Business NEWS

Domino’s Pizza drops, despite 3Q profit surprise on cost-cutting

By Germaine Lombardo for CEOWORLD Magazine Updated:October 14, 2009


Global fast-food chain Domino’s Pizza (NYSE:DPZ) on Tuesday reported 76 per cent surge in its third quarter profits at $17.8 million, boosted by improved margins and international store growth.

The company, posted $10.1 million profits in the same period a year ago.

Domino’s Pizza (LON:DOM) in a statement said the gains on extinguished debt, improved operating margins, lower interest expense and international store growth, bolstered the quarterly profits.

During the third quarter, domestic same store sales were flat while international same store sales grew 2.7 per cent.

“We did a good job of anticipating the economic downturn in the US and we cut costs before the economy weakened.

As a result, we are now in a position to invest in our business; in our franchisees; in our marketing; in our technology; and expand our global footprint,” Domino’s Chairman and Chief Executive Officer David A Brandon said.

Excluding the impact of foreign currency, the company said global retail sales were up 3.9 per cent in the third quarter.

On Monday, Jubilant Foodworks, which runs the Indian franchise of Domino’s Pizza, filed an application for an initial public offering with market regulator SEBI, through which the entity plans to raise up to Rs 300 crore.

Dominos-Pizza

Related Reading:

Start Your Own BusinessStart Your Own Business

YOUR ROAD MAP to BUSINESS SUCCESS

From the editors of Entrepreneur magazine, this bestselling business startup book has helped hundre... Read More >

Understanding BusinessUnderstanding BusinessUnderstanding Business by Nickels, McHugh, and McHugh has been the number one textbook in the introduction to business market for several editions for... Read More >
Business, Second Edition: The Ultimate Resource (Business : the Ultimate Resource)Business, Second Edition: The Ultimate Resource (Business : the Ultimate Resource)The "Business Bible" that captured the imaginations and fueled the ambitions of readers from the boardroom to the mailroom has now been completely rev... Read More >
Samsill Regal Leather Business Card Wallet, Holds 25 Cards of 2 x 3.5 Inches, Black (81220)Samsill Regal Leather Business Card Wallet, Holds 25 Cards of 2 x 3.5 Inches, Black (81220)Genuine black leather business card wallet is enhanced with rounded corners and stitched edges. Features a card pocket on both sides to hold business and personal cards. Card Holder Type: Business Card Wallet, Global Product Type: Card Holders, Number of Compartments: N/A, Card Capacity: 25.
The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to ReadThe Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to ReadFrom The Art of War to Being Digital-the 100 books that have shaped management thinking and practice.

Given the urgency and immediacy of so many b... Read More >

Share this Post:
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • email
  • FriendFeed
  • LinkedIn
  • MySpace
  • RSS
  • StumbleUpon
  • Technorati
  • Yahoo! Buzz
  • Identi.ca
  • PDF
  • Wikio
  • Mixx
  • Print
  • Propeller
  • SphereIt
  • Sphinn
  • Suggest to Techmeme via Twitter
  • Tipd
Sphere: Related Content

Author : Germaine Lombardo

Author's Website | Articles from Germaine Lombardo

Like this article!

Get our best articles delivered direct to your inbox at no cost. Sign up for CEOWORLD Magazine daily by entering your email below.


Readers Rating:
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...
Popularity:
1791 views
Leave a Comment:
add your comment
Tagged with: , , , , , , ,
blog comments powered by Disqus


Follow CEOWORLD Magazine

82358 RSS & 8000 Twitter Subscribers

Enter your email address:

Post a Job on CEOWORLD Magazine

Jobs on ceoworld

CEOWORLD Magazine on Facebook

Market summary



CEOWORLD News

Trinity Mirror buys Guardian Media Group (GMG) Regional Media business

Trinity Mirror Plc (TNI.LN), a multimedia business with leading print, online and TV brands, announced Tuesday that it h [...]

Redpoint Ventures raises $400 mln for start-ups in the Social and mobile and clean technology

Redpoint Ventures, which helps entrepreneurs to build innovative businesses announced that it had closed a new $400 mill [...]

Foodie Love- Foursquare signs a deal with Zagat to create media and entertainment mix

Foursquare, a location based social network that incorporates gaming elements, signs a deal with restaurant rating guide [...]

Naspers and DST Forticom in talks to pool Polish social networks Gadu-Gadu and Nasza-klasa.pl

DST (Digital Sky Technology) -owned holding Forticom, a Russian Internet holding company which holds a 75 percent stake [...]

Entertainment media company Galleon Holdings acquires 19% Stake in Dragonfruit Studios

Entertainment media company Galleon Holdings Plc, has acquired a 19% stake in Dragonfruit Studios LLC for US$1m. US$500, [...]

Advertisement!

CEOWORLD Magazine

Poland Business Guide


cosmos yachting LLC

lucentbyte


Global business networking



An International Business and Online Marketplace offers B2B Leads & promoting B2B Products of Worldwide Importers & Exporters


Get Chitika Premium

Thank you!



Quick Links:     Journalist Association of Europe Member   ·   Careers   ·   Subscription   ·   CEOWORLD Exchange   ·   Contact Us   ·   Terms of Use   ·   About us   ·   Advertise