Live News • May 14
Domino’s Shares Drop After Sales Miss and Guidance Cut Despite US$1b Buyback Domino’s Pizza reported Q1 2026 U.S. same-store sales growth of 0.9%, which was below analyst expectations of about 2.3%.
International same-store sales declined 0.4%, with pressure linked in part to operational issues at the company’s largest franchisee.
Management cut full-year U.S. same-store sales guidance to low-single digits, announced a US$1b share buyback, and said it plans new menu items and marketing shifts. Some analysts trimmed price targets, while others maintained a moderate buy stance.
The key tension is that operational and competitive headwinds are weighing on near-term sales, even as management signals confidence through a substantial buyback and a focus on product and marketing changes.
It may be useful to watch whether the international franchise issues ease and whether new menu and marketing efforts start to show up in same-store sales trends before forming a stronger view on the stock’s risk and reward profile. Buy Or Sell Opportunity • May 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to US$323. The fair value is estimated to be US$413, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 9.6%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 7.3% per annum over the same time period. Declared Dividend • Apr 29
First quarter dividend of US$1.99 announced Shareholders will receive a dividend of US$1.99. Ex-date: 15th June 2026 Payment date: 30th June 2026 Dividend yield will be 2.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 28
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: US$4.16 (down from US$4.37 in 1Q 2025). Revenue: US$1.15b (up 3.5% from 1Q 2025). Net income: US$139.8m (down 6.6% from 1Q 2025). Profit margin: 12% (down from 14% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 28
Price target decreased by 7.6% to US$432 Down from US$468, the current price target is an average from 31 analysts. New target price is 29% above last closing price of US$335. Stock is down 32% over the past year. The company is forecast to post earnings per share of US$19.48 for next year compared to US$17.69 last year. Announcement • Apr 27
Domino's Pizza, Inc. (NasdaqGS:DPZ) announces an Equity Buyback for $1,000 million worth of its shares. Domino's Pizza, Inc. (NYSE:DPZ) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common shares. Announcement • Apr 07
Domino's Pizza Inc. Offers Exclusive Access to Shinola Merchandise and Launches New Slice Sauce Domino's Pizza Inc. had given away free Slice Sauce with any online purchase of Handmade Pan or Parmesan Stuffed Crust Pizza now through June 14. Domino's Pizza Inc. is offering customers exclusive access to a curated selection of black and gold Shinola timepieces and leather goods to celebrate the launch of Domino's new Slice Sauce – a creamy, craveable dip made to level up every bite of pizza – which also comes in premium black and gold packaging. Customers who order Handmade Pan or Parmesan Stuffed Crust Pizza now through May 7, 2026, will receive password-only access to shop select Shinola styles at a preferred rate when the collection goes live on May 8 at shinola.com/dominos. The assortment features a range of Shinola favorites customized with subtle Domino's design details, presented in custom black and gold packaging. Items include: 39mm Mechanic Watch ($1,350), 40mm Canfield Sport Chronograph Watch ($1,165), 45mm Canfield Sport Chronograph Watch ($975), 41mm Runwell Watch - Black Mother of Pearl ($600), 36mm Runwell Watch - Mother of Pearl ($600), 36mm Runwell Watch ($565), Zip Travel Kit ($225), Laptop Tech Case ($225), Trifold Wallet ($170), Five-Pocket Card Holder ($115). The special offering from Shinola comes on the heels of Domino's introduction of Slice Sauce: the brand's first-ever sauce designed specifically to take every bite of pizza to the next level, whether you dip it, dunk it or drizzle it. It's creamy and zesty with a hint of Parmesan, and pairs perfectly with Domino's most craveworthy pizzas, so much so that the brand is giving away a free Slice Sauce with every Handmade Pan or Parmesan Stuffed Crust Pizza purchased online now through June 14. Customers who order Handmade Pan or Parmesan Stuffed Crust Pizza will also unlock access to a black and gold Domino's Tracker, for an even more premium experience. To receive a free Slice Sauce with the purchase of a Handmade Pan or Parmesan Stuffed Crust Pizza and unlock access to the Domino's and Shinola collection, customers can order through Domino's app or at dominos.com. Announcement • Mar 27
Domino's Pizza, Inc. to Report Q1, 2026 Results on Apr 27, 2026 Domino's Pizza, Inc. announced that they will report Q1, 2026 results at 6:05 AM, US Eastern Standard Time on Apr 27, 2026 Announcement • Mar 24
