Pizza Sales Pile Up Overseas
With growth stagnating at home, pizza companies are heading to Asia for growth. And they're finding it.
Without a doubt, pizza is an American fixture. From Chicago-style deep dishes to New Jersey's tomato pies to small-town thin crusts, pizza is as customary in the States as are hamburgers and french fries. And since we like pizza so much, we seem to be in the middle of a trend of sharing our tomato-lovin' wealth with the rest of the world.
Through the first two quarters of fiscal 2005, Domino's Pizza(NYSE: DPZ) saw its international same-store sales grow by 8.2% over the same period last year. The company is fueling its growth by expanding rapidly overseas. And while openings of domestic units rose by only 0.3%, international store growth was substantially higher at 2.3%. Domino's was able to combine its older units with newly added international locations to increase net income in the second quarter of this year by 47% over the same quarter last year.
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Source - MSNBC
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