Domino's Pizza® to Transfer Stock Exchange Listing to Nasdaq

Rhea-AI Summary

Domino's Pizza (NYSE: DPZ), the world's largest pizza company, has announced its decision to voluntarily transfer its stock exchange listing from the New York Stock Exchange to the Nasdaq Global Select Market. The transfer will be effective after market close on December 31, 2024. Trading on Nasdaq will commence on January 2, 2025, with the company maintaining its current ticker symbol 'DPZ'.

Positive

• Listing on Nasdaq Global Select Market, which typically has lower annual listing fees compared to NYSE
• Maintains established ticker symbol 'DPZ', ensuring continuity for investors

Negative

• None.

Insights

Financial Analyst

The stock exchange transfer from NYSE to Nasdaq represents a strategic but largely neutral move for Domino's. While both exchanges offer high-quality listing services, Nasdaq typically appeals to technology-focused companies and offers potentially lower listing fees. This aligns with Domino's increasing focus on digital ordering and delivery technology. The transfer maintains the DPZ ticker symbol and should have minimal impact on trading mechanics or liquidity. Institutional investors and index funds tracking either exchange will adjust their holdings accordingly. Recent similar moves by other large-cap companies have shown negligible impact on stock performance or trading volumes. From an investor perspective, this administrative change doesn't affect the company's fundamental business operations or financial outlook.

ANN ARBOR, Mich., Dec. 12, 2024 /PRNewswire/ -- Domino's Pizza, Inc. (NYSE: DPZ), the largest pizza company in the world, today announced that it will voluntarily transfer its stock exchange listing to the Nasdaq Global Select Market from the New York Stock Exchange, effective December 31, 2024, after market close. Domino's common stock is expected to begin trading as a Nasdaq-listed security on January 2, 2025. The Company will retain its current ticker symbol "DPZ."

About Domino's Pizza^®

Founded in 1960, Domino's Pizza is the largest pizza company in the world, with a significant business in both delivery and carryout pizza. It ranks among the world's top public restaurant brands with a global enterprise of more than 21,000 stores in over 90 markets. Domino's had global retail sales of over $18.9 billion for the trailing four quarters ended September 8, 2024. Its system is comprised of independent franchise owners who accounted for 99% of Domino's stores as of the end of the third quarter of 2024. In the U.S., Domino's generated more than 85% of U.S. retail sales in 2023 via digital channels and has developed several innovative ordering platforms including seven unique ways to order Domino's.

Order – dominos.com
Company Info – biz.dominos.com 
Media Assets – media.dominos.com

Please visit our Investor Relations website at ir.dominos.com to view news, announcements, earnings releases, investor presentations and conference webcasts.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:

Statements in this press release that are not strictly historical in nature constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve significant risks and uncertainties and you should not place considerable reliance on such statements. Important factors that could cause actual results to differ materially from our expectations are more fully described in our filings with the Securities and Exchange Commission, including under the section headed "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023. All forward-looking statements speak only as of the date hereof and should be evaluated with an understanding of their inherent uncertainty. Except as required under federal securities laws and the rules and regulations of the Securities and Exchange Commission, or other applicable law, we will not undertake, and specifically disclaim, any obligation to publicly update or revise any forward-looking statements to reflect events or circumstances arising after the date hereof, whether as a result of new information, future events or otherwise. You are cautioned not to place undue reliance on the forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, us. All forward-looking statements are qualified in their entirety by this cautionary statement.

 

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SOURCE Domino's Pizza, Inc.

FAQ

When will Domino's Pizza (DPZ) start trading on Nasdaq?

Domino's Pizza (DPZ) will begin trading on the Nasdaq Global Select Market on January 2, 2025.

Will Domino's Pizza change its ticker symbol after moving to Nasdaq?

No, Domino's Pizza will retain its current ticker symbol 'DPZ' after transferring to Nasdaq.

When will Domino's Pizza (DPZ) delist from NYSE?

Domino's Pizza will delist from the New York Stock Exchange (NYSE) after market close on December 31, 2024.

Why is Domino's Pizza (DPZ) moving from NYSE to Nasdaq?

The press release indicates this is a voluntary transfer, but specific reasons for the exchange transfer were not disclosed.