Mar 23

Domino's Q1 2025 Earnings Report

Domino's reported strong net income growth in Q1 2025 despite a slight dip in U.S. same store sales.

Key Takeaways

Domino’s delivered higher net income and EPS growth driven by gains from its investment in DPC Dash, although U.S. same store sales declined modestly.

Net income rose 18.9% year-over-year to $149,651,000.

Diluted EPS increased 20.9% to $4.33.

Free cash flow jumped 59.1% year-over-year.

U.S. same store sales declined 0.5% while international same store sales grew 3.7%.

Total Revenue
$1.11B
Previous year: $1.08B
+2.5%
EPS
$4.33
Previous year: $3.58
+20.9%
Total Global Retail Sales Growth Ex-FX
4.7%
Previous year: 7.3%
-35.6%
U.S. Stores Retail Sales Growth Ex-FX
1.3%
Previous year: 7.8%
-83.3%
International Stores Retail Sales Growth Ex-FX
8.2%
Previous year: 6.8%
+20.6%
Gross Profit
$443M
Previous year: $422M
+5.0%
Cash and Equivalents
$304M
Previous year: $204M
+49.3%
Free Cash Flow
$164M
Previous year: $103M
+59.1%
Total Assets
$1.88B
Previous year: $1.74B
+7.6%

Domino's

Domino's

Domino's Revenue by Segment

Domino's Revenue by Geographic Location

Forward Guidance

Domino’s aims to continue leveraging its 'Hungry for MORE' strategy to drive growth amid macroeconomic challenges.

Positive Outlook

  • Hungry for MORE strategy expected to support annual sales growth.
  • Supply chain margin improvement expected to continue.
  • Positive momentum from DPC Dash investment gains.
  • Strong free cash flow generation enhancing liquidity.
  • Sustained international same store sales growth.

Challenges Ahead

  • Macroeconomic environment remains challenging globally.
  • U.S. same store sales softness could persist.
  • Currency exchange headwinds impacting international royalties.
  • Higher tax rates expected to weigh on profitability.
  • Severance costs related to organizational changes may continue.

Revenue & Expenses

Visualization of income flow from segment revenue to net income