Dominos PizzaDPZ

01Domino's vertically integrated supply chain—owning dough manufacturing and distribution rather than outsourcing—creates a structural cost advantage versus pizza competitors who rely on third-party suppliers, enabling tighter inventory control and margin protection during commodity volatility. This ownership is a franchise-system asset no aggregator or most pizza chains replicate.

02The company's growth strategy includes participation in the third-party order aggregation marketplace The filing identifies risks from new or improved technologies and alternative methods of delivery on consumer behavior The company considers the strength of its brand and ability to compete in the food delivery market among key factors

03The company's earnings and business growth strategy depend on the success of its franchisees The company identifies risks related to maintaining good relationships with and attracting new franchisees The filing notes franchisees' ability to successfully manage operations without negatively impacting royalty payments and fees or brand reputation

04As of June 14, 2026, the company had no outstanding borrowings under its 2025 Variable Funding Notes The company has issued fixed rate notes and entered into variable funding notes The filing identifies the ability to service indebtedness and future cash flows as forward-looking factors