Domino's Pizza Inc. Updates Tracker With New Features Domino's Pizza Inc. revolutionized the customer experience by launching its innovative, industry-first Tracker in 2008. Domino's Tracker® now features the following enhancements: A more precise ready time based on new AI technology, Live Activities for iOS users, and a new look and feel with a clearer, more detailed view of each order's progress. In addition to a new look and feel, Tracker's updated features include: A More Precise Ready Time. Customers can now see a more precise time as to when their order will be ready for pickup or delivery. This improved, smarter technology powered by DomOS, Domino's proprietary operating system, uses a custom AI order-tracking engine that blends multiple real-time inputs from store team members with machine learning models to ensure the most accurate time estimate. Live Activities for iOS Users. Domino's is taking pizza tracking to the next level with the launch of Live Activities, making tracking easier, faster and more intuitive for millions of iPhone users nationwide. With Live Activities, Domino's Tracker updates are even closer to customers' fingertips, as iPhone users can follow their order's progress right from the Lock Screen – no app switching required. From order placed, to out for delivery, key tracker stages and live driver location updates will stay front and center. Streamlined Tracking Stages with More Details. Domino's Tracker now features simplified stages – "placed," "make," "deliver" or "pick up" (depending on if the order is for delivery or carryout), and "mmm!" – with additional information displayed underneath. Customers will have more insight into every stage of their order than ever before. With a single tap, customers can dive deeper to view order details, store information and a step-by-step breakdown of their order's progress. With a single tap, customers can dive deeper to view order details, store information and a step-by-step breakdown of their order's progress. They can even see what time their order was placed in the oven, what time their driver left the store, track their driver via GPS and follow a car progress bar. Recent Insider Transactions Derivative • Mar 12
Executive VP & CFO notifies of intention to sell stock Sandeep Reddy intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of March. If the sale is conducted around the recent share price of US$400, it would amount to US$1.2m. Since March 2025, Sandeep has owned 5.14k shares directly. Company insiders have collectively sold US$3.8m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Mar 11
Domino's Pizza, Inc., Annual General Meeting, Apr 21, 2026 Domino's Pizza, Inc., Annual General Meeting, Apr 21, 2026. Declared Dividend • Feb 25
Fourth quarter dividend increased to US$1.99 Dividend of US$1.99 is 14% higher than last year. Ex-date: 13th March 2026 Payment date: 30th March 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 23
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: US$17.69 (up from US$16.83 in FY 2024). Revenue: US$4.94b (up 5.0% from FY 2024). Net income: US$601.7m (up 3.0% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year and the company’s share price has also increased by 11% per year. Announcement • Feb 23
Domino's Pizza, Inc. Declares Quarterly Dividend on its Outstanding Common Stock, Payable on March 30, 2026 Subsequent to the end of the fourth quarter of 2025, on February 18, 2026, the Board of Directors of Domino's Pizza, Inc. approved a 15% increase to its per share quarterly dividend and a $1.99 per share quarterly dividend was declared on its outstanding common stock for shareholders of record as of March 13, 2026, to be paid on March 30, 2026. Announcement • Feb 21
Domino's Pizza, Inc. Announces Retirement of James A. Goldman as Director On February 18, 2026, Domino's Pizza, Inc. announced that James A. Goldman informed Domino's Pizza, Inc. that, after more than 15 years of service on the Company's Board of Directors, he has decided to retire from the Board and thus shall not stand for re-election to the Board at the Company's 2026 Annual Meeting of Shareholders in April. Mr. Goldman will continue to serve on the Board through the remainder of his current term. Announcement • Jan 23
Domino's Pizza, Inc. to Report Q4, 2025 Results on Feb 23, 2026 Domino's Pizza, Inc. announced that they will report Q4, 2025 results at 6:05 AM, US Eastern Standard Time on Feb 23, 2026 Buy Or Sell Opportunity • Jan 13
Now 22% overvalued Over the last 90 days, the stock has fallen 2.0% to US$416. The fair value is estimated to be US$342, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.5% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings are also forecast to grow by 7.0% per annum over the same time period. Recent Insider Transactions Derivative • Dec 18
