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Key Points
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Domino’s Pizza, the world’s largest pizza restaurant chain, operates over 21,500 stores across 90 markets.
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Berkshire Hathaway holds 2.63 million shares of Domino’s (NASDAQ: DPZ), valued at approximately $1.16 billion, constituting a 7.8% stake in the company.
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The pizza market is projected to grow from $152.4 billion in 2024 to $269.5 billion by 2034, with a compound annual growth rate of 5.8%.
Domino’s reported revenue of $1.14 billion for the second quarter, an increase of 4.3% from the previous year, driven by strong demand for its new Parmesan-stuffed crust pizza. However, net income fell to $131.1 million, down 7.7%, with earnings per share at $3.81, a 5.5% decline from last year. The company’s dividend payout has increased by 123% over the past five years, currently standing at $0.58 per share.
In 2024, Domino’s launched partnerships with Uber and DoorDash to enhance delivery capabilities, opening 160 new stores with plans for an additional 120 franchises. Approximately 85% of its sales come from digital channels through a variety of platforms, including its mobile app.
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