NASDAQ$DPZ

Domino's Pizza Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Domino's reported mixed Q1 2022 results, with global retail sales growth offset by a decline in U.S. same store sales and decreased EPS.

Domino's Pizza, Inc. announced its Q1 2022 results, revealing a 3.6% increase in global retail sales (excluding foreign currency impact). However, U.S. same store sales decreased by 3.6%. Diluted EPS was $2.50, a 16.7% decrease year-over-year. The company saw a net global store growth of 213 stores.

  • Global retail sales increased by 3.6% excluding foreign currency impact.
  • U.S. same store sales declined by 3.6%.
  • International same store sales increased by 1.2% excluding foreign currency impact, marking the 113th consecutive quarter of growth.
  • The company achieved global net store growth of 213 stores.

Headline financials

Total Revenue

$1.01B

Previous: $984M+2.8%
EPS (adj)

$2.50

Previous: $3.00-16.7%
Global Retail Sales Growth ex-FX

3.6%

Previous: 14.0%-74.3%
U.S. Retail Sales Growth ex-FX

-1.4%

Previous: 15.3%-109.2%
International Retail Sales Growth ex-FX

8.4%

Previous: 12.8%-34.4%
U.S. Company-Owned SSS Growth

-10.5%

Previous: 6.3%-266.7%
U.S. Franchise SSS Growth

-3.2%

Previous: 13.9%-123.0%
U.S. SSS Growth

-3.6%

Previous: 13.4%-126.9%
International SSS Growth

1.2%

Previous: 11.8%-89.8%
Capital Expenditures

-$12.5M

Previous: -$16.6M+24.8%
Free Cash Flow

$78.5M

Previous: $101M-22.4%
Net Income

$91M

Previous: $118M-22.8%
Operating Income

$165M

Previous: $187M-11.8%
Gross Profit

$369M

Previous: $389M-5.3%
Cash & Equivalents

$165M

Previous: $268M-38.4%
Total Assets

$1.67B

Previous: $1.66B+0.7%
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

Domino's · Revenue · Quarterly

$1.01B

Q1 2022+2.8%vs Q1 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Domino's · $1.01B total across 5 segments · Q1 2022

  • Supply Chain
    $610M+7.3%
  • U.S. Franchise Royalties & Fees
    $122M-1.8%
  • U.S. Franchise Advertising
    $107M-4.3%
  • U.S. Company-owned Stores
    $104M-7.8%
  • International Franchise Royalties
    $68.8M+3.1%

Forward guidance

The company faced headwinds in Q1, including the Omicron surge, staffing shortages, and inflation, which are expected to persist into 2022. Strategies are being implemented to address these challenges.

Tailwinds

  • Actively implementing strategies to address headwinds
  • Continued strong store growth
  • Opened 19,000th global store during the quarter
  • Strong long-term track record
  • Ongoing commitment of team members and franchisees

Headwinds

  • Omicron surge impacted results
  • Staffing shortages pressured performance
  • Unprecedented inflation affected the company
  • Some headwinds are likely to persist further into 2022
  • Lower U.S. Company-owned store and supply chain operating margins

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.8%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-0.0%

Avg return

30 days after

55%

36 / 66 earnings

Positive

+25.2%

Q4 2019

Best reaction

-14.6%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-8.8%-8.2%-15.2%
Q4 2025+5.0%+4.7%-5.7%
Q3 2025+4.0%+2.0%+0.1%
Q2 2025+1.1%-0.4%-2.5%
Q1 2025+0.6%-0.6%-0.9%
Q4 2024-1.5%+5.9%+1.0%
Q3 2024+4.0%+3.4%+11.3%
Q2 2024-14.6%-10.6%-6.4%
Q1 2024+6.1%+3.1%+2.2%
Q4 2023+2.9%+3.1%+13.5%
Q3 2023-2.0%-1.0%+6.9%
Q2 2023+3.0%+4.0%-0.7%
Q1 2023-6.4%-8.1%-11.6%
Q4 2022-14.6%-15.6%-10.6%
Q3 2022+5.2%+9.0%+21.5%
Q2 2022-2.8%-5.9%-1.4%
Q1 2022-9.4%-7.8%-1.9%
Q4 2021-2.1%-4.3%-5.8%
Q3 2021-4.5%-2.3%+7.8%
Q2 2021+11.7%+14.4%+8.3%
Q1 2021+4.6%+7.4%+5.7%
Q4 2020-5.0%-5.9%+2.0%
Q3 2020-9.3%-5.4%-7.2%
Q2 2020-5.7%-6.3%-3.6%
Q1 2020-4.3%-7.2%-3.0%
Q4 2019+25.2%+24.1%+1.0%
Q3 2019+2.5%+6.4%+16.7%
Q2 2019-6.3%-4.4%-13.7%
Q1 2019+2.3%-0.5%+4.6%
Q4 2018-6.4%-9.2%-14.1%
Q3 2018-1.9%-1.9%-4.9%
Q2 2018-2.3%-7.3%+0.5%
Q1 2018+6.4%+6.1%+7.2%
Q4 2017+4.4%+3.7%+2.6%
Q3 2017-7.8%-8.1%-17.2%
Q2 2017-12.9%-14.4%-14.3%
Q1 2017+0.2%+1.9%+14.4%
Q4 2016+1.1%+2.0%-0.7%
Q3 2016+8.6%+9.4%+6.3%
Q2 2016+8.7%+6.7%+7.6%
Q1 2016-9.5%
Q4 2015+14.3%
Q3 2015-2.5%
Q2 2015-7.2%
Q1 2015+14.2%
Q4 2014-0.5%
Q3 2014+10.5%
Q2 2014+2.8%
Q1 2014-1.9%
Q4 2013+4.0%
Q3 2013-3.2%
Q2 2013-4.1%
Q1 2013+3.2%
Q4 2012+3.1%
Q3 2012+7.7%
Q2 2012+4.3%
Q1 2012-11.5%
Q4 2011+14.7%
Q3 2011+11.3%
Q2 2011+3.9%
Q1 2011+14.3%
Q4 2010+0.4%
Q3 2010+6.6%
Q2 2010-3.4%
Q1 2010-11.1%
Q4 2009+10.4%

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