# Why Buffett Can't Stop Loading Up on Domino's Despite the Market Chaos

While Berkshire Hathaway has been aggressively dumping stocks lately, one name keeps showing up on the buy list: **Domino's Pizza (DPZ)**. Buffett's been stacking shares since Q3 2024, every single quarter after that.

Why? The old man's playbook is predictable—strong brand, recurring revenue through franchising, and the franchisor model keeps printing cash. Pizza's a global thing, margins are fat, and the business scales like crazy. Domino's has 21,750+ stores now but McDonald's sits at 44,000+, so there's still room to run.

The numbers speak for themselves: 5-year revenue up ~18%, but **earnings per share jumped 38%**. That's what happens when your ROIC is elite and you own the franchise model. Dividend's been raised 12 years straight at a 1.7% yield.

Here's the kicker—the P/E of **23.6 is near a decade low**. For someone who obsesses over valuations like Buffett, that's basically a flash sale signal.

Wall Street's betting on 10-11% annual earnings growth over the next 3-5 years. Not sexy, but reliable. The real question: can Buffett actually move the needle on a $301B portfolio with pizza stocks, or is this just a "hey, this is actually cheap" play?