Q1 2025 Domino's Pizza Inc Earnings Call Transcript
Key Points
- Domino's Pizza Inc (DPZ) achieved market share gains in both US and international markets despite consumer and industry headwinds.
- The launch of the Parmesan Stuffed Crust Pizza has been well-received, with high customer satisfaction scores and a strong mix of orders.
- The partnership with DoorDash is expected to significantly enhance delivery capabilities and is anticipated to be approximately 50% incremental.
- Domino's Pizza Inc (DPZ) continues to drive renowned value through national promotions and rewards programs, which have been effective in a challenging economic environment.
- The company has made strategic organizational changes to improve efficiency and align with its Hungry for MORE strategy, which is expected to drive long-term growth.
- Same-store sales in the US declined by 0.5%, slightly below expectations, due to negative traffic and a decline in delivery business.
- The delivery business continues to be impacted by macroeconomic pressures affecting low-income consumers.
- Net store growth in the US was modest, with only 17 net new stores added in the first quarter.
- International net store count decreased by 25 due to closures by Domino's Pizza Enterprises, primarily in Japan.
- The company faces potential geopolitical pressures that could impact international sales and growth.
Thank you for standing by. Welcome to Domino's Pizza's first-quarter 2025 earnings conference call. (Operator Instructions) As a reminder, today's program is being recorded.
And now, I'd like to introduce your host for today's program, Greg Lemenchick, Vice President, Investor Relations. Please go ahead, sir.
'--
Good morning, everyone. Thank you for joining us today for our first-quarter conference call. Today's call will begin with our Chief Executive Officer, Russell Leaner; followed by our Chief Financial Officer, Sandeep Reddy. The call will conclude with a Q&A session.
The forward-looking statements in this morning's earnings release and 10-Q, both of which are available on our IR website, also apply to our comments on the call today. Actual results or trends could differ materially from our forecast. For more information, please refer to the risk factors discussed in our filings with the SEC.
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