Domino's 2024 Decoded: 21,000+ Stores Worldwide, with China and India Adding 500+ Stores a Year as Twin Engines

This is an English adaptation of a FoodBud historical article originally published on March 4, 2025.

For multi-unit operators and franchisees, Domino's 2024 report is a clean read on franchise-led store economics, an emerging aggregator strategy, and an operations-tech program built to defend unit-level margins.

2024 financials

• Total revenue: USD 4.706 billion, up 5.1%. Supply-chain remains the largest line at USD 2.846 billion (up 4.8%); US franchise royalties and fees USD 638 million (up 5.5%); international franchise royalties and fees USD 319 million (up 2.8%); US company-owned store revenue USD 394 million (up 4.7%); franchise advertising revenue USD 510 million (up 7.8%).
• Operating income: USD 879 million, up 7.3%. Net income: USD 584 million, up 12.5%. Basic EPS USD 16.83 (up 13.7%); diluted EPS USD 16.69 (up 13.8%).
• Russia: stores were removed from the global count in August 2023 after the main franchisee's bankruptcy; with no revenue since February 2022, the exit had negligible impact on results.

Growth was driven by same-store sales gains, new-store expansion and a strong supply-chain segment.

Store network: international leads expansion

Domino's added a net 775 stores globally in 2024, reaching 21,366 stores across 90+ countries.

• US: 7,014 stores (6,722 franchised, 292 company-owned), net +160. The franchise model is about 96% of US stores, run by 751 independent franchisees averaging about 9 stores each; 22 franchisees operate 50+ stores, the largest running 158 — evidence of franchisee-level scale economics.
• International: net +615 to 14,352 stores (over 67% of the global base). The ten largest international markets at year-end 2024: India (2,136), the UK (1,299), China incl. Hong Kong/Macau (1,011), Mexico (961), Japan (943), Australia (742), Türkiye (728), Canada (620), South Korea (484) and France (462). India is the standout, with the UK and China each above 1,000 stores.
• Format: most new stores use the "Pizza Theater" design (open kitchen, easy pickup), focused on delivery and carryout with minimal dine-in to lower build and operating cost and lift store profitability.

Aggregators: from an Uber Eats pilot to multi-platform in 2025

2024 marked Domino's first formal move onto third-party marketplaces, via an exclusive Uber Eats partnership. By year-end, Uber Eats contributed about 3% of US sales (2.7% in Q4). For 2025, after extending Uber Eats exclusivity to May 1, Domino's planned to add more platforms — a small-scale first-half test, then broader rollout in the second half — framing aggregators as a USD 1 billion incremental opportunity over time (with timing balanced against franchisee profitability). Management said it would manage first-party and third-party delivery as one integrated business and asked investors to evaluate delivery on that integrated basis from H2 2025; the channel was tied to a 3% US same-store-sales target for 2025.

International: Japan closures vs. China/India growth

The original details a "renew by retiring the old" dynamic for 2025:

• DPE (Domino's Pizza Enterprises), the large Australia-based master franchisee covering Australia, New Zealand, Japan and parts of Europe, planned under a new CEO to close 200+ underperforming stores in 2025 (mostly in Japan) to improve profitability, with the drag concentrated in 2025 and international growth expected to re-accelerate in 2026. DPE signaled more disciplined future expansion focused on long-term profitable locations.
• China was the fastest-growing market, adding 240 stores in 2024 with a 2025 target of 300–350. India's franchisee Jubilant FoodWorks lifted delivery sales by removing delivery fees in Q4 2024.
• Other international markets saw improving store economics (unit profit and payback) in 2024 — a leading indicator for future growth.
• 2025–2026 guidance (as given): international same-store-sales growth of 1–2% in 2025 (below the 3%+ long-term aim) due to DPE closures, normalizing in 2026, with China and India as the main long-term drivers.
• Three international growth levers: value pricing (keep pricing at or below CPI), aggregator expansion (e.g., Uber tie-ups in the UK and Canada), and diversification beyond delivery (more dine-in/carryout, e.g., value products lifting dine-in in Mexico).

Operations tech: "machines plus data" as an efficiency moat

Domino's framed store efficiency as a core competitive advantage:

• DJ automated dough-stretching machines: about 1,600 units across the US by end-2024 (Q4 deployments up 50%+ over Q3), covering roughly a quarter of US stores with demand outstripping supply. They cut new-employee training from about 25 shifts (manual dough stretching) to about 2 shifts — management noted the real figure may be lower but disclosed a conservative 2.
• Dom.OS operating system: ongoing optimization of order production, accuracy, and supply-chain coordination; over the past two years average delivery time fell by about 2 minutes.
• Training programs: national initiatives such as "Summer of Service" and "More Delicious Operations" standardized dough management, product build and bake, lowering error and complaint rates.
• Results: faster delivery and higher satisfaction/repeat rates; lower training cost and reduced turnover; and stronger franchisee unit cash flow that sustains franchisee confidence even under macro pressure. Management said efficiency has not yet hit its ceiling — capacity is still below pandemic peaks — leaving room for further gains and volume capacity as technology and process improve.

Note: Forward guidance (2025 same-store-sales targets, the 200+ DPE closures, aggregator timing, the USD 1 billion aggregator goal) is from the March 2025 reporting and has since evolved.