Thursday, June 8, 2023
HomePizzaDomino’s Pizza 1st quarter financials a blended bag

Domino’s Pizza 1st quarter financials a blended bag


Whereas international retail gross sales grew 3.6% within the first quarter of 2022, Domino’s Pizza noticed a U.S. similar retailer gross sales decline of three.6%.

Worldwide similar retailer gross sales elevated 1.2%, marking the 113th consecutive quarter of development, in response to a press launch.

The primary quarter had international web retailer development of 213 shops, of which 37 had been U.S. openings.

“We confronted a lot of headwinds through the first quarter, from the omicron surge, to staffing shortages to unprecedented inflation, which pressured our outcomes. We’re actively implementing methods designed to handle them; nevertheless, we anticipate a few of these headwinds are prone to persist additional into 2022,” Ritch Allison, Domino’s CEO, mentioned within the launch. “The power of the Domino’s model just isn’t outlined within the quick time period, however as a substitute by our excellent long-term monitor report and the continued dedication of our group members and franchisees, as evidenced by continued sturdy retailer development, together with the opening of our 19,000th international retailer through the quarter.”

Allison is leaving his position as of Could 1 as Russel Weiner will take the position of CEO.




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