DOMINOS PIZZA (DPZ) Company Report

Shares of Domino’s Pizza jumped 17%–23% before a trading halt after reports Bain Capital is considering a A$4 billion takeover bid.
The potential bid implies a 100%+ premium over Domino’s current market valuation of ~A$1.46 billion; no official offer has been made and neither party has commented.
Domino’s reported FY sales down 0.9% to A$4.15 billion and earnings down 4.6% to A$198.1 million, contributing to its depressed share price.
Founder Jack Cowin is transitioning to executive chair as part of leadership changes aimed at stabilizing fundamentals.

Oct 28, 2025, 1:35 AM

Bloomberg

Domino's Pizza low-cost franchise market report forecasts robust growth

DPZ

Global market estimated at US$17.5 B in 2024, projected to US$22.1 B by 2030 at a 4.0% CAGR from 2024–2030.
Rapid expansion driven by ghost kitchens and delivery-only models, with initial franchise investments under USD 30,000 and breakeven in 12–18 months.
Operational efficiency through simplified menus, compact outlets (300–500 sq ft) with 3–5 employees per shift, and centralized digital ordering and procurement.
Growth accelerated by partnerships with food aggregators, expansion into non-traditional locations, and digital engagement of Millennials and Gen Z consumers.

Oct 20, 2025, 2:16 PM

Press Release

Domino’s Pizza reports Q3 2025 results

DPZ

Earnings

Guidance Update

Share Buyback

U.S. retail sales grew 7%, driven by 5.2% same-store sales and net addition of 29 stores, bringing the U.S. system to 7,090 units. International retail sales rose 5.7% ex-FX, with 185 net new stores and 1.7% same-store sales.
Key growth drivers included the Best Deal Ever promotion and Parmesan Stuffed Crust Pizza, while the full Q3 rollout on DoorDash supported a 2.5% delivery comp increase.
Completed refinancing of approximately $1 billion of debt in two $500 million tranches at a blended 5.1% rate, and repurchased 166,000 shares for $75 million, leaving $540 million remaining under the repurchase authorization.
For 2025, global retail sales are expected in line with 2024, with U.S. same-store sales of 3%, international same-store sales of 1–2%, about 175 net new U.S. stores, and operating income growth of 8% (ex-FX).
Launched the first brand refresh in 13 years under the “Hungry for More” identity, went live with the new website and mobile web, and plans app rollouts by year-end to enhance digital ordering.

Oct 14, 2025, 12:30 PM

Transcript

Domino’s Pizza announces Q3 2025 results

DPZ

Earnings

Global retail sales grew 6.3%, with U.S. same-store sales up 5.2% and international same-store sales up 1.7% in Q3 2025.
Total revenues rose 6.2% to $1,147.1 M, driving income from operations up 12.2% to $223.2 M (11.8% ex-FX).
Net income declined 5.2% to $139.3 M, yielding diluted EPS of $4.08 versus $4.19 a year ago.
Free cash flow increased 31.8% to $495.6 M for the first three quarters, and the leverage ratio improved to 4.5x from 4.9x.

Oct 14, 2025, 10:05 AM

8-K

Domino's Pizza announces Q3 2025 results

DPZ

Earnings

Dividends

Share Buyback

Total revenues rose 6.2% to $1,147.1 million, while net income fell 5.2% to $139.3 million and EPS declined 2.6% to $4.08
Global retail sales growth of 6.3% with U.S. same store sales +5.2% and international same store sales +1.7% (ex-FX)
Net store growth of 214 stores in Q3, including 29 in the U.S. and 185 internationally
Declared a $1.74 quarterly dividend; repurchased 165,778 shares for $74.7 million; completed $1 billion refinancing via 5- and 7-year notes

Oct 14, 2025, 10:05 AM

Press Release

Domino’s Pizza faces securities class action over growth guidance

DPZ

Legal Proceedings

Johnson Fistel, PLLP is investigating potential securities law violations by Domino’s Pizza officers and directors following a class action lawsuit alleging materially false and misleading statements about the company’s business and prospects.
The complaint alleges the company’s largest master franchisee, DPE, faced significant challenges with new store openings and closures, making it unlikely Domino’s would meet its previously issued long-term guidance for annual global net store growth.
Plaintiffs claim these misstatements overstated Domino’s business and financial prospects and seek recovery of funds, corporate governance changes, and court-approved incentive awards at no cost.

Aug 27, 2025, 6:14 PM

Press Release

Domino’s Pizza reports FY25 earnings decline amid strategic reset

DPZ

Earnings

Dividends

CEO Change

Reported a strategic reset in FY25 with total network sales slightly down and same-store sales falling 0.2% overall.
Underlying EBIT declined 4.6% and a statutory net loss of A$3.7 million was recorded.
Full-year dividend cut of about 27% to 77 cents per share, including a final unfranked dividend of 21.5 cents.
Leadership change as Jack Cowin assumed the role of Executive Chair following the departure of the previous CEO.
Launched a cost efficiency program to reinvest savings into marketing, franchisee support, and digital capabilities.

Aug 26, 2025, 11:55 PM

CNBC

Domino’s Pizza to issue $1 billion in senior secured notes

DPZ

Debt Issuance

Purchase Agreement: On August 12, 2025, Domino’s Pizza Master Issuer LLC and its Co-Issuers agreed with Barclays Capital Inc. and Guggenheim Securities, LLC to issue $500 million of 4.930% Series 2025-1 Class A-2-I notes (5-year) and $500 million of 5.217% Series 2025-1 Class A-2-II notes (7-year).
Exempt Offering: The notes will be sold in a transaction exempt from registration under the Securities Act of 1933, with closing expected on September 5, 2025, subject to customary conditions.
Documentation: The Purchase Agreement, which includes standard representations, warranties, covenants and indemnification provisions, is filed as Exhibit 99.1.

Aug 13, 2025, 12:00 AM

8-K

Domino’s Pizza announces refinancing transaction

DPZ

Debt Issuance

The company plans to issue $1.0 billion of new securitized notes and use $150 million of cash on hand to repay $742.0 million of 2015-1 Class A-2-II notes, $402.7 million of 2018-1 Class A-2-I notes and all outstanding 2021-1 and 2022-1 variable funding notes at par.
It expects to establish a new $320 million variable funding note facility to replace the existing $200 million 2021-1 and $120 million 2022-1 facilities.
As of June 15, 2025, outstanding letters of credit totaled $56.4 million and there were no borrowings under the current variable funding facilities.
The refinancing is subject to market conditions and is anticipated to close in Q3 2025.

Aug 6, 2025, 12:00 PM

Press Release

Domino’s Pizza reports Q2 2025 results

DPZ

Earnings

Revenue Acceleration/Inflection

Total revenue rose 4.3% to $1.145 billion in Q2 2025
Income from operations increased 14.8% to $225 million, but net income fell 7.7% to $131.1 million and EPS declined to $3.81
Same-store sales grew 3.4% in the U.S. and 2.4% internationally
Effective tax rate rose from 15% to 22.1%, weighing on profitability

Jul 21, 2025, 10:12 AM

Morningstar

Earnings Transcripts

Quarterly earnings call transcripts for DOMINOS PIZZA.