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Jun 15
Domino's Q2 2025 Earnings Report
Domino's Q2 2025 earnings showed solid retail sales growth despite a year-over-year decline in net income.
Key Takeaways
Domino's posted revenue growth and strong store expansion in Q2 2025, driven by higher U.S. and international same-store sales. However, net income fell due to investment losses and higher taxes.
Global retail sales grew 5.6% excluding FX impact
178 net new stores opened globally
Net income declined 7.7% year-over-year to $131.1M
Free cash flow surged to $331.7M
Domino's
Domino's
Domino's Revenue by Segment
Domino's Revenue by Geographic Location
Revenue by Segment
U.S. Company-owned stores Revenue
CapyFin.comU.S. Franchise royalties Revenue
CapyFin.comSupply Chain Revenue
CapyFin.comInternational franchise Revenue
CapyFin.comU.S. Franchise advertising Revenue
CapyFin.comRevenue by Geographic Location
U.S. stores Revenue
CapyFin.comInternational stores Revenue
CapyFin.com Forward Guidance
Management expressed confidence in long-term growth, citing strong unit economics and digital initiatives, but acknowledged macroeconomic challenges and higher taxes.
Positive Outlook
- Strong U.S. and international same-store sales growth
- 178 net new stores opened globally in Q2
- Fully rolled out on two largest delivery aggregators
- Largest advertising budget in company history
- Rewards program bigger than ever
Challenges Ahead
- Net income declined due to investment losses
- Higher effective tax rate impacted profitability
- U.S. company-owned store gross margin declined
- Increased insurance and food basket costs
- Macroeconomic challenges continue internationally
Revenue & Expenses
Visualization of income flow from segment revenue to net income