Domino's Pizza (DPZ) FY2023 results: revenue $4.5 billion, down 1.3% on the year
Domino's Pizza, Inc. (DPZ) reported revenue of $4.5 billion for fiscal 2023, the year ended 31 December 2023, down 1.3% on the year before. Net income was $519 million, up 14.8%, and diluted earnings per share $14.66. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2024.
Revenue
$4.5 billion
-1.3% on the year
FY2016FY2023
Operating margin
18.3%
16.9% a year earlier
FY2016FY2023
Net income
$519 million
+14.8% on the year
FY2016FY2023
Diluted EPS
$14.66
+17.0% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
591
475
654
+24.3%
Capital expenditure
105
87.2
94.2
+20.8%
Free cash flow
485
388
560
+25.1%
Free cash flow margin
10.8%
8.6%
12.9%
Cash from investing
-107
-53.7
-143
Cash from financing
-476
-516
-523
Depreciation and amortisation
80.6
80.3
72.9
+0.5%
Share-based compensation
37.5
28.7
28.7
+30.7%
Buybacks
269
294
1,321
-8.4%
Dividends paid
170
158
139
+7.8%
Dividend per share
$4.84
$4.40
$3.76
+10.0%
Diluted shares, weighted
35m
36m
38m
-1.9%
Shares outstanding at period end
35m
35m
36m
-2.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
-4,070
-4,189
-4,210
Debt
4,990
5,022
5,070
-0.6%
Operating lease liabilities
180
195
184
-8.0%
Finance lease liabilities
68.7
70.9
72.2
-3.1%
Other liabilities
507
503
554
+0.7%
Total liabilities and equity
1,675
1,602
1,672
+4.5%
Fixed assets
304
302
324
+0.7%
Goodwill
11.7
11.8
15.0
-0.6%
Investments
16.7
13.4
15.4
+24.8%
Cash and equivalents
114
60.4
148
+89.0%
Receivables
283
257
255
+9.8%
Inventory
83.0
81.6
68.3
+1.7%
Other assets
862
875
845
-1.5%
Total assets
1,675
1,602
1,672
+4.5%
10-K for the year ended 31 December 2023, filed 26 February 2024: the filing.