Domino's Pizza, Inc. (NYSE:DPZ) Q1 2024 Earnings Conference Call April 29, 2024 8:30 AM ET

Company Participants

Greg Lemenchick - Vice President of Investor Relations
Russell Weiner - Chief Executive Officer
Sandeep Reddy - Chief Financial Officer

Conference Call Participants

Andrew Charles - TD Cowen
Dennis Geiger - UBS
Brian Bittner - Oppenheimer
Sara Senatore - Bank of America
David Palmer - Evercore ISI
Lauren Silberman - Deutsche Bank
Danilo Gargiulo - Bernstein
Gregory Francfort - Guggenheim
John Ivankoe - JPMorgan
Chris O'Cull - Stifel
Andrew Strelzik - BMO Capital Markets
David Tarantino - Baird
Brian Harbour - Morgan Stanley
Peter Saleh - BTIG
Jon Tower - Citi
Jeffrey Bernstein - Barclays
Meredith Jensen - HSBC
Alex Slagle - Jefferies
Jim Salera - Stephens

Operator

Thank you for standing by, and welcome to Domino's Pizza's First Quarter 2024 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] As a reminder, today's program is being recorded.

And now, I'd like to introduce your host for today's program, Mr. Greg Lemenchick, Vice President of Investor Relations. Please go ahead, sir.

Greg Lemenchick

Good morning, everyone. Thank you for joining us today for our first quarter conference call.

Today's call will begin with our Chief Executive Officer, Russell Weiner, followed by our Chief Financial Officer, Sandeep Reddy. The call will conclude with a Q&A session.

The forward-looking statements in this morning's earnings release and 10-Q, both of which are available on our IR website, also apply to our comments on the call today. Actual results or trends could differ materially from our forecast. For more information, please refer to the risk factors discussed in our filings with the SEC.

In addition, please refer to the 8-K earnings release to find disclosures and reconciliations of non-GAAP financial measures that may be referenced on today's call.

This morning's conference call is being webcast and is also being recorded for replay via our website. We want to do our best this morning to accommodate as many of your questions as time permits. As such, we encourage you to ask one question only.

With that, I'd like to turn the call over to Russell.

Russell Weiner

Thanks, Greg, and good morning, everybody.

Our Q1 results demonstrated that our Hungry for MORE strategy is delivering on its promise, driving more sales, more stores and more profit. We drove strong comp performance in the U.S. that flowed through to the bottom-line with double-digit profit growth. And our growth in the U.S. came through positive order counts across all income cohorts in both our carryout and delivery segments. We saw the largest growth in our lower-income cohorts that are undoubtedly benefiting from the renowned value that we're offering.