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Domino's Pizza Announces 2005 Earnings

Fourth Quarter EPS up 55% versus prior year, or 18% as adjusted

Feb 21, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Domino's Pizza, Inc. (NYSE: DPZ), the recognized world leader in pizza delivery, today announced results for the fourth quarter and fiscal 2005, each ended January 1, 2006.

Fourth Quarter and Fiscal 2005 Highlights:

    (dollars in millions, except per share data)       Q405           FY05
    Revenues                                         $ 457.4       $1,511.6
    Net income                                         $40.2        $ 108.3

    Weighted average diluted shares               68,304,808     68,654,573

    Diluted earnings per share, as reported            $0.59          $1.58
    Items affecting comparability (see below)         $(0.14)        $(0.12)
    Diluted earnings per share, as adjusted            $0.45          $1.46

    - Revenues were down 4.4% for the fourth quarter, due primarily to the
      negative impact of the 53rd week in 2004 and were up 4.5% for the full
      year, driven primarily by increases in revenues in all business
      segments.

    - Net income was up $13.2 million for the fourth quarter and up $46.0
      million for the full year, driven primarily by a gain recognized from
      the sale of an equity investment in our master franchisee in Mexico.
      Net income was also favorably impacted by higher same store sales and
      store counts, higher volumes in our distribution business, lower food
      and insurance costs and lower interest expense, offset in part by
      increases in general and administrative costs, including the adoption of
      the SFAS 123R stock option expensing standard in 2005, and the impact of
      the 53rd week in 2004.

    - Diluted EPS was $0.59 for the fourth quarter, or $0.45 adjusted for the
      $0.14 related to items affecting comparability (as further described
      below and in the Comments on Regulation G).  Diluted EPS was $1.58 for
      the full year, or $1.46 adjusted for the $0.12 related to items
      affecting comparability.  The diluted EPS of $0.45 and $1.46 represented
      increases of 18.4% and 30.4% compared to diluted EPS of $0.38 and pro
      forma diluted EPS of $1.12 in the prior year periods.  These increases
      in earnings per share measures benefited from both increased net income
      and reduced diluted shares outstanding.

    Fourth Quarter and Fiscal 2005 Highlights (continued):

                                                        Q405           FY05
    Same store sales growth (versus prior year period)
     Domestic Company-owned stores                      3.3%           7.1%
     Domestic franchise stores                          1.5%           4.6%
     Domestic Stores                                    1.7%           4.9%
     International stores                               3.8%           6.1%

    Net store growth
     Domestic Company-owned stores                        7              1
     Domestic franchise stores                           59             83
     Domestic Stores                                     66             84
     International stores                                68            238
     Total                                              134            322

    Store count at 2005 year end                                     8,079

    Global retail sales growth (versus prior year period)
     Domestic Stores                                   (2.7%)          4.5%
     International stores                               5.9%          15.1%
     Total                                              0.1%           7.8%

    - Global retail sales increases were driven primarily by increases in
      global store growth and strong same store sales results, offset in part
      by the negative impact of the 53rd week in the fourth quarter of 2004
      (estimated as a 2 percentage point impact for the full year).

David A. Brandon, Domino's Chairman and Chief Executive Officer, said: "Fiscal 2005 was truly a special year for Domino's Pizza and our shareholders. For our domestic business, it was our twelfth consecutive year without a negative annual same store sales comparison. Our international business continued its string of 48 consecutive quarters of same store sales growth. Virtually every element of our plan came together in 2005. Strong products and promotions, backed by increased advertising, resonated with our customers. Significant increases in volumes created operational challenges for us, and our operators at both Team USA and our franchised stores did a good job of responding to the challenge. And, our international team continued to make a strong contribution with extraordinary store growth and overall, produced another banner year."

Items Affecting Comparability

The table below presents the items that affect comparability between 2005 and 2004 financial results. Management believes that including such information is critical to the understanding of our financial results for the fourth quarter and full year 2005 as compared to similar periods in 2004.

