NASDAQ$DPZ

Domino's Pizza Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Domino's reported a mixed Q4 2022, with global retail sales growth offset by currency impacts and U.S. same store sales growth slightly positive. Diluted EPS increased, driven by higher net income and the gain from store refranchising.

Domino's Pizza announced its Q4 and Fiscal Year 2022 results, highlighting a 5.2% global retail sales growth (excluding foreign currency impact) for the quarter and a 0.9% U.S. same store sales growth. Diluted EPS rose by 4.2% to $4.43. The company experienced global net store growth and refranchised U.S. stores, impacting revenue segments.

  • Global retail sales grew by 5.2% excluding foreign currency impact.
  • U.S. same store sales increased by 0.9%.
  • Diluted EPS increased by 4.2% to $4.43.
  • The company achieved global net store growth of 361 stores.

Headline financials

Total Revenue

$1.39B

Previous: $1.34B+3.6%
EPS (adj)

$3.97

Previous: $4.25-6.6%
Global Retail Sales Growth ex-FX

5.2%

Previous: 1.0%+420.0%
U.S. Retail Sales Growth ex-FX

2.7%

Previous: -2.6%+203.8%
International Retail Sales Growth ex-FX

7.5%

Previous: 4.5%+66.7%
U.S. Company-Owned SSS Growth

3.4%

Previous: -7.3%+146.6%
U.S. Franchise SSS Growth

0.8%

Previous: 1.5%-46.7%
U.S. SSS Growth

0.9%

Previous: 1.0%-10.0%
International SSS Growth

2.6%

Previous: 1.8%+44.4%
Net Income

$158M

Previous: $156M+1.7%
Operating Income

$249M

Previous: $223M+11.7%
Gross Profit

$512M

Previous: $506M+1.1%
R&D Expense

$0.00

Previous: $0.00

Revenue & EPS history

Domino's · Revenue · Quarterly

$1.39B

Q4 2022+3.6%vs Q4 2021
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

Domino's · $1.39B total across 5 segments · Q4 2022

  • Supply Chain
    $853M+6.5%
  • U.S. Franchise Royalties & Fees
    $177M+6.0%
  • U.S. Franchise Advertising
    $153M+7.2%
  • U.S. Company-owned Stores
    $117M-17.1%
  • International Franchise Royalties
    $92.2M+1.4%

Forward guidance

Domino's provided guidance for fiscal year 2023, including the impact of foreign currency exchange rates on international franchise royalty revenues, capital expenditures, general and administrative expenses, market basket pricing change, and the effective tax rate. The company also updated its two-to-three-year outlook for global retail sales and net unit growth, expecting results for fiscal 2023 to be at the low end of the ranges.

Tailwinds

  • Focus on U.S. carryout business momentum.
  • Strong international store growth.
  • Brand well-positioned to win in the marketplace.
  • Commitment to creating shareholder value.
  • Planned Investor Day to provide more details.

Headwinds

  • Significant pressure on U.S. delivery business.
  • Macro-economic headwinds impacting U.S. delivery.
  • Updated two-to-three-year outlook with lower growth expectations.
  • Fiscal 2023 results expected to be at the low end of guidance ranges.
  • Impact of foreign currency exchange rates on international franchise royalty revenues.

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 Q4 2022

Historical avgQ4 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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