Dominos Pizza (DPZ) has reported 15.89 percent rise in profit for the quarter ended Jan. 01, 2017. The company has earned $72.73 million, or $1.48 a share in the quarter, compared with $62.76 million, or $1.18 a share for the same period last year. On an adjusted basis, earnings per share were at $1.48 for the quarter compared with $1.15 in the same period last year.
Revenue during the quarter grew 10.56 percent to $819.44 million from $741.18 million in the previous year period. Gross margin for the quarter contracted 14 basis points over the previous year period to 31.09 percent. Total expenses were 81.61 percent of quarterly revenues, up from 81.33 percent for the same period last year. That has resulted in a contraction of 28 basis points in operating margin to 18.39 percent.
Operating income for the quarter was $150.72 million, compared with $138.41 million in the previous year period.
"I'm extremely proud of our franchisees and operators worldwide, including those who contributed toward back-to-back years of double digit sales growth in the U.S.," said J. Patrick Doyle, Domino’s president and chief executive officer. "While these unprecedented results speak for themselves, I am most pleased with the passion and energy we demonstrated throughout 2016 in meeting the challenge of sustained success. The momentum and alignment within our system has never been stronger."
Operating cash flow falls marginallyDominos Pizza has generated cash of $287.27 million from operating activities during the year, down 1.55 percent or $4.51 million, when compared with the last year. The company has spent $0.84 million cash to meet investing activities during the year as against cash outgo of $109.29 million in the last year. It has incurred net capital expenditure of $53.62 million on net basis during the year, up 6.05 percent or $3.06 million from year ago.
The company has spent $375.79 million cash to carry out financing activities during the year as against cash outgo of $80.94 million in the last year period.
Cash and cash equivalents stood at $42.82 million as on Jan. 01, 2017, down 67.92 percent or $90.63 million from $133.45 million on Jan. 03, 2016.
Working capital drops significantly
Dominos Pizza has witnessed a decline in the working capital over the last year. It stood at $92.18 million as at Jan. 01, 2017, down 59.33 percent or $134.48 million from $226.65 million on Jan. 03, 2016. Current ratio was at 1.23 as on Jan. 01, 2017, down from 1.60 on Jan. 03, 2016.
Debt comes down marginallyDominos Pizza has recorded a decline in total debt over the last one year. It stood at $2,187.88 million as on Jan. 01, 2017, down 2.36 percent or $52.92 million from $2,240.79 million on Jan. 03, 2016. Total debt was 305.44 percent of total assets as on Jan. 01, 2017, compared with 280.15 percent on Jan. 03, 2016. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]