Fourth Quarter              Full Year

                                            Diluted                   Diluted
                                     After-   EPS             After-    EPS
    (in thousands)          Pre-tax   tax    Impact  Pre-tax   tax     Impact
    2005 items affecting
     comparability:
    SFAS 123R expenses (1) $(1,183)  $(738) $(0.01) $(2,925) $(1,828)  $(0.03)
    Netherlands charges (2) (2,838) (2,838)  (0.04)  (2,838)  (2,838)   (0.04)
    CFO separation expenses   (932)   (576)  (0.01)  (1,139)    (707)   (0.01)
    Gain on sale of equity
     investment             22,084  13,655    0.20   22,084   13,655     0.20
    Total 2005 items
     affecting
     comparability         $17,131  $9,503   $0.14  $15,182   $8,282    $0.12

    2004 items affecting
    comparability:
    53rd week adjustment    $5,310  $3,305   $0.05   $5,310   $3,305    $0.05
     Lease accounting
      corrections           (2,823) (1,757)  (0.03)  (2,823)  (1,757)   (0.03)
    IPO expenses (3)             -       -       -  (22,749)  (14,161)  (0.20)
    Total 2004 items
     affecting
     comparability          $2,487  $1,548   $0.02 $(20,262) $(12,613) $(0.18)

    (1) Had SFAS 123R been adopted in fiscal 2004, the Company would have
        recorded approximately $1.1 million (or $693,000 after-tax) of non-
        cash compensation expenses in fiscal 2004 related to stock options.
    (2) The charges incurred related to Company-owned operations in the
        Netherlands were not tax affected due to the uncertainty of the
        ability to utilize net operating loss carryovers related to the
        Netherlands in the future.
    (3) IPO expenses include the expenses outlined in the pro forma earnings
        per share calculation table in the Pro Forma EPS discussion below
        (with the exception of the $5.8 million of hypothetical interest
        expense reductions assuming the IPO occurred at the beginning of
        fiscal 2004, which are not included in the table).

The Company's reported financial results in 2005 are not comparable to the reported financial results in 2004 due to several factors, including:

(i)   expenses incurred in 2005 related to the adoption of SFAS 123R
          (stock option expensing standard),
    (ii)  charges incurred in 2005 related to the Netherlands operations,
    (iii) expenses incurred in 2005 related to the departure of the Company's
          former CFO, primarily comprised of non-cash compensation expenses
          and a cash separation obligation,
    (iv)  the gain in 2005 on the sale of the equity investment in our Mexican
          master franchisee,
    (v)   the estimated effect on income of the 53rd week in 2004,
    (vi)  charges incurred in 2004 related to the change in accounting for
          leases, and
    (vii) expenses incurred in connection with the Company's 2004 initial
          public offering, which are outlined in the pro forma earnings per
          share calculation table in the Pro Forma EPS discussion below (with
          the exception of the $5.8 million of hypothetical interest expense
          reductions assuming the IPO occurred at the beginning of fiscal
          2004, which are not included in the table above).

    Conference Call Information

Domino's Pizza, Inc. will hold a conference call today at 11 a.m. (Eastern) to review its 2005 financial results. The call can be accessed by dialing (888) 306-6182 (U.S./Canada) or (706) 634-4947 (International). Ask for the Domino's Pizza conference call. The call will also be web cast at http://www.dominos.com. If you are unable to participate on the call, a replay will be available through midnight March 21, 2006 by dialing (800) 642-1687 (U.S./Canada) or (706) 645-9291 (International), Conference ID 3419091. The web cast will be archived for 30 days on http://www.dominos.com.

Board Declares Fourth Quarter Dividend and Increase in 2006 Dividend

The Company's fourth quarter dividend, in the amount of 12 cents per share, will be paid on March 30, 2006 to shareholders of record as of the close of business on March 15, 2006. This is a 20% increase from the previous dividend of 10 cents per share. On an annualized basis, the fourth quarter dividend equates to an approximate 1.8% dividend yield, based on the Company's closing stock price of $26.29 on February 17, 2006.

Brandon commented on the Company's strong cash flow and increased dividend: "This announcement marks the second increase we have made in our dividend payment, which reinforces an important aspect of our business model. We generate a significant amount of free cash flow, and we deploy it in a variety of ways to drive shareholder returns. We also used some of our cash this year to repurchase shares, as well as a greater-than-planned level of debt reduction."

