Delivered pizza company Domino’s Pizza has reported rises in sales and net income, driven up by strong global sales growth, for the first quarter ended 27 March 2005.
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Total revenue was $370m. compared with $319m in the same period a year ago. Net income was $25m, compared with the year earlier figure of $18.4m
“Our same store sales performance in the first quarter was truly special,” said chairman and CEO David A. Brandon. “Our track record as a brand and company is one of steady, controlled growth, as evidenced by the fact we have not had a negative annual same store sales performance in the past eleven years. We will remember the first quarter of 2005 as a quarter when a number of key factors came together to produce exceptional results.”
“These strong quarterly results contribute to our growing cash flow and put us in a strong position to grow our business, continue our debt reduction, opportunistically repurchase stock from our original investors, and pay a dividend to our shareholders that is among the highest yields in our industry,” he said.
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