Berkshire Hathaway held nearly 3 million shares of Domino's Pizza as of September 30, according to a quarterly SEC filing. Warren Buffett stepped down as CEO of Berkshire Hathaway at the end of 2025, but his investment principles remain influential.
Domino's Pizza reported same-store sales growth of 5.2% in the U.S. and 1.7% internationally for the fiscal third quarter ending September 7. Operating income increased 12.2% year over year during the period.
The company had 21,750 locations at the end of the third quarter. It opened 214 restaurants during the quarter and 748 over the past year, with 588 of those being international locations in the last 12 months.
With 99% of its restaurants franchised, Domino's operates an asset-light business model. In the first three quarters of 2025, the company generated $495.6 million in free cash flow. Management used $397.2 million of that to return cash to shareholders through dividends and share repurchases.
Domino's stock price rose 2.3% in the past year through January 9, while the S&P 500 index gained 19.8%. The stock currently trades at a price-to-earnings ratio of 24, compared to 30 during the first half of 2025 and the S&P 500's P/E ratio of 31.
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