Changes spur growth at these restaurants

Article Excerpt

DOMINO’S PIZZA $23.67 (New York symbol DPZ; TSINetwork Rating: Average)(734-930-3030; www.dominos.com; Shares outstanding: 60.8 million; Market cap: $1.4 billion; No dividends paid) is the world’s largest chain of pizza stores that offer takeout and delivery. The company operates 9,379 stores in the U.S. and over 70 other countries. Franchisees run most of these outlets. Excluding one-time items, Domino’s earnings per share jumped 20% in the three months ended March 27, 2011, to $0.42 from $0.35. The company paid more for food ingredients, but that was offset by lower costs for labour, rent and interest. Sales rose 2.1%, to $389.2 million from $381.1 million. U.S. same-store sales fell 1.4%. However, international same-store sales gained 8.3%. Domino’s continues to boost its sales by aggressively promoting its “New Inspired Pizza.” The company has changed its main pizza recipe by adding new tomato sauces and cheeses, as well as seasoned crusts. Lots of room for international growth The company’s international sales have risen for 69 consecutive quarters, and they…