DOMINOS PIZZA INC Segments Disclosure
The Company has three reportable segments: (i) U.S. stores; (ii) supply chain; and (iii) international franchise.
The Company’s operations are organized by management on the combined basis of line of business and geography. The U.S. stores segment includes operations with respect to all franchised and Company-owned stores throughout the U.S. The supply chain segment primarily includes the distribution of food, and to a lesser extent, other products, from the Company’s supply chain center operations in the U.S. and Canada. Over 90% of the Company’s supply chain revenues are attributable to the U.S. The international franchise segment includes operations related to the Company’s franchising business in foreign markets. The accounting policies of the reportable segments are the same as those described in Note 1. The Company’s chief operating decision maker is its Chief Executive Officer, and he evaluates the performance of the Company’s segments and allocates resources to them based on revenues and earnings before interest, taxes, depreciation, amortization and other, referred to as Segment Income. The Company’s chief operating decision maker uses Segment Income to determine future business objectives and targets and for long-range planning for the reportable segments, as well as to evaluate their operating performance.
The tables below summarize the financial information, including revenues, significant segment expenses, Segment Income and capital expenditures, concerning the Company’s reportable segments for fiscal years 2025, 2024 and 2023. Intersegment revenues are comprised of sales of food, and to a lesser extent, other products, from the supply chain segment to the Company-owned stores in the U.S. stores segment. Intersegment sales prices are market based.
|
|
Fiscal year ended December 28, 2025 |
|
|||||||||||||
|
|
U.S. |
|
|
Supply |
|
|
International |
|
|
Total |
|
||||
U.S. Company-owned stores |
|
$ |
375,153 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
375,153 |
|
U.S. franchise royalties and fees |
|
|
677,114 |
|
|
|
— |
|
|
|
— |
|
|
|
677,114 |
|
Supply chain |
|
|
— |
|
|
|
3,106,047 |
|
|
|
— |
|
|
|
3,106,047 |
|
Supply chain - intersegment revenues |
|
|
— |
|
|
|
(116,518 |
) |
|
|
— |
|
|
|
(116,518 |
) |
International franchise royalties and fees |
|
|
— |
|
|
|
— |
|
|
|
338,704 |
|
|
|
338,704 |
|
U.S. franchise advertising |
|
|
559,494 |
|
|
|
— |
|
|
|
— |
|
|
|
559,494 |
|
Segment revenues |
|
$ |
1,611,761 |
|
|
$ |
2,989,529 |
|
|
$ |
338,704 |
|
|
$ |
4,939,994 |
|
Cost of sales - food |
|
|
112,116 |
|
|
|
2,118,166 |
|
|
|
— |
|
|
|
2,230,282 |
|
Cost of sales - labor |
|
|
117,357 |
|
|
|
267,017 |
|
|
|
— |
|
|
|
384,374 |
|
Cost of sales - other (1) |
|
|
80,849 |
|
|
|
219,143 |
|
|
|
— |
|
|
|
299,992 |
|
U.S. franchise advertising |
|
|
559,494 |
|
|
|
— |
|
|
|
— |
|
|
|
559,494 |
|
General and administrative (2) |
|
|
166,596 |
|
|
|
65,133 |
|
|
|
50,159 |
|
|
|
281,888 |
|
Segment Income |
|
$ |
575,349 |
|
|
$ |
320,070 |
|
|
$ |
288,545 |
|
|
$ |
1,183,964 |
|
Segment capital expenditures (3) |
|
$ |
9,928 |
|
|
$ |
57,432 |
|
|
$ |
144 |
|
|
$ |
67,504 |
|
|
|
Fiscal year ended December 29, 2024 |
|
|||||||||||||
|
|
U.S. |
|
|
Supply |
|
|
International |
|
|
Total |
|
||||
U.S. Company-owned stores |
|
$ |
393,898 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
393,898 |
|
U.S. franchise royalties and fees |
|
|
638,193 |
|
|
|
— |
|
|
|
— |
|
|
|
638,193 |
|
Supply chain |
|
|
— |
|
|
|
2,966,953 |
|
|
|
— |
|
|
|
2,966,953 |
|
Supply chain - intersegment revenues |
|
|
— |
|
|
|
(121,172 |
) |
|
|
— |
|
|
|
(121,172 |
) |
International franchise royalties and fees |
|
|
— |
|
|
|
— |
|
|
|
318,691 |
|
|
|
318,691 |
|
U.S. franchise advertising |
|
|
509,853 |
