AI English summary of an SEC filing — figures as filed
Domino's DPZThe company said consolidated revenues for Q1 2024 increased $60.2 million (5.9%) from a year earlier. U.S. same store sales rose 5.6%, and international same store sales, excluding foreign currency impact, rose 0.9%.
Key points
AI summaryThe company said consolidated revenues for Q1 2024 increased $60.2 million (5.9%) from a year earlier. U.S. same store sales rose 5.6%, and international same store sales, excluding foreign currency impact, rose 0.9%.
For Q1, Domino's said supply chain revenues rose $35.0 million (5.6%), citing higher order volumes at U.S. franchised stores as the main factor. It said supply chain gross margin increased $17.0 million (30.3%), and gross margin as a percentage of revenue rose 2.1 percentage points.
The company said operating cash flow for Q1 2024 increased $8.8 million. It said financing activities used a net $34.8 million, including about $25.0 million in share repurchases and debt and finance lease repayments of $13.5 million.
The company said long-term debt was about $4.98 billion as of March 24, 2024, and available borrowing capacity under the 2022 and 2021 Variable Funding Notes was $278.9 million. On February 21, 2024, its Board of Directors approved an additional share repurchase program of $1.0 billion and declared a quarterly dividend of $1.51 per share.
Key figures
Quarter ended March 24, 2024
- Revenue
- $1.1B
- Operating income
- $210M
- Net income
- $126M
- EPS
- $3.58
- Gross profit
- $422M
- Operating cash flow
- $123M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Q1 2024 Revenue and Same Store Sales
The company said consolidated revenues for Q1 2024 increased $60.2 million (5.9%) from a year earlier. U.S. same store sales rose 5.6%, and international same store sales, excluding foreign currency impact, rose 0.9%.
Source · Based on the MD&A text of the filing
Supply Chain Revenue and Gross Margin
For Q1, Domino's said supply chain revenues rose $35.0 million (5.6%), citing higher order volumes at U.S. franchised stores as the main factor. It said supply chain gross margin increased $17.0 million (30.3%), and gross margin as a percentage of revenue rose 2.1 percentage points.
Source · Based on the MD&A text of the filing
Operating Cash Flow and Financing Activities
The company said operating cash flow for Q1 2024 increased $8.8 million. It said financing activities used a net $34.8 million, including about $25.0 million in share repurchases and debt and finance lease repayments of $13.5 million.
Source · Based on the MD&A text of the filing
Liquidity, Debt and Shareholder Returns
The company said long-term debt was about $4.98 billion as of March 24, 2024, and available borrowing capacity under the 2022 and 2021 Variable Funding Notes was $278.9 million. On February 21, 2024, its Board of Directors approved an additional share repurchase program of $1.0 billion and declared a quarterly dividend of $1.51 per share.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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