Domino's Pizza Inc. (DPZ, Financial) filed Quarterly Report for the period ended 2010-09-12.
Domino's Pizza Inc. has a market cap of $866.2 million; its shares were traded at around $14.63 with a P/E ratio of 12.7 and P/S ratio of 0.6. Domino's Pizza Inc. had an annual average earning growth of 4.8% over the past 5 years.DPZ is in the portfolios of Chase Coleman of TIGER GLOBAL MANAGEMENT LLC, Bruce Kovner of Caxton Associates, Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC.
Income from operations increased $7.7 million, up 19.2% in the third quarter of 2010; and $34.6 million, up 27.6% in the first three quarters of 2010. These increases were due primarily to higher royalty revenues from domestic and international franchise stores and larger volumes in our supply chain business. Additionally, income from operations in the first three quarters benefited from higher domestic Company-owned store margins. These increases were offset, in part, by higher variable general and administrative expenses, including higher performance-based bonuses as a result of our strong operating performance, as well as continued investments in growth initiatives. Additionally, the comparable results for the first three quarters from the prior-year period were negatively impacted by approximately $4.9 million of expenses incurred in connection with the Companys stock plan changes in 2009.
Net income decreased $1.2 million, down 6.9% in the third quarter of 2010; and increased $7.6 million, up 13.6% in the first three quarters of 2010. The decrease in the third quarter of 2010 was due primarily to lower pre-tax gains recorded on the extinguishment of debt, offset in part by the aforementioned increase in income from operations, lower interest expense resulting from lower debt balances, and the positive impact of a lower effective tax rate in the quarter. The increase in the first three quarters of 2010 was due primarily to the aforementioned increase in income from operations, lower interest expense resulting from lower debt balances, and the positive impact of a lower effective tax rate, offset in part by lower pre-tax gains recorded on the extinguishment of debt.
Revenues from domestic Company-owned store operations increased $4.7 million, up 6.4% in the third quarter of 2010; and $14.3 million, up 6.2% in the first three quarters of 2010. These increases were due to higher same store sales, offset in part by
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Domino's Pizza Inc. has a market cap of $866.2 million; its shares were traded at around $14.63 with a P/E ratio of 12.7 and P/S ratio of 0.6. Domino's Pizza Inc. had an annual average earning growth of 4.8% over the past 5 years.DPZ is in the portfolios of Chase Coleman of TIGER GLOBAL MANAGEMENT LLC, Bruce Kovner of Caxton Associates, Paul Tudor Jones of The Tudor Group, Jim Simons of Renaissance Technologies LLC.
Highlight of Business Operations:
Revenues increased $44.7 million, up 14.8% in the third quarter of 2010; and $149.7 million, up 15.9% in the first three quarters of 2010. These increases were driven by higher domestic supply chain revenues resulting from increased volumes and higher commodity prices, including cheese, higher same store sales domestically and abroad and international store count growth.Income from operations increased $7.7 million, up 19.2% in the third quarter of 2010; and $34.6 million, up 27.6% in the first three quarters of 2010. These increases were due primarily to higher royalty revenues from domestic and international franchise stores and larger volumes in our supply chain business. Additionally, income from operations in the first three quarters benefited from higher domestic Company-owned store margins. These increases were offset, in part, by higher variable general and administrative expenses, including higher performance-based bonuses as a result of our strong operating performance, as well as continued investments in growth initiatives. Additionally, the comparable results for the first three quarters from the prior-year period were negatively impacted by approximately $4.9 million of expenses incurred in connection with the Companys stock plan changes in 2009.
Net income decreased $1.2 million, down 6.9% in the third quarter of 2010; and increased $7.6 million, up 13.6% in the first three quarters of 2010. The decrease in the third quarter of 2010 was due primarily to lower pre-tax gains recorded on the extinguishment of debt, offset in part by the aforementioned increase in income from operations, lower interest expense resulting from lower debt balances, and the positive impact of a lower effective tax rate in the quarter. The increase in the first three quarters of 2010 was due primarily to the aforementioned increase in income from operations, lower interest expense resulting from lower debt balances, and the positive impact of a lower effective tax rate, offset in part by lower pre-tax gains recorded on the extinguishment of debt.
Revenues from domestic Company-owned store operations increased $4.7 million, up 6.4% in the third quarter of 2010; and $14.3 million, up 6.2% in the first three quarters of 2010. These increases were due to higher same store sales, offset in part by
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