1996 best year yet for Domino's Pizza; record profits on worldwide gross sales of $2.8 billion.ANN ARBOR Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Mich.--(BUSINESS WIRE)--March 25, 1997--Domino's Pizza Inc. today reported record pre-tax profits of $50.6 million for the 1996 fiscal year ended Dec. 31, 1996, up 36 percent from the previous record of $37.2 million of fiscal year 1995. Worldwide gross sales Gross Sales A measure of overall sales that isn't adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. for Domino's Pizza For Domino's Pizza in Australia, New Zealand, France, Belgium, the Netherlands and the Principality of Monaco, see . Domino's Pizza, LLC (NYSE: DPZ) (LSE: DOM) is an international pizza delivery corporation headquartered just outside Ann Arbor, Michigan, United Inc. increased over 10 percent, and exceeded $2.8 billion in 1996. U.S. same store sales Same Store Sales A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more. Notes: This statistic allows investors to determine what portion of new sales has come from sales growth and what portion from the opening of increased nearly 7 percent, while same store sales in the company's international units international units, n.pl a unit of measurement that evaluates the potency of a substance. Because it measures potency instead of quantity, there is a different international unit-to-mg conversion ratio for each particular substance. were up over 5 percent. Gross sales for the company's international units exceeded $500 million for the first time. "We believe the return to focusing on our core business -- pizza delivery “Pizza box” redirects here. For the computer form factor, see Pizza box form factor. Pizza delivery is the service of delivering a pizza to a customer. Pizza delivery presents hazards such as robbery and murder. -- coupled with great new products and strong international growth accounted for our tremendous results in 1996," said Harry Silverman, Domino's chief financial officer. "The limited-time product introductions of Roma Herb and Garlic Crunch Crust pizzas added excitement to our menu, and reinforced our focus on pizza quality and delivery excellence." Domino's Pizza opened more than 300 new stores in 1996, and ended the year with 5,560 stores open in 54 international markets. The majority of new store openings occurred in international markets, as Domino's entered nine new countries, including Greece, India, Turkey and Scotland. Domino's Pizza Inc. was founded in 1960 by Thomas S. Monaghan, and is recognized as the world leader in pizza delivery. The company, with more than 1,200 franchisees, operates 5,560 stores in 54 international markets. CONTACT: Domino's Pizza, Ann Arbor Tim McIntyre, 313/930-3563 |
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