US-based pizza restaurant chain Domino’s Pizza has reported 65.9% increase in net income to $34.4m in the first quarter (Q1) ended 24 March 2013 compared to $20.7m in the corresponding quarter a year ago.
The company attributed the rise in profit for the quarter to domestic and international same store sales growth, international store count growth and improved operating margins.
Revenues for the first quarter of fiscal 2103 were up 8.6%, compared to the revenues for the same quarter last year, primarily due to higher volumes in domestic supply chain as a result of increased order counts, higher royalty revenues derived from higher same store sales in both domestic and international stores and store count growth in international markets.
Domino's president and chief executive officer J Patrick Doyle said, "We are off to a strong start this year, growing stores and sales around the world by offering great food at a great value, which is compelling to customers everywhere."
Founded in 1960, Domino's Pizza currently has more than 10,300 stores in over 70 international markets.