The Company Announces its Annual Meeting of Shareholders

The Company's Board of Directors set the date of its 2006 annual meeting of shareholders as well as the record date for that meeting. The 2006 shareholders' meeting will be held on Wednesday, May 3, 2006, at 10:00 a.m. (Eastern) at Domino's Pizza World Resource Center at 30 Frank Lloyd Wright Drive, Ann Arbor, Michigan. The record date for the annual meeting is March 24, 2006. Only shareholders of record on that date are entitled to vote at the meeting.

Long Range Outlook

The Company does not provide quarterly or annual earnings estimates. The following long range outlook does not constitute specific earnings guidance, but management believes these ranges to be appropriate and achievable over the long term.

Year-over-Year
                                                      Growth

    Domestic same store sales                        1% - 3%
    International same store sales                   3% - 5%
    Net units                                       200 - 250
    Global retail sales                              4% - 6%
    Net income                                      11% - 13%

    Company Adopts Option Expensing Standard in 2005

During the fourth quarter of 2005, the Company adopted SFAS No. 123R, Share-Based Payment (SFAS 123R). The Company retroactively adjusted the financial information in the first, second and third quarters of 2005 to reflect the adoption as if it happened at the beginning of fiscal 2005. In connection with the adoption of SFAS 123R, the Company recorded non-cash compensation expense of approximately $446,000 (or $278,000, net of tax) in the first quarter, approximately $432,000 (or $280,000, net of tax) in the second quarter, approximately $864,000 (or $532,000, net of tax) in the third quarter and $1.2 million (or $738,000, net of tax) in the fourth quarter. For the full year 2005, these non-cash compensation charges totaled approximately $2.9 million (or $1.8 million, net of tax), or approximately 2.7 cents per diluted share.

Charges related to Company-owned Netherlands operations

During the fourth quarter of 2005, the Company incurred charges totaling approximately $2.8 million (these charges were not tax affected), or 4.1 cents per diluted share for fiscal 2005, related to its Netherlands operations. These charges consisted of goodwill and asset impairments of approximately $2.2 million, as well as losses from store closings and store sales and other charges totaling approximately $0.6 million.

Sale of Equity Investment in Mexican Master Franchisee

During the fourth quarter of 2005, the Company sold its equity investment in Alsea S.A. de C.V., its master franchisee in Mexico. In connection with this transaction, the Company received proceeds of approximately $25.5 million and recorded a gain of approximately $22.1 million ($13.7 million net of tax) in the fourth quarter of 2005, or 19.9 cents per diluted share for fiscal 2005.

Pro Forma EPS

Pro forma diluted earnings per share for fiscal 2004 were $1.12. Diluted earnings per share data, as reported, for the 2005 and 2004 fiscal years are disclosed in the accompanying condensed consolidated statements of income.

Management believes it is helpful to investors to be presented with a pro forma EPS number for 2004 which is based on its capital structure and anticipated ongoing financing and related costs following the completion of the Company's initial public offering. As a result, the Company is providing pro forma EPS amounts for full year 2004, assuming that the following transactions occurred at the beginning of 2004:

(i)  the reclassification of previously outstanding Class A Common Stock
         and Class L Common Stock into Common Stock; and
    (ii) the issuance of the 9,375,000 shares issued in the IPO and the
         redemption of $109.1 million of senior subordinated notes, resulting
         in a reduction of interest expense of approximately $2.1 million
         ($1.3 million after-tax) in each of the first two fiscal quarters of
         2004 and $1.6 million ($1.0 million after-tax) in the third fiscal
         quarter of 2004.

Further, for pro forma purposes, the Company has eliminated certain non- recurring costs recognized in the third quarter of 2004 related to the IPO including:

(i)  the $10.0 million payment made to an affiliate of our former majority
         shareholder to terminate the management agreement between that
         affiliate and the Company; and
    (ii) the $9.0 million premium on the redemption of the senior subordinated
         notes and the $3.7 million write-off of related debt discount and
         deferred financing costs.

The following table reconciles net income, as reported to pro forma net income, and also presents the diluted weighted average shares of common stock outstanding used to determine pro forma diluted earnings per share. The denominator in the pro forma diluted EPS calculations below assumes that the capital structure in place after our IPO was in place for all of fiscal 2004.

