Domino’s Pizza looking for a new finance head as same-store sales soar

The chief financial officer of Domino's Pizza is stepping down.

Domino’s, the largest pizza company in the world based on global retail sales, announced Jeffrey D. Lawrence, executive VP and CFO, will retire from Domino's after more than 20 years of service. He has served in his current position for the last five years. 

Lawrence will continue serving as CFO until the company identifies his successor. He will then step down from his role and will serve as an advisor to Domino's CEO Ritch Allison until the end of 2020. 

In separate news, Domino's reported fiscal second-quarter net income of $118.7 million, or $2.99 per share, up from $92.4 million, or $2.19 per share, in the year-ago period. Net sales rose 13.4% to $920. U.S. same-store sales jumped by 16.1%.

, Domino’s added 39 net new stores in the U.S. this spring and another 45 new locations internationally, 

With more than 17,100 stores in over 90 markets. Domino's had global retail sales of over $14.3 billion in 2019, with over $7.0 billion in the U.S.