What downturn? Domino’s posts 12.2% comp gain

dominos pizza box pool

Domino’s Pizza bucked the industry’s downward sales trend by posting a 12.2% leap in domestic same-store sales for the last three months of 2016, the highest gain by far for a public restaurant company for that calendar period.

Domino’s CEO Patrick Doyle characterized the chain’s performance as “unprecedented.”

“The momentum and alignment within our system has never been stronger,” he said in a statement.

The same-restaurant increase helped in pushing Domino’s revenues for the fourth quarter to $819.4 million, a 10.6% increase. Net income for the period jumped 15.9%, to $72.7 million.

The company attributed its industry-leading results in part to the adoption of new ways for customers to place delivery orders digitally. 

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Financing

Why are so many restaurant chains filing for bankruptcy?

The Bottom Line: A combination of rising costs and weakening sales, and more expensive debt, has caused real problems for restaurant chains. But the industry is also really difficult.

Financing

Despite their complaints, customers keep flocking to Chipotle

The Bottom Line: The chain continued to be a juggernaut last quarter, with strong sales and traffic growth, despite frequent social media complaints about shrinkflation or other challenges.

Operations

Hitting resistance elsewhere, ghost kitchens and virtual concepts find a happy home in family dining

Reality Check: Old-guard chains are finding the alternative operations to be persistently effective side hustles.

Trending

More from our partners