Ann Arbor-based global pizza delivery company Domino’s Pizza today released its 2016 financial results, which included a 12.2 percent increase in domestic store sales since 2015, an increase of 6.3 percent for the international division and a profit of more than $214 million for the year.
The company also had record global net store growth of 1,281 stores in 2016, comprised of 171 new domestic stores and 1,110 new stores internationally.
"I'm extremely proud of our franchisees and operators worldwide, including those who contributed toward back-to-back years of double digit sales growth in the U.S.," says J. Patrick Doyle, Domino's president and CEO. "While these unprecedented results speak for themselves, I am most pleased with the passion and energy we demonstrated throughout 2016 in meeting the challenge of sustained success. The momentum and alignment within our system has never been stronger."
Additionally, the company operates 13,811 stores worldwide, with 5,371 in the U.S. and 8,440 internationally. Domino’s opened 591 new stores and closed 32 in 2016.
On Feb. 15, the board of directors declared a .46 per share quarterly dividend for shareholders of record, representing a 21.1 percent increase over the previous quarterly dividend amount.