You are viewing this article in the AnnArbor.com archives. For the latest breaking news and updates in Ann Arbor and the surrounding area, see MLive.com/ann-arbor
Posted on Thu, Feb 28, 2013 : 9:28 a.m.

Domino's Pizza reports $112 million net income in 2012

By Lizzy Alfs

Global chain Domino’s Pizza’s net income grew 6.6 percent from its 2011 fiscal year to its 2012 fiscal year, according to an earnings report released Thursday morning.

The Ann Arbor Township-based company reported a net income of $112.4 million in 2012, compared to $105.4 million in 2011. Domino’s reported earnings-per-share for the full year of $1.91.

dominos_pan_pizza.jpg

Domino's recently introduced its new pan pizza, part of a series of menu changes for the Ann Arbor Township-based company.

Courtesy photo

"Our performance in 2012 was yet another example of the consistent results we have delivered to our shareholders,” said Domino’s CEO Patrick Doyle in a statement. “Our strong global brand is driving a robust record of same store sales growth, new store openings and technological innovation that is building our business globally."

Thanks to higher same store sales and store count growth in international markets, Domino’s reported a fourth quarter net income of $37.6 million, compared to $30.9 million a year prior. The company’s domestic same store sales grew 3.1 percent over 2011. During the fourth quarter, domestic same store sales grew 4.7 percent over the same period in 2011.

The company’s 2012 fiscal year marked significant growth for its international division; for the first time in Domino’s Pizza’s history, international store counts exceeded U.S. stores. According to the earnings report, international same store sales grew 5.2 percent in 2012 over 2011.

The company also experienced global net store growth of 513 stores in 2012, led by a record 492 net new stores internationally. There are now more than 10,200 corporate-owned and franchised Domino’s stores in over 70 international markets.

Domino’s Pizza’s profits have soared since the company introduced a completely redesigned pizza recipe in late 2009. The changes took the company from flat same-store sales and store closures to record profits and store count growth.

Since the pizza redesign, Domino’s has continued to roll out a series of menu changes and it continues to grow its online business. A third of the company’s business now comes from digital orders, Doyle told AnnArbor.com recently.

Doyle also announced plans to remodel Domino’s Pizza’s stores to include open kitchens and more interactive features. A new store on Plymouth Road in Ann Arbor is one of the first Domino’s locations to feature the redesign.

Domino’s executives will discuss the earnings report on a call with investors at 11 a.m. Shares of Domino's Pizza (NYSE: DPZ) opened at $46.83 on Thursday.

Lizzy Alfs is a business reporter for AnnArbor.com. Reach her at 734-623-2584 or email her at lizzyalfs@annarbor.com. Follow her on Twitter at http://twitter.com/lizzyalfs.

Comments

ManA2

Thu, Feb 28, 2013 : 10:21 p.m.

Great to see a local company doing so well!

Craig Warburton

Thu, Feb 28, 2013 : 6:56 p.m.

Congratulations to me Doyle and his management team!

justcurious

Thu, Feb 28, 2013 : 4:07 p.m.

Amazing. From a tiny pizza joint in Ypsilanti to this.

Tom Todd

Thu, Feb 28, 2013 : 4:05 p.m.

We consumers demand they lower there prices how dare a company make a profit,also it should go to the CEO and absolutely not the middle income earners. (sarcasm)

LXIX

Thu, Feb 28, 2013 : 3:38 p.m.

News flash - round saucer-shaped objects matching the description of those found in the Ann Arbor area have now appeared everywhere across the globe. Foreign government leaders are perplexed as to what the strange objects might be. Their investigations are continuing.... $112M local profit? Datsa gooda piece a pie !

Dog Guy

Thu, Feb 28, 2013 : 2:59 p.m.

That's a lot of dough.

Lizzy Alfs

Thu, Feb 28, 2013 : 3:02 p.m.

Hilarious. As I was writing this, I wondered to myself how long it would take for someone to make that joke! You're on it.