|
|
|
— |
|
|
|
— |
|
|
|
509,853 |
|
Segment revenues |
|
$ |
1,541,944 |
|
|
$ |
2,845,781 |
|
|
$ |
318,691 |
|
|
$ |
4,706,416 |
|
Cost of sales - food |
|
|
114,220 |
|
|
|
2,027,816 |
|
|
|
— |
|
|
|
2,142,036 |
|
Cost of sales - labor |
|
|
123,251 |
|
|
|
262,312 |
|
|
|
— |
|
|
|
385,563 |
|
Cost of sales - other (1) |
|
|
78,197 |
|
|
|
202,694 |
|
|
|
— |
|
|
|
280,891 |
|
U.S. franchise advertising |
|
|
509,853 |
|
|
|
— |
|
|
|
— |
|
|
|
509,853 |
|
General and administrative (2) |
|
|
151,030 |
|
|
|
72,348 |
|
|
|
58,029 |
|
|
|
281,407 |
|
Segment Income |
|
$ |
565,393 |
|
|
$ |
280,611 |
|
|
$ |
260,662 |
|
|
$ |
1,106,666 |
|
Segment capital expenditures (3) |
|
$ |
10,959 |
|
|
$ |
44,653 |
|
|
$ |
33 |
|
|
$ |
55,645 |
|
|
|
Fiscal year ended December 31, 2023 |
|
|||||||||||||
|
|
U.S. |
|
|
Supply |
|
|
International |
|
|
Total |
|
||||
U.S. Company-owned stores |
|
$ |
376,180 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
376,180 |
|
U.S. franchise royalties and fees |
|
|
604,897 |
|
|
|
— |
|
|
|
— |
|
|
|
604,897 |
|
Supply chain |
|
|
— |
|
|
|
2,829,224 |
|
|
|
— |
|
|
|
2,829,224 |
|
Supply chain - intersegment revenues |
|
|
— |
|
|
|
(114,215 |
) |
|
|
— |
|
|
|
(114,215 |
) |
International franchise royalties and fees |
|
|
— |
|
|
|
— |
|
|
|
310,077 |
|
|
|
310,077 |
|
U.S. franchise advertising |
|
|
473,195 |
|
|
|
— |
|
|
|
— |
|
|
|
473,195 |
|
Segment revenues |
|
$ |
1,454,272 |
|
|
$ |
2,715,009 |
|
|
$ |
310,077 |
|
|
$ |
4,479,358 |
|
Cost of sales - food |
|
|
109,554 |
|
|
|
1,964,500 |
|
|
|
— |
|
|
|
2,074,054 |
|
Cost of sales - labor |
|
|
118,798 |
|
|
|
247,048 |
|
|
|
— |
|
|
|
365,846 |
|
Cost of sales - other (1) |
|
|
75,457 |
|
|
|
192,794 |
|
|
|
— |
|
|
|
268,251 |
|
U.S. franchise advertising |
|
|
473,195 |
|
|
|
— |
|
|
|
— |
|
|
|
473,195 |
|
General and administrative (2) |
|
|
156,291 |
|
|
|
65,237 |
|
|
|
50,469 |
|
|
|
271,997 |
|
Segment Income |
|
$ |
520,977 |
|
|
$ |
245,430 |
|
|
$ |
259,608 |
|
|
$ |
1,026,015 |
|
Segment capital expenditures (3) |
|
$ |
11,942 |
|
|
$ |
34,044 |
|
|
$ |
93 |
|
|
$ |
46,079 |
|
The following table reconciles total Segment Income to income before provision for income taxes:
|
|
2025 |
|
|
2024 |
|
|
2023 |
|
|||
Total Segment Income |
|
$ |
1,183,964 |
|
|
$ |
1,106,666 |
|
|
$ |
1,026,015 |
|
General and administrative - other (1) |
|
|
(98,696 |
) |
|
|
(94,995 |
) |
|
|
(86,894 |
) |
Depreciation and amortization |
|
|
(88,827 |
) |
|
|
(87,732 |
) |
|
|
(80,640 |
) |
Non-cash equity-based compensation expense |
|
|
(44,640 |
) |
|
|
(43,255 |
) |
|
|
(37,514 |
) |
Loss on sale/disposal of assets |
|
|
(1,855 |
) |
|
|
(1,527 |
) |
|
|
(1,299 |
) |
Refranchising gain (loss) |
|
|
4,028 |
|
|
|
(158 |
) |
|
|
(149 |
) |
Income from operations |
|
|
953,974 |
|
|
|
878,999 |
|
|
|
819,519 |
|
Other (expense) income |
|
|
(2,544 |
) |
|
|
22,064 |
|
|
|
17,713 |
|
Interest income |
|
|
14,880 |
|
|
|
17,022 |
|
|
|
11,683 |
|
Interest expense |
|
|
(195,972 |
) |
|
|
(195,870 |
) |
|
|
(196,475 |
) |
Income before provision for income taxes |
|
$ |
770,338 |
|
|
$ |
722,215 |
|
|
$ |
652,440 |
|
The Company’s chief operating decision maker is not regularly provided financial information related to the assets of the reportable segments, and he does not evaluate their performance or allocate resources to them based on assets. Therefore, total assets by reportable segment are not included in the Company’s segment disclosures.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 23, 2026 | Showing above |
| 2024 | Feb 24, 2025 | |
| 2023 | Feb 23, 2023 | |
| 2022 | Mar 1, 2022 | |
| 2021 | Feb 25, 2021 | |
| 2019 | Feb 20, 2020 | |
| 2018 | Feb 21, 2019 | |
| 2017 | Feb 20, 2018 | |
| 2016 | Feb 25, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.