NASDAQ$DPZ

Domino's Pizza Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Domino's experienced growth driven by value and innovation.

Domino's Pizza, Inc. announced its Q1 2023 financial results, reporting a global retail sales growth of 5.9% (excluding foreign currency impact), a U.S. same store sales growth of 3.6%, and an international same store sales growth of 1.2% (excluding foreign currency impact). The company achieved a diluted EPS of $2.93, up 17.2% from the prior year quarter, and had a global net store growth of 128 stores.

  • Global retail sales grew by 5.9% excluding foreign currency impact.
  • U.S. same store sales increased by 3.6%.
  • International same store sales grew by 1.2% excluding foreign currency impact.
  • Diluted EPS increased by 17.2% to $2.93.

Headline financials

Total Revenue

$1.02B

Previous: $1.01B+1.3%
EPS (adj)

$2.93

Previous: $2.50+17.2%
Global Retail Sales Growth ex-FX

5.9%

Previous: 3.6%+63.9%
U.S. Retail Sales Growth ex-FX

5.1%

Previous: -1.4%+464.3%
International Retail Sales Growth ex-FX

6.5%

Previous: 8.4%-22.6%
U.S. SSS Growth

3.6%

Previous: -3.6%+200.0%
International SSS Growth

1.2%

Previous: 1.2%+0.0%
Capital Expenditures

-$19M

Previous: -$12.5M-52.8%
Free Cash Flow

$85.7M

Previous: $78.5M+9.2%
Net Income

$105M

Previous: $91M+15.2%
Operating Income

$177M

Previous: $165M+7.9%
Gross Profit

$386M

Previous: $369M+4.6%
Cash & Equivalents

$154M

Previous: $165M-6.5%
Total Assets

$1.64B

Previous: $1.67B-1.9%
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

Domino's · Revenue · Quarterly

$1.02B

Q1 2023+1.3%vs Q1 2022
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

Domino's · $1.02B total across 5 segments · Q1 2023

  • Supply Chain
    $624M+2.4%
  • U.S. Franchise Royalties & Fees
    $133M+8.7%
  • U.S. Franchise Advertising
    $113M+5.8%
  • U.S. Company-owned Stores
    $84.9M-18.3%
  • International Franchise Royalties
    $69.7M+1.2%

Forward guidance

The Company previously provided the following guidance for fiscal 2023 related to the impact of changes in foreign currency exchange rates on international franchise royalty revenues, capital expenditures, general and administrative expense, market basket pricing change and the effective tax rate, excluding excess tax benefits or deficiencies from equity-based compensation. As of the date of this release, the Company expects the impact of changes in foreign currency exchange rates on international franchise royalty revenues, market basket pricing change and the effective tax rate, excluding tax benefits or deficiencies from equity-based compensation will come in towards the low-end of their respective ranges.

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 2023

Historical avgQ1 2023

+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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