Fiscal
                                                              2004
    (In thousands, except per share data)
    Net income, as reported                                 $62,287
    Adjustments (pre-tax):
     Reduction in interest expense from debt retirement       5,775
     Elimination of payment to terminate management fee      10,000
     Elimination of bond premium                              9,001
     Write-off of deferred financing fees and bond discount   3,748
    Total adjustments (pre-tax)                              28,524
     Tax effect                                             (10,768)
    Total adjustments (net of tax)                           17,756
    Pro forma net income                                    $80,043

    Weighted average shares outstanding - diluted            71,287
    Pro forma earnings per share - diluted                    $1.12

    The following table reconciles diluted EPS, as reported to pro forma
diluted EPS.

                                                              Fiscal
                                                               2004

    Earnings per share - diluted, as reported                 $0.81
    Impact of pro forma adjustments                            0.25
    Impact of the reclassification of the Class L conversion
    and issuance of common stock assuming the IPO
    occurred at the beginning of the year                      0.06

    Pro forma earnings per share - diluted                    $1.12

    See Comments on Regulation G.

    Liquidity
    As of January 1, 2006, the Company had:
    - $737.7 million in total debt,
    - $66.9 million of cash and cash equivalents,
    - approximately 72% of outstanding borrowings contractually fixed,
      including the effect of interest rate derivatives,
    - no borrowings under its $125.0 million revolving credit facility, and
    - letters of credit issued under its revolving credit facility of $30.5
      million.

    During fiscal 2005, the Company:
    - voluntarily repaid $40.0 million of senior credit facility borrowings,
    - borrowed and subsequently repaid $40.0 million of borrowings on its
      revolving credit facility that along with cash from operations were used
      to repurchase approximately 4.4 million shares of the Company's common
      stock for $75.0 million during the second quarter of 2005, and
    - repaid $0.3 million in other borrowings.

The Company's average 2005 borrowing rate was 5.8%. Additionally, subsequent to year end, the Company voluntarily prepaid $35.0 million of senior credit facility borrowings. After considering this payment, the Company is not required to make the next scheduled principal payment of $1.1 million until March 31, 2007. The Company is not required to make principal payments on its senior subordinated notes until 2011.

The Company incurred $28.7 million in capital expenditures during 2005, including approximately $7.6 million relating to the completion of the renovation of its world headquarters.

The Company's free cash flow, as reconciled below to cash flows from operations as determined under generally accepted accounting principles, was $112.5 million in 2005.

(in thousands)                                    Fiscal
                                                       2005
    Net cash provided by operating activities
     (as reported)                                   $141,197
    Capital expenditures (as reported)                (28,689)
    Free cash flow                                   $112,508

    Comments on Regulation G

In addition to the GAAP financial measures set forth in this Press Release, the Company has included certain non-GAAP financial measures within the meaning of Regulation G due to items affecting comparability between fiscal years and the significant changes in the Company's capital structure resulting from the 2004 IPO. Additionally, the Company has included metrics commonly used in the quick-service restaurant industry that are important to understanding Company performance.

The Company uses "Diluted EPS, as adjusted," which is calculated as reported diluted EPS less the items affecting comparability discussed on page two. The most directly comparable financial measure calculated and presented in accordance with GAAP is diluted earnings per share. The Company's management believes that the Diluted EPS, as adjusted measure is important and useful to investors and other interested persons and that such persons benefit from having a consistent basis for comparison between reporting periods.

The Company also uses "Pro Forma EPS," calculated based on "Pro Forma Net Income," which are both non-GAAP financial measures. The Company's management believes that these measurements are important to investors and other interested persons and that such persons benefit from having a consistent basis for comparison between reporting periods and for comparison with other companies in the industry. While management believes that these non-GAAP financial measures will be helpful to investors in understanding and evaluating the Company's performance in the periods immediately following the IPO, management does not expect to continue to provide such non-GAAP financial measures following the fourth quarter of 2005.

Additionally, the Company uses "Free Cash Flow," calculated as cash flows from operations less capital expenditures, both as reported. The Company's management believes that the free cash flow measure is important to investors and other interested persons and that such persons benefit from having a measure which communicates how much cash flow is available to be used for de- levering, making acquisitions, paying dividends, repurchasing shares or similar uses of cash.

The Company uses "Global retail sales" to refer to total worldwide retail sales at Company-owned and franchise stores. Management believes global retail sales information is useful in analyzing revenues, because franchisees pay royalties that are based on a percentage of franchise retail sales. Management reviews comparable industry global retail sales information to assess business trends and to track the growth of the Domino's Pizza(R) brand. In addition, distribution revenues are directly impacted by changes in domestic franchise retail sales. Retail sales for franchise stores are reported to the Company by its franchisees and are not included in Company revenues.

