Monday, May 23, 2011

How Domino’s Delivered a Tasty Turnaround

          Recently, some purveyors of chow are thriving, including Domino's Pizza. The chain's stock is near a 52-week high.  In its most recent quarter, Domino's reported the same-store sales in the U.S. fell 1.4 percent compared to the year-before quarter. But, international same store sales grew 8.3% in the first quarter, marking the 69th consecutive quarter of same-store sales growth for this division.  While total U.S. sales slumped one percent in the quarter, total international stores rose 15.3 percent — and that's not including the impact of a lower dollar. In the first quarter of 2011, Domino's shut a net 20 stores in the U.S. and opened a net 48 stores overseas. The upshot: today, 4,470 of the company's 9,379 stores are outside the U.S. (nearly 48 percent).

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