Domino’s Pizza

Company profile

Largest pizza company in the world.
Operates more than 22,100 locations in over 90 markets as of December 28, 2025.
Stores operate under two service models: delivery and carryout.
Primarily a franchisor — about 99% of global stores are owned and operated by independent franchisees as of December 28, 2025.
Brand launched as Domino’s Pizza in 1965; first franchised store opened in 1967. The brand has been active for more than 65 years.
Focus areas include value, convenience, quality, product innovation, and extensive use of technology to enhance ordering and operations.

Revenue sources: franchise royalties and fees, supply chain revenues from selling to franchisees, and retail sales from Company-owned stores.
Asset-light model with ongoing cash generation from franchise royalties, supply chain margins, and Company-owned store revenues.
U.S. and international operations rely on a franchisee network; Company-owned stores are used as test sites, training sites, and promotional venues.
U.S. stores contribute to national advertising via the DNAF (National Advertising Fund), funded by a typical 6.0% local marketing assessment (subject to incentives).

U.S. Stores: $1.61 billion in 2025 (32.6% of consolidated revenues).
International Franchise: $338.7 million in 2025 (6.9% of consolidated revenues).
Supply Chain: $2.99 billion in 2025 (60.5% of consolidated revenues).
Total consolidated revenues for 2025 are the sum of the above segment figures (approximately $4.94 billion).

Global: over 22,100 locations in more than 90 markets.
U.S. stores: 7,186 total (6,924 franchised; 262 Company-owned).
International stores: 14,956 franchised stores.
Franchisee base: 754 independent U.S. franchisees. The average U.S. franchisee operated about 9 stores; the largest U.S. franchisee operated 160 stores.

U.S. franchise agreements generally grant a 10-year term with renewal options; renewal rate was 99% in 2025.
U.S. franchise royalties: 5.5% of sales, plus technology fees.
National DNAF contributions average about 6.0% of store sales (subject to incentives).
Company-owned U.S. stores (262) are used for testing, training, and promotions.

Network includes:
- 22 regional dough manufacturing and supply chain centers in the U.S.
- 2 thin crust manufacturing facilities
- 1 vegetable processing center
- 5 regional dough manufacturing and supply chain centers in Canada
The supply chain serves more than 7,800 stores and operates 1,100+ tractors and trailers.
Profit-sharing: participating franchisees and Company-owned stores receive 50% of pre-tax profit from supply chain center operations.
Key supplier relationships and contracts:
- Single major cheese supplier for U.S. operations under a contract from December 2024 through December 2029.
- Major meat toppings supplier under a renegotiated contract in December 2025, expiring December 2027 with a potential one-year extension.
- Coca-Cola is the exclusive beverage supplier under a global agreement through 2030 or until a minimum case threshold is met.
- Global supplier agreement for equipment and supplies; alternative suppliers are available.
Prices and margins in the supply chain can fluctuate with commodity prices; the company has historically passed changes through to stores.

No single customer accounted for more than 10% of total consolidated revenues in 2025, 2024, or 2023.
The largest international master franchisee (Domino’s Pizza Enterprises on the ASX) operated 3,524 stores across 12 markets in 2025, representing about 24% of international stores and 16% of global stores; revenues from this master franchisee represented about 1.4% of consolidated revenues in 2025.

Total employees: approximately 10,200 across all segments (about 4,000 part-time; 6,200 full-time equivalent).
Employee distribution by segment:
- U.S. Company-owned stores and U.S. franchise operations: ~6,000 employees
- Supply chain operations (U.S. and Canada): ~3,200 employees
- International franchise segment: ~100 employees
- Corporate: ~900 employees
Many U.S. franchisees began as delivery drivers or in-store employees; a number attend Franchise Management School to pursue ownership.

Company values: Do the Right Thing; Put People First; Create Inspired Solutions; Champion our Customers; Grow and Win Together.
Stewardship pillars:
- Planet: science-based climate targets, deforestation policy, and a net-zero by 2050 commitment. Near-term targets were approved by SBTi in 2024.
- People: focus on inclusion, business resource groups (BRGs), and benefits including parental leave, fertility support, retirement plans, and wellness programs.
- Pizza (safety and transparency): supplier standards, nutrition disclosure, and animal care standards alongside food safety initiatives.
Philanthropy and community engagement:
- Partnership with St. Jude Children’s Research Hospital since 2004; 2025 contributions around $19 million and total contributions to date approximately $162 million. The goal is to raise $300 million by 2034.
- Partners Foundation supports team members in crisis. Multi-year commitments to hunger relief and agricultural education initiatives such as No Kid Hungry and Future Farmers of America.