same store sales and store count growth, and were offset in part by the negative impact of foreign currency.
Net income was up 6.2% for the third quarter versus the prior year period, driven by domestic and international same store sales growth, global store count growth and higher supply chain volumes.
These increases were offset in part by the negative impact of foreign currency exchange rates and incremental insurance expense related to the Company’s casualty insurance program.
Patrick Doyle, Domino’s president and CEO, said: “We are pleased with the sustained strong sales and continued momentum behind store growth. The things we are doing are working, and we will continue to aggressively lead the industry.”