Domino’s Pizza, Inc. (DPZ)
Q4 2008 Earnings Call
February 24, 2009 11:00 am ET
Executives
Lynn M. Liddle – Executive Vice President of Communications and Investor Relations
Wendy A. Beck – Executive Vice President, Chief Financial Officer
David A. Brandon – Chief Executive Officer
Analysts
John Glass – Morgan Stanley
Jeffrey Bernstein – Barclays Capital
Joseph Buckley – Banc of America
John Ivankoe – J.P. Morgan
[Unidentified Analyst] – Citi
Tom Forte – Telsey Advisory Group
Michael Wolleben – Sidoti & Co.
Colin Guheen – Cowen and Company
Presentation
Operator
Welcome everyone to the 2008 fourth quarter and year-end earnings call. (Operator Instructions) I would now like to turn the call over to Lynn Liddle, Executive Vice President of Communications and Investor Relations.
Lynn M. Liddle
Thanks, Amber, and welcome everyone to our fourth quarter and year-end 2008 earnings call. As Amber outlined, we are going to open today with comments from our Chief Financial Officer, Wendy Beck, followed by comments from our Chief Executive Officer, David Brandon. We will be commenting a little bit on our 2009 outlook today, so I will refer you to our safe harbor statement which is in the 8-K and the 10-K for you to look at, and I would also ask that the media be in a listen-only mode this morning.
To start out this morning, I’d like to introduce Wendy Beck, our Chief Financial Officer.
Wendy A. Beck
As you will note from our filings this morning, we once again experienced challenges this quarter in our domestic environment while continuing our strong growth trends in our international division.
Let’s start with the top line. We ask you to remember that revenues alone do not necessarily give you the complete picture of our top-line growth and instead consider global retail sales as a clearer gauge of overall sales and store growth performance. Our global retail sales increased 2.7% during the fourth quarter on a constant dollar basis. This was driven primarily by same-store sales growth in our international business and an increase in worldwide store counts of 47 net units during the fourth quarter and 149 net units over year-end 2007. Our international division has grown to comprise over 40% of our global retail sales.