The Company uses "Same store sales growth," calculated including only sales from stores that also had sales in the comparable period of the prior year, but excluding sales from certain seasonal locations such as stadiums and concert arenas. International same store sales growth is calculated similarly to domestic same store sales growth. Changes in international same store sales are reported on a constant dollar basis which reflects changes in international local currency sales.

About Domino's

Founded in 1960, Domino's Pizza is the recognized world leader in pizza delivery. Domino's is listed on the NYSE under the symbol "DPZ." Through its primarily franchised system, Domino's operates a network of 8,079 franchised and Company-owned stores in the United States and more than 50 countries. The Domino's Pizza(R) brand, named a Megabrand by Advertising Age magazine, had global retail sales of nearly $5.0 billion in 2005, comprised of $3.3 billion domestically and $1.7 billion internationally. Domino's Pizza was named "Chain of the Year" by Pizza Today magazine, the leading publication of the pizza industry and is the "Official Pizza of NASCAR(R)." More information on the Company, in English and Spanish, can be found on the web at http://www.dominos.com.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relating to our anticipated profitability and operating performance reflect management's expectations based upon currently available information and data. However, actual results are subject to future risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that can cause actual results to differ materially include: the uncertainties relating to litigation; consumer preferences, spending patterns and demographic trends; the effectiveness of our advertising, operations and promotional initiatives; our ability to retain key personnel; new product and concept developments by Domino's and other food-industry competitors; the ongoing profitability of our franchisees and the ability of Domino's and our franchisees to open new restaurants; changes in food prices, particularly cheese, labor, utilities, insurance, employee benefits and other operating costs; the impact that widespread illness or general health concerns may have on our business and the economy of the countries in which we operate; severe weather conditions and natural disasters; changes in our effective tax rate; changes in government legislation and regulations; adequacy of our insurance coverage; costs related to future financings and changes in accounting policies. Further information about factors that could affect Domino's financial and other results is included in the Company's filings with the Securities and Exchange Commission. We do not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Domino's Pizza, Inc. and Subsidiaries
                 Condensed Consolidated Statements of Income

                                           Fiscal Quarter Ended

                              January 1,  % of Total    January 2,  % of Total
                                2006        Revenues      2005        Revenues

    (In thousands, except per
     share data)
    Revenues:
     Domestic Company-owned
      stores                  $120,085                  $122,960
     Domestic franchise         49,473                    51,426
     Domestic distribution     246,970                   262,827
     International              40,871                    41,314
    Total revenues             457,399      100.0%       478,527       100.0%

    Cost of sales:
     Domestic Company-owned
      stores                    96,055                   102,394
     Domestic distribution     222,547                   239,255
     International              21,433                    21,193
    Total cost of sales        340,035       74.3%       362,842        75.8%
    Operating margin           117,364       25.7%       115,685        24.2%

    General and administrative  58,977       12.9%        55,478        11.6%
    Income from operations      58,387       12.8%        60,207        12.6%

    Interest expense, net      (15,458)      (3.4)%     (15,725)        (3.3)%
    Other                       22,084        4.8%       (1,081)        (0.2)%
    Income before provision
     for income taxes           65,013       14.2%       43,401          9.1%

    Provision for income taxes  24,817        5.4%       16,384          3.4%
    Net income                 $40,196        8.8%      $27,017          5.7%

    Earnings per share:
    Common stock - diluted       $0.59                    $0.38



                    Domino's Pizza, Inc. and Subsidiaries
                 Condensed Consolidated Statements of Income

                                           Fiscal Year Ended

                             January 1,  % of Total    January 2,  % of Total
                               2006        Revenues      2005        Revenues
    (In thousands, except
      per share data)
    Revenues:
     Domestic Company-owned
      stores                 $401,008                   $382,458
     Domestic franchise       161,857                    155,030
     Domestic distribution    819,097                    792,026
     International            129,635                    116,983
    Total revenues          1,511,597       100.0%     1,446,497       100.0%

