By Kelly Cloonan
Domino's Pizza logged higher profit and revenue in the first quarter as continued growth in international same-store sales offset declines at its U.S. locations.
The pizza chain reported a profit of $149.7 million for the quarter ended March 23, compared with $125.8 million a year earlier.
Earnings per share were $4.33, ahead of estimates of $4.20 a share according to analysts polled by FactSet.
Revenue rose 3%, to $1.11 billion. Analysts expected $1.13 billion.
Higher international franchise royalties and fees and higher revenue from supply chain and U.S. franchise advertising drove the increased overall revenue, the company said.
U.S. same-store sales swung to a 0.5% decline. International same-store sales rose 3.7%, excluding the effects from foreign currency.
Chief Executive Russell Weiner said the results show Domino's strategy continues to drive market-share growth across both its U.S. and international businesses amid a challenging global macroeconomic environment.
"Sustained market-share growth reflects a company's ability to control what is under its control, a key to long-term success," Weiner said.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
April 28, 2025 06:05 ET (10:05 GMT)
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