Domino’s Pizza manages to increase its profit in full confinement by the coronavirus by 31.3%

Domino’s Pizza obtained a net profit of 121.6 million dollars in the first three months of 2020, which represents an increase of 31.3% compared to its result for the same period in 2020, as reported by the company.

Domino’s Pizza turnover between January and March reached 873.1 million dollars, 4.4% more than in the first quarter of 2019 and 5.9% more when excluding the effect of the exchange rate.

During the first quarter, the comparable sales of the pizza chain in the United States increased by 1.6%, thus marking 36 consecutive quarters of revenue growth, while its international business increased its comparable sales by 1.5%, thus fulfilling 105 consecutive quarters of growth.

In the first quarter of the year, Domino’s Pizza completed the opening of 69 stores in net terms, including 30 in the United States and 39 other stores in international markets.

“In a period of unprecedented change in our industry (from the coronavirus), I am pleased to report that Domino’s is in a very strong financial position, both at brand and franchise level,” said Ritch Allison, CEO from Domino’s.

On the other hand, the chain announced that in the first four weeks of its second fiscal quarter, its stores in the United States recorded a 7.1% increase in sales in comparable data, including a 10.6% increase in the stores it owns and 6.9% in the case of franchisees. For its part, internationally comparable sales decreased by 3.2%.

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