Successful Launch of Parmesan Stuffed Crust Pizza
Domino's introduced a new menu item, Parmesan Stuffed Crust pizza, which has received positive consumer feedback and is expected to drive market share growth. Although it didn't significantly impact Q1, the company anticipates long-term benefits.
Partnership with DoorDash
Domino's announced a partnership with DoorDash, the largest aggregator in the US, to expand its delivery reach, expecting a 50% incrementality from this collaboration.
International Sales Growth
International retail sales grew 8.2%, driven by strong performance in Asia, particularly in India, and in the Americas region, notably in Canada.
Record Share Repurchase
Domino's repurchased approximately 115,000 shares at an average price of $434, totaling $50 million, with $764 million remaining on its share repurchase authorization.