Domino's Pizza (DPZ) 10-K Summary — Year Ended Jan 1, 2023
Domino's Pizza, Inc. operates as a pizza delivery and carryout chain. The filing reports annual revenue growth and positive operating cash flow, with working capital supported by efficient receivable collection and inventory turnover.
Key takeaway
Year ended Jan 1, 2023 · FY2024 10-K
Domino's Pizza, Inc. operates as a pizza delivery and carryout chain. The filing reports annual revenue growth and positive operating cash flow, with working capital supported by efficient receivable collection and inventory turnover.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$4.5B
Revenue reported for the fiscal year.
Operating income
$767.9M
Income from operations reported for the year.
Net income
$452.3M
Net income reported for the year.
Operating cash flow
$475.3M
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 2, 2022 | $4.4B | n/a |
| Jan 1, 2023 | $4.5B | +4.1% |
Business overview
The company is a pizza delivery and carryout chain operating in the U.S. and internationally. Its business model relies on franchise and company-owned stores, with a focus on digital ordering and supply chain operations.
Financial performance
Revenue increased compared to the prior year, driven by global retail sales growth in both U.S. and international segments excluding foreign currency impact. Operating income and net income were reported, and operating cash flow remained positive.
Material risks
The filing identifies risk factors typical for a global restaurant chain, including economic conditions, competition, and supply chain disruptions. No specific new or exaggerated risks were highlighted beyond standard industry concerns.
Liquidity and capital
The company generates positive operating cash flow and maintains working capital through fast receivable collection and inventory turnover. It uses cash flows and variable funding notes to invest, pay dividends, and repurchase shares.
What to watch
Monitor the trend in global retail sales growth, particularly the impact of foreign currency fluctuations on international segment performance.