Insider notifies of intention to sell stock Kelly Garcia intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of December. If the sale is conducted around the recent share price of US$434, it would amount to US$2.1m. Since March 2025, Kelly has owned 4.32k shares directly. Company insiders have collectively sold US$7.0m more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Dec 08
Upcoming dividend of US$1.74 per share Eligible shareholders must have bought the stock before 15 December 2025. Payment date: 26 December 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of American dividend payers (4.4%). In line with average of industry peers (1.8%). Buy Or Sell Opportunity • Dec 02
Now 20% overvalued Over the last 90 days, the stock has fallen 9.3% to US$424. The fair value is estimated to be US$353, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.5% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 7.2% per annum over the same time period. Announcement • Nov 26
Domino's Pizza, Inc. Announces Resignation of C. Andrew Ballard as A Member of the Board of Directors, Effectively November 19, 2025 On November 19, 2025, C. Andrew Ballard, a member of the Board of Directors (the “Board”) of Domino’s Pizza, Inc. (the “Company”), notified the Company of his resignation as a member of the Board effective immediately. Mr. Ballard’s resignation from the Board is not the result of any disagreement with the Company’s operations, policies or practices. Announcement • Nov 10
Domino's Pizza Inc. and Retta Team Up on Tv Ads A new, mouthwatering pizza has just joined Domino's Pizza Inc.'s lineup of Specialty Pizzas. Starting November 10, 2025, customers can enjoy Domino's Spicy Chicken Bacon Ranch Pizza - a delicious pizza made with grilled chicken breast, creamy ranch, smoked bacon, jalapenos, proteone, cheese made with 100% real mozzarella and topped with a drizzle of Buffalo sauce. The new Spicy Chicken Bacon Ranch Pizza joins Domino's existing lineup of 10 other Specialty Pizzas, including The People's Pizza-Deluxe, Philly Cheese Steak, Pacific Veggie and more. Customers can try the new pizza, as well as any other medium Specialty Pizza, for just $9.99 each when they select Domino's Mix and Match deal. Domino's and Retta are teaming up on TV ads, which will begin airing in the coming weeks, to let customers know that now they can treat themselves to Specialty Pizzas any day of the year. Declared Dividend • Oct 16
Third quarter dividend of US$1.74 announced Shareholders will receive a dividend of US$1.74. Ex-date: 15th December 2025 Payment date: 26th December 2025 Dividend yield will be 1.7%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 15
Domino's Pizza, Inc. Announces Quarterly Dividend, Payable on December 26, 2025 Domino's Pizza, Inc. announced that Subsequent to the end of the third quarter of 2025, on October 7, 2025, the Company's Board of Directors declared a $1.74 per share quarterly dividend on its outstanding common stock for shareholders of record as of December 15, 2025, to be paid on December 26, 2025. Reported Earnings • Oct 14
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: US$4.08 (down from US$4.22 in 3Q 2024). Revenue: US$1.15b (up 6.2% from 3Q 2024). Net income: US$139.3m (down 5.2% from 3Q 2024). Profit margin: 12% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 9% per year. Announcement • Sep 16
Domino's Pizza, Inc. to Report Q3, 2025 Results on Oct 14, 2025 Domino's Pizza, Inc. announced that they will report Q3, 2025 results at 6:05 AM, US Eastern Standard Time on Oct 14, 2025 Upcoming Dividend • Sep 08
Upcoming dividend of US$1.74 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (1.7%). Announcement • Sep 02
Domino's®? Introduces Two New Delectable Flavors of Bread Bites Domino's Pizza Inc. is bringing more oven-baked delicious to its customers by launching two new Bread Bite flavors: Cinnamon and Garlic. Domino's oven-baked Bread Bites are handmade from fresh buttery-tasting dough. Parmesan, Cinnamon, and Garlic Bread Bites come in orders of 16 or 32. The 32-piece orders of Bread Bites are included in Domino's Mix & Match Deal, in which customers can choose any two or more menu items from within the offer for $6.99 each. Declared Dividend • Jul 23
Second quarter dividend of US$1.74 announced Shareholders will receive a dividend of US$1.74. Ex-date: 15th September 2025 Payment date: 30th September 2025 Dividend yield will be 1.4%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 22
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: US$3.84 (down from US$4.07 in 2Q 2024). Revenue: US$1.15b (up 4.3% from 2Q 2024). Net income: US$131.1m (down 7.7% from 2Q 2024). Profit margin: 11% (down from 13% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.6%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year. Announcement • Jul 07
Domino's Unveils Secret Menu Pizzas Domino's Pizza Inc. is bringing back its "Best Deal Ever" promotion! Customers can enjoy any pizza with any toppings for $9.99 each when they order online between July 7- Aug. 3. Domino's $9.99 deal includes Hand Tossed, Handmade Pan, New York Style, Gluten Free and Crunchy Thin Crust, as well as an assortment of sauces and toppings. Announcement • Jul 01
