Dec 29, 2024

Domino's Q4 2024 Earnings Report

Domino's reported solid revenue growth and a rise in net income in Q4 2024, driven by increased supply chain revenues and U.S. franchise advertising.

Key Takeaways

Domino's Pizza delivered a strong performance in Q4 2024, with total revenue rising by 2.9% year-over-year to $1.44 billion. The company saw a 4.4% increase in global retail sales, with U.S. same-store sales up 0.4% and international same-store sales growing 2.7%. Net income rose by 7.7% to $169.4 million, while diluted EPS increased to $4.89. Free cash flow reached $512 million, reflecting healthy cash generation.

Total revenue grew by 2.9% year-over-year, reaching $1.44 billion.

Global retail sales growth (excluding foreign exchange impact) was 4.4%.

Net income increased by 7.7% to $169.4 million.

Diluted EPS rose by 9.2% to $4.89.

Total Revenue
$1.44B
Previous year: $1.4B
+2.9%
EPS
$4.89
Previous year: $4.48
+9.2%
Total Global Retail Sales Growth ex-FX
4.4%
Previous year: 4.9%
-10.2%
US Stores Retail Sales Growth ex-FX
2.3%
Previous year: 4.5%
-48.9%
International Stores Retail Sales Growth ex-FX
6.4%
Previous year: 5.2%
+23.1%
Cash and Equivalents
$186M
Previous year: $114M
+63.1%
Free Cash Flow
$512M
Previous year: $486M
+5.5%
Total Assets
$1.74B
Previous year: $1.67B
+3.7%

Domino's

Domino's

Domino's Revenue by Segment

Forward Guidance

Domino's expects continued revenue growth in 2025, driven by strong global demand and further expansion of its digital and delivery initiatives.

Positive Outlook

  • Continued expansion in international markets with strong store openings.
  • Ongoing investment in digital ordering and delivery technology.
  • Expected market share gains in the U.S. QSR pizza segment.
  • Stronger franchise advertising contributions driving brand awareness.
  • Operational efficiencies improving store-level productivity.

Challenges Ahead

  • Potential impact of rising food and labor costs on margins.
  • Macroeconomic uncertainties could impact discretionary spending.
  • Foreign currency fluctuations may affect international earnings.
  • Competitive pricing pressures in the QSR pizza segment.
  • Potential supply chain disruptions impacting store operations.