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Domino’s Rises as International Sales Fuel Profit Jump

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July 24 (Bloomberg) -- Domino’s Pizza Inc. rose after second-quarter earnings topped analysts’ estimates on increasing international sales.

The company advanced 3 percent to $32.96 at the close in New York. The shares have dropped 2.9 percent this year.

Net income rose 11 percent to $28.1 million, or 47 cents a share, from $25.2 million, or 40 cents, a year earlier, the Ann Arbor, Michigan-based company said in a statement today.

Domino’s has sought to boost sales by accelerating store openings abroad in nations such as India, Turkey and the U.K. Same-store sales at its international eateries rose 5.7 percent in the quarter, while comparable sales at domestic locations increased 1.7 percent, the company said in the statement.

Same-store sales are considered a key indicator of a retailer’s growth because they include only older locations.

The company has about 10,000 stores worldwide, including about 4,900 in the U.S.

To contact the reporter on this story: Leslie Patton in Chicago at lpatton5@bloomberg.net

To contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net

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