Domino's Pizza, Inc. Elects Stephen Kramer to Board of Directors Domino's Pizza, Inc. announced the election of Stephen H. Kramer to its Board of Directors. Kramer currently serves as President, Chief Executive Officer and a member of the Board of Directors of Bright Horizons Family Solutions Inc. He has served as CEO and board member since January 2018 and as President since January 2016. Kramer joined Bright Horizons in September 2006 through the acquisition of College Coach, a company he co-founded. Earlier in his career, Kramer worked at Fidelity Ventures and Arthur D. Little. Announcement • Jun 20
Domino's Pizza, Inc. to Report Q2, 2025 Results on Jul 21, 2025 Domino's Pizza, Inc. announced that they will report Q2, 2025 results at 6:05 AM, US Eastern Standard Time on Jul 21, 2025 Upcoming Dividend • Jun 06
Upcoming dividend of US$1.74 per share Eligible shareholders must have bought the stock before 13 June 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (1.9%). Board Change • Jun 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Diane Cafritz was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Apr 30
First quarter dividend of US$1.74 announced Shareholders will receive a dividend of US$1.74. Ex-date: 13th June 2025 Payment date: 30th June 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 28
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: US$4.37 (up from US$3.62 in 1Q 2024). Revenue: US$1.11b (up 2.5% from 1Q 2024). Net income: US$149.7m (up 19% from 1Q 2024). Profit margin: 14% (up from 12% in 1Q 2024). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 6.3%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Announcement • Mar 28
Domino's Pizza, Inc. to Report Q1, 2025 Results on Apr 28, 2025 Domino's Pizza, Inc. announced that they will report Q1, 2025 results at 6:05 AM, US Eastern Standard Time on Apr 28, 2025 Recent Insider Transactions • Mar 17
Insider recently sold US$918k worth of stock On the 11th of March, Kelly Garcia sold around 2k shares on-market at roughly US$436 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$3.0m. Insiders have been net sellers, collectively disposing of US$11m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Mar 13
Executive VP & CTO notifies of intention to sell stock Kelly Garcia intends to sell 2k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of March. If the sale is conducted around the recent share price of US$436, it would amount to US$918k. Since June 2024, Kelly's direct individual holding has increased from 5.23k shares to 5.53k. Company insiders have collectively sold US$16m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Mar 11
Domino's Pizza, Inc. Announces Executive Promotions Domino's Pizza Inc. announce the promotion of three company executives into new roles. Joseph Jordan is being elevated to the position of chief operating officer and president Weiking Ng is being promoted to executive vice president – International, and Ryan Mulally is being promoted to executive vice president – general counsel and corporate secretary. All three executives will report to Russell Weiner, Domino's chief executive officer. Jordan will serve as the Company's chief operating officer and president – Domino's U.S., overseeing domestic operations and marketing, while expanding his existing oversight of global services to now include Domino's technology. Jordan has served as Domino's president, U.S. and global services since May 2022. He previously served in roles including executive vice president of Domino's International and senior vice president and chief marketing officer, having joined the company as vice president of innovation in 2011. Prior to joining the Company, Jordan served as senior director of marketing at Pepsi-Cola North America, and also held marketing roles at Philips Electronics and Unilever, as well as spending time as a consultant for Accenture. He serves on the Board of Directors of The Boston Beer Company Inc. Ng will move into the role of executive vice president – International, effective April 1. He will be responsible for overseeing the Domino's business and franchise relationships that span more than 90 countries around the world. He most recently served as Domino's vice president – International for Asia, Middle East and Africa. Ng joined Domino's international business team in 2020. He came to Domino's from Hilton, where he served as vice president – APAC strategy, and has previously held leadership roles at McDonald's, as well as time as a management consultant for Boston Consulting Group and Accenture. Mulally is being elevated to executive vice president – general counsel and corporate secretary, effective March 15, after most recently serving as vice president – assistant general counsel since 2018. He draws upon decades of extensive legal experience that includes leading Domino's litigation team and responsibility for franchise and corporate standards. Prior to joining Domino's in 2008, he was a partner with Dickinson Wright in Detroit, Michigan. Recent Insider Transactions • Mar 10
