![]() ![]() Given the continued inflation we have seen our analytics now indicate we should take pricing on our national Carryout deal as well. ![]() Going from $5.99 to $6.99 on our delivery mix and match deal was the right move. On the Delivery side, the pricing we took on our national offer for Delivery performed as our proprietary research predicted. Most importantly, we continue to see tremendous runway ahead in our carryout business. Carryout same-store sales were up almost 20% versus Q3 of 2021 with a three-year stack of plus 35% versus Q3 of 2019. We continue to grow the Carryout business in the third quarter. That effort has paid off, as NPD shared data shows that we became the number one Carryout pizza brand in the U.S. As you know, while Domino's started as a pizza delivery company, we began targeting the Carryout segment with specific offers in 2011. Carryout continues to be a growth lever and a massive opportunity for us. This represents a sequential improvement in three-year comps, from Q1 and from Q2. And when we look at our business on a three-year stack, which will continue to do for as long as it remains useful to put in perspective any COVID impact, same-store sales were up almost 18% versus Q3 of 2019. All of these are key indicators of short and long-term performance. Our research shows the brand health remains at pre-pandemic levels, and we have maintained our lead over relevant QSR competition, and critical brand health metrics like net promoter score, and taste and value. First and most important, the Domino's brand is as strong as ever. I wanted to start the call by going a little bit more in depth on our U.S. Our team members and franchisees around the world have continued to show the agility and perseverance required to operate in a volatile macroeconomic environment. 44 of our international markets opened at least one net new store, demonstrating the continued strong global demand for Domino. We and our franchisees over 200 net new stores during the quarter and over 1,100 over the trailing four quarters. Excluding the negative impact of foreign currency, global retail sales grew almost 5% in the quarter, resulting in a three-year stack of plus 28% versus Q3 of 2019. ![]() I'm encouraged by our global performance during the third quarter. And thanks to all of you for joining us this morning. With that, I'd like to turn the call over to our Chief Executive Officer, Russell Weiner. ![]() Today's conference call is being webcast and is also being recorded for replay via our website. As such we encourage you to ask only one one-part question on this call. I'll request to our coverage analysts, we want to do our best this morning to accommodate as many of your questions as time permits. In addition, please refer to the 8-K earnings release to find disclosures and reconciliations of non-I financial measures that may be referenced on today's call. For more information, please refer to the risk factors discussed in our filings with the SEC. Both of those documents are available on our website, actual results or trends could differ materially from our forecast. I want to remind everyone that the forward-looking statements in this morning's earnings release and 10-Q also applied to our comments on the call today. As this call is primarily for our investor audience, I ask all members of the media and others to be in a listen-only mode. Today's call will feature commentary from Chief Executive Officer, Russell Weiner and Chief Financial Officer, Sandeep Reddy. Thank you for joining us today for our conversation regarding the results for the third quarter of 2022. I'd now like to hand the conference over to your speaker today to Ryan Goers, Vice President of Finance and Investor Relations. Please be advised that today's conference is being recorded. After the speakers' presentation, there will be a question-and-answer session. At this time, all participants are in a listen-only mode. Welcome to the Third Quarter 2022 Domino's Pizza Earnings Conference Call. Gregory Francfort - Guggenheim Securities Sara Senatore - Bank of America Merrill Lynch ( NYSE: DPZ) Q3 2022 Earnings Conference Call Octo10:00 AM ET ![]()
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