Domino's Pizza Announces First Quarter 2009 Financial Results

The International division continued its strong performance, posting its 61st consecutive quarter of same store sales growth.

  First Quarter Highlights:



  (dollars in millions, except per share         First         First

   data)                                        Quarter       Quarter

                                                of 2009       of 2008



  Net income                                       $23.8        $14.1



  Weighted average diluted shares             57,351,475   60,085,730



  Diluted earnings per share, as reported          $0.41        $0.23

  Items affecting comparability (see

   section below)                                 $(0.22)      $(0.03)

  Diluted earnings per share, as adjusted          $0.20        $0.21



  --  Diluted EPS was $0.41 on an as-reported basis for the first quarter,

      up $0.18 from the as-reported prior year period, due primarily to a

      gain on the extinguishment of debt.  However, excluding items

      affecting comparability from the prior year period, diluted EPS

      declined $0.01, primarily due to the negative impact of foreign

      currency exchange rates on our international royalty revenues, offset

      in part by improvements in operating performance in our business

      units. (See the Items Affecting Comparability section and the Comments

      on Regulation G section.)





  --  Global Retail Sales were down 4.6% in the first quarter, or up 5.6%

      when excluding the impact of foreign currency conversions.





                                                  First           First

                                                 Quarter         Quarter

                                                 of 2009         of 2008

  Same store sales growth: (versus prior

   year period)

    Domestic Company-owned stores                  (0.1)%         (2.4)%

    Domestic franchise stores                    +  1.1%          (5.5)%

    Domestic stores                              +  1.0%          (5.2)%

    International stores                         +  6.6%        +  8.8%





  Global retail sales growth: (versus prior

   year period)

    Domestic stores                                (0.3)%         (4.6)%

    International stores                          (10.1)%       + 22.1%

    Total                                          (4.6)%       +  5.6%



  Global retail sales growth: (versus prior

   year period and excluding foreign currency

   conversion impacts)

    Domestic stores                                (0.3)%         (4.6)%

    International stores                         + 13.1%        + 14.9%

    Total                                        +  5.6%        +  2.8%







                          Domestic

                          Company-   Domestic    Total

                            owned    Franchise Domestic International

                           Stores     Stores    Stores     Stores     Total

  Store counts:

    Store count at December

     28, 2008                 489     4,558    5,047       3,726      8,773

    Openings                    -        11       11          53         64

    Closings                    -       (71)     (71)        (37)      (108)

    Store count at March 22,

     2009                     489     4,498    4,987       3,742      8,729

    First quarter 2009 net

     growth                     -       (60)     (60)         16        (44)

    Trailing four quarters

     net growth               (53)      (88)    (141)        229         88

David A. Brandon, Domino's Chairman and Chief Executive Officer, said: "I am very satisfied with our operational performance during the quarter, and I am cautiously optimistic about our first half outlook. We are re-establishing our industry leadership position in the areas of product and technology innovation, marketing and retail execution -- and our domestic franchisees outperformed our Team USA stores in same store sales for the first time in many quarters. This is a very good sign, and a strong indication that our domestic franchise system is starting to regain some positive sales momentum. Our international business continued its long success streak of positive sales and store growth -- although this strong growth was offset by the negative effect of foreign exchange."

Brandon added, "Using a combination of cash-on-hand and our bank revolver with a very low borrowing rate, we took advantage of opportunities to repurchase a portion of our debt at deep discounts. And, we continue to generate cash that will be deployed to create additional shareholder value in the future."

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