Independent Director recently sold US$3.0m worth of stock On the 3rd of March, Andrew Balson sold around 6k shares on-market at roughly US$492 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$10m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Mar 04
Independent Director notifies of intention to sell stock Andrew Balson intends to sell 6k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of March. If the sale is conducted around the recent share price of US$492, it would amount to US$3.0m. Since March 2024, Andrew's direct individual holding has decreased from 53.14k shares to 44.37k. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Feb 26
Fourth quarter dividend increased to US$1.74 Dividend of US$1.74 is 15% higher than last year. Ex-date: 14th March 2025 Payment date: 28th March 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 24
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: US$16.83 (up from US$14.80 in FY 2023). Revenue: US$4.71b (up 5.1% from FY 2023). Net income: US$584.2m (up 13% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 24
Domino's Pizza, Inc. Announces Quarterly Dividend, Payable on March 28, 2025 Domino's Pizza, Inc. approved a 15% increase to its per share quarterly dividend and a $1.74 per share quarterly dividend was declared on its outstanding common stock for shareholders of record as of March 14, 2025, to be paid on March 28, 2025. Announcement • Feb 22
Diana F. Cantor Decides Not Stand for Re-Election to the Board of Domino's Pizza, Inc On February 18, 2025, Diana F. Cantor informed Domino's Pizza, Inc. that, after nearly twenty years of service on the company's Board of Directors, she has decided to retire from the Board and thus shall not stand for reelection to the Board at the company's 2025 Annual Meeting of Shareholders in April. Ms. Cantor will continue to serve on the Board through the remainder of her current term. The Board thanks Ms. Cantor for her years of service, dedication to the Board, and her many contributions to the company. Buy Or Sell Opportunity • Feb 13
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to US$480. The fair value is estimated to be US$394, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 8.1%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period. Announcement • Jan 22
Domino's Pizza, Inc. to Report Q4, 2024 Results on Feb 24, 2025 Domino's Pizza, Inc. announced that they will report Q4, 2024 results at 6:05 AM, Eastern Standard Time on Feb 24, 2025 Announcement • Dec 13
Domino’s Among Four Bidders Reportedly Targeting Wingstop UK Takeover Four bidders, including Domino's Pizza, Inc. (NYSE:DPZ), are circling to snap up fried chicken chain Wingstop’s (Wingstop Inc. (NasdaqGS:WING)) UK operation. It is understood the sale process could value Wingstop’s UK franchise at around £400 million. US investment group Sixth Street (Sixth Street Partners, LLC) and private equity firms KKR (KKR & Co. Inc. (NYSE:KKR)) and TSG Consumer Partners (TSG Consumer Partners, LP) are also targeting a potential takeover deal. Suitors for the business have a deadline of December 16 to table their final bids in order to strike a deal. Wingstop currently runs 56 sites across the UK after opening 17 sites this year as part of a rapid expansion programme. It was launched in the UK by Tom Grogan, Saul Lewin and Herman Sahota – who still hold a minority stake in the firm. The New York-listed Wingstop group operates more than 2,000 branches across its main US operation. The group holds a minority stake in UK master franchisee Lemon Pepper Holdings. The growing popularity for Wingstop comes amid continued growth by chicken chains in the UK, with Popeyes also rapidly opening new sites and new players such as Dave’s Hot Chicken and Chick-fil-A entering the market. Domino’s Pizza is among the potential buyers for Wingstop. In an investor presentation last December, Domino’s said that it would focus on growing its core pizza business but would also consider taking on a second brand if it saw “synergies” with its existing assets. Wingstop UK and Dominos Pizza group declined to comment. Sixth Street, KKR and TSG Consumer Partners have been contacted for comment. Upcoming Dividend • Dec 06
Upcoming dividend of US$1.51 per share Eligible shareholders must have bought the stock before 13 December 2024. Payment date: 27 December 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (1.8%). Recent Insider Transactions • Nov 21
Executive VP recently sold US$1.2m worth of stock On the 15th of November, Kevin Morris sold around 3k shares on-market at roughly US$459 per share. This transaction amounted to 90% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$3.0m. Insiders have been net sellers, collectively disposing of US$6.4m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Nov 21
