Domino's Pizza (DPZ) 10-K Summary — Year Ended Dec 31, 2023
Domino's Pizza reported stable annual revenue with a slight decline in the most recent period, while operating and net income remained strong. The company continues to generate positive operating cash flows, supported by global retail sales growth and efficient working capital management.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Domino's Pizza reported stable annual revenue with a slight decline in the most recent period, while operating and net income remained strong. The company continues to generate positive operating cash flows, supported by global retail sales growth and efficient working capital management.
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
$819.5M
Income from operations reported for the year.
Net income
$519.1M
Net income reported for the year.
Operating cash flow
$590.9M
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% |
| Dec 31, 2023 | $4.5B | -1.3% |
Business overview
Domino's Pizza operates as a pizza delivery and carryout chain through a network of company-owned and franchised stores. The company's primary business is in the United States and international markets, focusing on pizza and other food items. The filing does not provide additional details on the specific product mix or store count.
Financial performance
Revenue remained essentially flat year over year after a modest increase in the prior period. Operating income and net income reflected continued profitability, and operating cash flows were positive. Global retail sales grew in both U.S. and international segments, excluding currency effects.
Material risks
The filing identifies general risk factors but does not provide specific details on material risks beyond what is typical for the industry. No unique or company-specific risks are elaborated in the supplied context.
Liquidity and capital
The company relies on operating cash flows and two variable funding note facilities for liquidity. Working capital is efficiently managed due to fast receivable collections and inventory turnover, with no significant seasonal variation.
What to watch
Monitor the trend in global retail sales growth, particularly if currency-adjusted growth continues in both U.S. and international segments.