    Cost of sales:
     Domestic Company-owned
     stores                   319,072                    313,586
     Domestic distribution    739,300                    718,937
     International             67,937                     60,293
     Total cost of sales    1,126,309        74.5%     1,092,816        75.6%
    Operating margin          385,288        25.5%       353,681        24.4%

    General and
     administrative           186,184        12.3%       182,302        12.6%
    Income from operations    199,104        13.2%       171,379        11.8%

    Interest expense, net     (47,937)       (3.2)%      (60,487)       (4.2)%
    Other                      22,084         1.5%       (10,832)       (0.7)%
    Income before provision
     for income taxes         173,251        11.5%       100,060         6.9%
    Provision for income
     taxes                     64,969         4.3%        37,773         2.6%
    Net income               $108,282         7.2%       $62,287         4.3%

    As reported:
     Class L common stock
      - diluted                   N/A                     $ 5.57
     Common stock - diluted    $ 1.58                     $ 0.81

    Earnings per share:
     Pro forma:
      Common stock - diluted      N/A                     $ 1.12



                    Domino's Pizza, Inc. and Subsidiaries
                    Condensed Consolidated Balance Sheets

                                          January 1, 2006    January 2, 2005
    (In thousands)
    Assets
    Current assets:
     Cash and cash equivalents                $66,919            $40,396
     Accounts receivable                       74,437             73,138
     Inventories                               24,231             21,505
     Advertising fund assets, restricted       35,643             32,817
     Other assets                              20,116             21,635
    Total current assets                      221,346            189,491

    Property, plant and equipment, net        131,455            136,883

    Other assets                              103,550            120,973

    Total assets                             $456,351           $447,347

    Liabilities and stockholders' deficit
     Current liabilities:
      Current portion of long-term debt       $35,304            $25,295
      Accounts payable                         60,330             55,350
      Advertising fund liabilities             35,643             32,817
      Other accrued liabilities                86,108             76,205
    Total current liabilities                 217,385            189,667

    Long-term liabilities:
     Long-term debt, less current portion     702,358            755,405
     Other accrued liabilities                 47,593             52,155
    Total long-term liabilities               749,951            807,560

    Total stockholders' deficit              (510,985)          (549,880)

    Total liabilities and stockholders'
     deficit                                 $456,351           $447,347



                    Domino's Pizza, Inc. and Subsidiaries
               Condensed Consolidated Statements of Cash Flows

                                                        Fiscal Year Ended
                                                      January 1,   January 2,
                                                        2006         2005
    (In thousands)
    Cash flows from operating activities:
     Net income                                       $108,282     $62,287
     Adjustments to reconcile net income to net
      cash flows provided by operating activities:
      Depreciation and amortization                     32,415      31,705
      (Gains) losses on sale/disposal of assets        (18,998)      1,194
      Amortization of deferred financing costs
       and debt discount                                 3,020       7,808
      Provision for deferred income taxes                  343       8,761
      Other, net                                         5,050       1,491
      Changes in operating assets and liabilities       11,085      (1,060)
    Net cash provided by operating activities          141,197     112,186

    Cash flows from investing activities:
     Capital expenditures                              (28,689)    (39,763)
     Proceeds from sale of equity investment            25,532       1,614
     Other, net                                          3,294       1,879
    Net cash provided by (used in) investing activities    137     (36,270)

    Cash flows from financing activities:
     Proceeds from issuance of long-term debt           40,000          92
     Repayments of long-term debt and capital
      lease obligation                                 (80,343)   (180,708)
     Proceeds from issuance of common stock, net         1,084     119,779
     Proceeds from exercise of stock options             5,553       1,305
     Tax benefit from exercise of stock options         21,504       1,276
     Purchase of common stock                          (75,000)     (1,773)
     Distributions                                           -     (16,880)
     Dividends                                         (26,899)     (4,464)
     Other                                                (482)     (1,254)
    Net cash used in financing activities             (114,583)    (82,627)

    Effect of exchange rate changes on cash
     and cash equivalents                                 (228)        716

    Increase (decrease) in cash and cash equivalents    26,523      (5,995)

    Cash and cash equivalents, at beginning of period   40,396      46,391

    Cash and cash equivalents, at end of period       $ 66,919     $40,396

SOURCE Domino's Pizza, Inc.

Lynn Liddle, Executive Vice President, Communications and Investor Relations of
Domino's Pizza, Inc., +1-734-930-3008

http://www.prnewswire.com