Executive VP notifies of intention to sell stock Kevin Morris intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of November. If the sale is conducted around the recent share price of US$459, it would amount to US$1.2m. Since March 2024, Kevin's direct individual holding has increased from 2.83k shares to 2.94k. Company insiders have collectively sold US$18m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 15
Independent Director recently sold US$1.4m worth of stock On the 11th of November, Diana Cantor sold around 3k shares on-market at roughly US$456 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$3.0m. Insiders have been net sellers, collectively disposing of US$5.2m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Nov 13
Independent Director notifies of intention to sell stock Diana Cantor intends to sell 3k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of November. If the sale is conducted around the recent share price of US$456, it would amount to US$1.4m. Since December 2023, Diana's direct individual holding has increased from 8.40k shares to 8.93k. Company insiders have collectively sold US$16m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Oct 23
Domino’s Pizza, Inc. Announces Executive Changes On October 16, 2024, Arthur P. D’Elia, Executive Vice President, International of Domino’s Pizza, Inc., resigned from his position as Executive Vice President, International effective immediately to pursue opportunities outside of the Company. Mr. D’Elia has agreed to remain an employee of the Company through March 31, 2025 to serve in an advisory capacity and assist in the transition of his duties and will continue to be eligible for compensation during such period in accordance with the terms of his employment agreement with the Company. Effective immediately and until the Company appoints a successor Executive Vice President, International, the Company’s international business will be overseen by Joseph H. Jordan, the Company’s President, U.S. & Global Services, who previously served as the Company’s Executive Vice President, International from April 2018 to April 2022. New Risk • Oct 18
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$3.1m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Negative equity (-US$4.0b). Minor Risk Significant insider selling over the past 3 months (US$3.1m sold). Recent Insider Transactions • Oct 18
Independent Director recently sold US$3.0m worth of stock On the 15th of October, Andrew Balson sold around 7k shares on-market at roughly US$428 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$3.7m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Oct 17
Independent Director notifies of intention to sell stock Andrew Balson intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of October. If the sale is conducted around the recent share price of US$428, it would amount to US$3.0m. Since December 2023, Andrew's direct individual holding has increased from 53.14k shares to 53.67k. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Oct 17
Domino's Pizza, Inc. Announces the Promotion of Kate Trumbull as Executive Vice President and Chief Marketing Officer, Effective November 1, 2024 Domino's Pizza Inc. announced the promotion of Kate Trumbull to Executive Vice President, Chief Marketing Officer, effective November 1, 2024. In her new role, Trumbull will oversee global marketing and continue to report to Joe Jordan, President, U.S. and Global Services. Additionally, Risa O'Hara and the international marketing team will report to Trumbull as part of this expanded global marketing organization. Trumbull joined Domino's in 2011 from Procter & Gamble, where she worked on several iconic brands, including Tide and Gain. During her 13-year tenure at Domino's, Trumbull has held multiple leadership roles, progressing from Program Leader of Hispanic Marketing to Director of Loyalty, to Director of Digital Advertising, and to Vice President of Advertising. Most recently, in March 2023, she was appointed Senior Vice President and Chief Brand Officer, overseeing advertising, media, product innovation, and national sales. Throughout her career at Domino's, Trumbull has spearheaded key marketing initiatives that have become synonymous with the brand's innovation and customer-centric focus. Notable campaigns include Domino's Carryout Tips, Domino's Emergency Pizza, Domino's Pinpoint Delivery®, Quality Captains, New York Style Pizza and the company's revamped loyalty program, Domino's® Rewards. Declared Dividend • Oct 13
Dividend of US$1.51 announced Shareholders will receive a dividend of US$1.51. Ex-date: 13th December 2024 Payment date: 27th December 2024 Dividend yield will be 1.4%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 
