![]() The level of gluten found in our pizza made with Gluten Free Crust is below 20 PPM. Prices, participation, delivery area, terms and charges may vary.Īccording to our most recent assessment of scientific data, foods containing gluten levels not exceeding 20 PPM would not pose a health risk to the vast majority of individuals with Celiac Disease or to individuals with gluten sensitivity. Gift Cards may not be used with 50% Off Promotions. "Handmade Pan Pizza", "Thin Crust", and "Feast" pizzas may be extra. The company also said that foreign currency exchange rates will weigh on its revenue by $22 million to $26 million, up from its previous outlook of $12 million to $16 million.Additional charges may apply when selecting extra or premium toppings. Executives also said new store development will likely slow because of inflation. The company opened 233 net new stores this quarter, the vast majority of them overseas.įor fiscal 2022, Domino's is now expecting food basket prices to climb 13% to 15%, up from its prior forecast of 10% to 12%. Analysts were forecasting roughly flat same-store sales growth for the chain's international unit. Domino's said a tax holiday in the United Kingdom drove sales higher a year ago, but the country didn't repeat it this year. International same-store sales, excluding foreign currency changes, declined 2.2%. Such partnerships can help sales but typically hurt profits because of the commission fees charged per order. Rivals Pizza Hut and Papa John's have been leaning on their third-party partnerships in recent quarters to alleviate the shortage of drivers. Wall Street was expecting domestic same-store sales growth of 5%, according to StreetAccount estimates.ĭuring the conference call, executives said they believe they can resolve staffing troubles internally, indicating that they won't be tapping third-party delivery companies like Doordash for help. In the U.S., same-store sales fell 2.9% as it faced tough comparisons in the year-ago period, which was helped by stimulus checks and people ordering more pizza at home. Price increases of nearly 6% and strong carry-out order growth also boosted sales but weren't enough to offset the blow from understaffing. This quarter, operators paid 15.2% more than they did a year ago. Domino's largely attributed the increase in sales to the higher food costs it's charging franchisees. Net income in the three-month period ended June 19 was $102.5 million, or $2.82 per share, down from $116.6 million, or $3.06 per share, a year earlier. Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Shares of Domino's were up modestly in afternoon trading. ![]() restaurants are using call centers to take orders so their workers can focus on making and delivering pizzas.ĭomino's also said it expects food costs to keep rising and unfavorable foreign currency exchange rates to drag down its international revenue more than previously forecast. To address customer service difficulties, roughly 40% of Domino's U.S. have been hurt by some locations shortening their hours as a result of the driver shortage. The Ann Arbor, Michigan-based company's same-store sales fell at home and abroad during the second quarter. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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