Domino's Pizza reports $105 million profit for 2011
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For the fiscal year ended Jan. 1, Domino's reported sales growth of 3.5 percent at stores open at least a year; for the fourth quarter, it was 6.8 percent. The company's fourth quarter profit was $30.9 million, a 27.9 percent increase from the fourth quarter of 2010.
The company's international segment continued to soar, posting same-store sales growth of 6.8 percent for the year and 4.7 percent for the quarter.
Global retail sales for Domino's — a metric used to measure sales growth at stores owned by franchisees and stores owned by the corporation — rose 11 percent for the full year, or 8.8 percent when factoring out the impact of currency fluctuation. For the fourth quarter, global retail sales rose 8.8 percent.
Domino's closed 60 U.S. corporate-owned stores in 2011 and opened 38 franchised stores. The company now has 394 corporate-owned U.S. stores and 4,513 U.S. franchised stores in addition to 4,835 foreign stores.
Domino's said it also repurchased and retired $165.0 million of its stock in 2011.
Over the last two years, Domino's has introduced a series of new or redesigned products and conducted several successful marketing campaigns in a bid to reshape the company's image.
"Our positive results this year provide yet more evidence that we have successfully reset the bar for Domino's Pizza," CEO J. Patrick Doyle said in a statement. "The global momentum that we are driving through our innovation, commitment to food quality and outstanding service continues to energize our franchise owners and team members and inspire their terrific performance."