LOUISVILLE, Ky. — A 4.9 percent slip in second quarter domestic comparable-store sales didn’t hurt profits at Domino’s Pizza during the period ended June 18, 2006.
The same-store sales slide was made up of a 3.2 percent decline at U.S. company-owned stores and 5.2 percent drop at franchised stores. According to a regulatory filing, domestic comps rose 6.9 percent in the same period last year.
International second-quarter comps rose 5.7 percent compared to an increase of 7.8 percent last year. The increase marks the fiftieth-consecutive quarter Domino’s has enjoyed international comps growth.
Overall revenue for the period declined 5.5 percent, a decline that Domino’s attributed to lower domestic distribution revenues tied to lower food prices and volumes at domestic franchise stores.
Despite Domino’s struggles in the quarter, profit rose 6 percent. The bottom line got a boost from lower food prices enjoyed at corporate units and the sale of corporate units in the Netherlands and France to an Australia-based Domino’s franchisee.
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