This excerpt taken from the DPZ 8-K filed Oct 25, 2005.
Third Quarter Highlights (versus the prior year period):
Dominos Pizza Chairman and CEO David A. Brandon, commented, I am very pleased with the way we performed against our business plan for the third quarter. Both our domestic and international businesses drove positive same store sales growth, which was particularly noteworthy, considering our extremely strong sales performance in the same period last year. Together with lower cheese costs and healthy store growth, we were pleased to drive EPS growth of more than 30%.
I would also like to highlight the strength and character of our team members and franchisees in the wake of hurricanes Katrina and Rita, Brandon continued. Our largest domestic franchisee, RPM Pizza, is located in the center of Katrinas devastation, and many of our franchisees and team members displayed incredible acts of selflessness by traveling to RPM Pizza locations throughout Mississippi and Louisiana and helping them get most of their stores reopened in a remarkably short period of time. In addition, we were privileged to provide free, hot food to thousands of evacuees and rescue workers during the weeks immediately following the storms. I am very proud of the resiliency of the Dominos Pizza system and our ability to come together as a team during trying times to provide needed support to the communities we serve.
This excerpt taken from the DPZ 8-K filed Aug 3, 2005.
Second Quarter Highlights (versus the prior year period):
Chairman and CEO David A. Brandon said, Dominos Pizzas performance in the first half of 2005 was truly exceptional. Sales were strong and, overall, I was pleased with our execution in all phases of our business. I was particularly happy with the continued improvements in Team USA, our corporate store unit. We still have some challenging sales comps to face in the second half of the year. However, we believe 2005 has the potential to be a special year for us.
Brandon continued, As I have stated before, we have proven our ability to create steady and consistent annualized growth, with some variability quarter-to-quarter. We will sometimes overachieve, as we have demonstrated during the first half of 2005. There will likely be other times when we will experience weaker performance than the norm. However, we are proud of our record of eleven consecutive years of positive domestic same store sales growth and 46 consecutive quarters of positive international same store sales growth. We continue to believe Dominos Pizza is a steady, reliable performer; and our guidance of 11-13% annual net income growth, while also paying a significant dividend, is appropriate and achievable over the long-term.
This excerpt taken from the DPZ 8-K filed May 10, 2005.
First Quarter Highlights (versus the prior year period):
During 2004, the Dominos Pizza system voted to shift dollars from local and co-op marketing programs to more efficient national marketing initiatives. This resulted in an increase in the 2005 national marketing contribution rate from 3% to 4% of sales. Based on the success of this strategy, the Company recently completed another nationwide vote to shift an additional one percent of sales, from 4% to 5%, from local and co-op marketing programs to national marketing initiatives in 2006. Management views this move as another important step in maximizing the efficiency and reach of the Companys media spend.
David A. Brandon, Chairman and CEO, said Our same store sales performance in the first quarter was truly special. Our track record as a brand and company is one of steady, controlled growth, as evidenced by the fact we have not had a negative annual same store sales performance in the past eleven years. We will remember the first quarter of 2005 as a quarter when a number of key factors came together to produce exceptional results.
Brandon continued, I am proud of the strength of our marketing message, aided by a significant incremental increase in our national advertising spending, which began in January. Our worldwide system of stores executed well during a busy quarter of surging sales. I am pleased to see the progress made by our domestic Company-owned stores during this quarter. And, I continue to be impressed by the consistent growth and development of our international business.
Brandon concluded, These strong quarterly results contribute to our growing cash flow and put us in a strong position to grow our business, continue our debt reduction, opportunistically repurchase stock from our original investors, and pay a dividend to our shareholders that is among the highest yields in our industry.