Domino's Pizza
32 named things its latest annual report says its results depend on, each in the company's own words. 13 of them are also named by other companies we've read.
Customers
Domino's Pizza Enterprises
earns from · 1.4% of our consolidated revenuesnamed as a riskRevenues from this master franchisee accounted for 1.4% of our consolidated revenues in 2025.Business (Item 1)
Domino's Pizza Enterprises
concentrated in · approximately 24% of our international store countnamed as a riskAs of December 28, 2025, our largest international master franchisee operated 3,524 stores in 12 international markets, which accounted for approximately 24% of our international store count.Risk factors (Item 1A)
Jubilant FoodWorks
earns from · 2,396Stores in eight of our ten largest international markets in terms of store count are operated by master franchise companies that are publicly traded on stock exchanges as noted in the table below.Business (Item 1)
Suppliers
U.S. pizza cheese supplier (single source)
depends onnamed as a riskWe currently purchase our U.S. pizza cheese from a single supplier.Business (Item 1)
U.S. meat toppings supplier (single source)
depends onnamed as a riskThe majority of our meat toppings in the U.S. come from a single supplier under a contract which was renegotiated in December 2025 and expires at the end of December 2027, subject to a one-year optional extension.Business (Item 1)
The Coca-Cola Company
depends onThis contract, renegotiated in December 2023, provides for Coca-Cola to continue to be our exclusive beverage supplier and expires on December 31, 2030 or at such time as a minimum number of cases of Coca-Cola products are purchased by Domino’s, whichever occurs later.Business (Item 1)
Partners and platforms
DPC Dash Ltd
named as a riskIf DPC Dash does not succeed or is unable to successfully execute its growth strategy, we could lose some or all of our investment value.Risk factors (Item 1A)
Uber Technologies, Inc.
depends onnamed as a riskWe have multinational agreements with Uber Technologies, Inc. and DoorDash, Inc. to allow customers to order Domino’s products through their respective marketplaces.Business (Item 1)
DoorDash, Inc.
depends onnamed as a riskWe have multinational agreements with Uber Technologies, Inc. and DoorDash, Inc. to allow customers to order Domino’s products through their respective marketplaces.Business (Item 1)
Other companies
Foreign currency exchange rates
exposed to its price · approximately $30.0 millionnamed as a riskA hypothetical 10% adverse change in the foreign currency rates for our international markets would have resulted in a negative impact on international franchise royalty and fee revenues of approximately $30.0 million in 2025.Market risk (Item 7A)
Also named by ADP, AMT, CPAY, DVA, GLW, HLIO, LNN, PFG and 1 more
Competitors
Pizza Hut
competes withnamed as a riskIn the U.S., we compete primarily against national chains Pizza Hut®, Papa John’s® and Little Caesars Pizza® as well as regional, independent and local establishments.Risk factors (Item 1A)
Papa John's
competes withnamed as a riskOutside the U.S., we compete primarily with Pizza Hut and Papa John’s which have significant global presence, as well as country-specific national, regional and local pizzerias.Business (Item 1)
Little Caesars
competes withnamed as a riskIn the U.S., we compete primarily against national chains Pizza Hut®, Papa John’s® and Little Caesars Pizza® as well as regional, independent and local establishments.Risk factors (Item 1A)
Places
China
operates in · 1,321named as a risk•the inherent risk of doing business in China resulting from our equity investment in DPC Dash;Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
U.S. dough manufacturing and supply chain centers
depends on · 22 regional dough manufacturing and supply chain centersnamed as a riskOur U.S. dough manufacturing and supply chain centers service all of our Company-owned and substantially all of our U.S. franchise stores.Risk factors (Item 1A)
India
operates in · 2,396The following table shows our store count as of December 28, 2025 in our ten largest international markets, which accounted for approximately 66% of our international stores as of that date.Business (Item 1)
Also named by A, AAPL, ACN, AJG, AKAM, AMZN, AOS, AVGO and 54 more
Commodities and inputs
Cheese
exposed to its price · approximately 25% of the food basket purchased by our Company-owned storesnamed as a riskCheese, in particular, is a significant cost to us, representing approximately 25% of the food basket purchased by our Company-owned stores.Risk factors (Item 1A)
Chicago Mercantile Exchange cheddar block price
exposed to its priceThe price we charge to our U.S. franchisees for cheese is formula-based, with the Chicago Mercantile Exchange cheddar block price as the primary component, plus a supply chain markup.Business (Item 1)
Regulators
Federal Trade Commission (FTC) Franchise Rule
subject tonamed as a riskWe are subject to an FTC rule and to various state and foreign laws that govern the offer and sale of franchises.Risk factors (Item 1A)
National Labor Relations Board joint employer rule
subject tonamed as a riskIn October 2023, the National Labor Relations Board (“NLRB”) adopted a final rule with a new and broader standard grounded in common law agency principles for determining when two or more otherwise unrelated employers may be found to be a joint employer of the same employees under the National Labor Relations Act (the “NLRA”).Risk factors (Item 1A)
Laws and programs
Securitized debt
approximately $4.82 billionnamed as a riskAs of December 28, 2025, our consolidated total indebtedness was approximately $4.82 billion.Risk factors (Item 1A)
Domino's National Advertising Fund (DNAF)
depends on · 6.0% of its salesnamed as a riskEach Domino’s store located in the U.S. is obligated to contribute 6.0% of its sales to DNAF, which uses such fees for national advertising in addition to contributions for local market-level advertising.Risk factors (Item 1A)
Fair Labor Standards Act
subject tonamed as a riskLabor costs are largely a function of the minimum wage for a majority of our store personnel and certain supply chain personnel.Business (Item 1)
California Privacy Rights Act
subject tonamed as a riskFor example, the State of California has adopted the California Privacy Rights Act of 2020, an amendment to the California Consumer Privacy Act, and numerous other states have adopted similar comprehensive data protection laws, which may require companies to change their practices for handling of personal data, including allowing consumers to request that we delete certain personal data.Risk factors (Item 1A)
California Assembly Bill 5 (AB-5)
subject tonamed as a riskUnder AB-5, certain franchisees or their employees could be deemed employees of the franchisors.Risk factors (Item 1A)
California Assembly Bill No. 1228
subject tonamed as a riskWe and our franchisees have experienced and expect further increases in payroll expenses as a result of government-mandated increases in the minimum wage, some specific to employees of national fast-food chains, which may be material, including as a result of California Assembly Bill No. 1228.Risk factors (Item 1A)
Also named by CAVA
California and Minnesota hidden fee laws
subject tonamed as a riskLaws targeting hidden fees and how businesses may advertise and/or market prices to consumers have been enacted in jurisdictions that include California and Minnesota, and these laws could impact our advertising, including advertising for our national offers and could result in litigation.Risk factors (Item 1A)
Technology
Domino's PULSE / DOM OS digital ordering platforms
depends on · more than 85% of our U.S. retail salesnamed as a riskIn addition, more than 85% of our U.S. retail sales in 2025 were derived from digital channels, primarily through our online ordering website and mobile applications, where customers enter personally identifiable information that we retain.Risk factors (Item 1A)