<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION
                             Washington, DC 20549

                                   FORM 10-Q

(Mark One)

     [x]    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934
               For the quarterly period ended:   March 26, 2000

                                       OR

     [_]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934
          For the transition period from: ___________ to ___________

                      Commission file number:  333-74797

                                Domino's, Inc.
            (Exact name of registrant as specified in its charter)


                  Delaware                                   38-3025165
     (State or other jurisdiction of                      (I.R.S. Employer
      incorporation or organization)                   Identification Number)


                          30 Frank Lloyd Wright Drive
                           Ann Arbor, Michigan 48106
                   (Address of principal executive offices)

                                (734) 930-3030
             (Registrant's telephone number, including area code)

Indicate by check mark whether registrant (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                             Yes [X]        No [_]

The number of shares outstanding of the registrant's common stock as of April
15, 2000 was 10 shares.
<PAGE>

                        Domino's, Inc. and Subsidiaries
                     Condensed Consolidated Balance Sheets

<TABLE>
<CAPTION>
(In thousands)                                    March 26, 2000   January 2, 2000
Assets                                              (Unaudited)         (Note)
                                                  ---------------  ----------------
<S>                                               <C>              <C>
Current assets:
     Cash                                             $  20,311         $  30,278
     Accounts receivable                                 41,479            40,902
     Inventories                                         16,647            18,624
     Deferred tax assets                                 10,498            10,498
     Other                                               17,426            20,062
                                                      ---------         ---------
Total current assets                                    106,361           120,364
                                                      ---------         ---------

Property, plant and equipment:
     Land and buildings                                  14,246            14,246
     Leasehold and other improvements                    54,974            54,538
     Equipment                                          119,246           117,018
     Construction in progress                             3,124             3,548
                                                      ---------         ---------
                                                        191,590           189,350
     Accumulated depreciation and amortization          116,412           116,287
                                                      ---------         ---------
Total property, plant and equipment                      75,178            73,063
                                                      ---------         ---------

Other assets:
     Deferred tax assets                                 72,189            73,038
     Deferred financing costs                            35,820            37,208
     Goodwill                                            19,274            16,034
     Covenants not-to-compete                            14,343            16,970
     Capitalized software                                26,353            26,113
     Other                                               19,928            18,340
                                                      ---------         ---------
Total other assets                                      187,907           187,703
                                                      ---------         ---------
Total assets                                          $ 369,446         $ 381,130
                                                      =========         =========

Liabilities and stockholder's deficit
Current liabilities:
     Current portion of long-term debt                $  11,970         $  21,438
     Accounts payable                                    30,388            35,108
     Insurance reserves                                   6,684             7,152
     Accrued restructuring                                1,406             3,020
     Accrued income taxes                                   313               804
     Other accrued liabilities                           59,367            58,586
                                                      ---------         ---------
Total current liabilities                               110,128           126,108
                                                      ---------         ---------

Long-term liabilities:
     Long-term debt, less current portion               696,115           696,132
     Insurance reserves                                  14,758            15,485
     Other accrued liabilities                           22,814            22,371
                                                      ---------         ---------
Total long-term liabilities                             733,687           733,988
                                                      ---------         ---------

Stockholder's deficit:
     Common stock                                             -                 -
     Additional paid-in capital                         120,202           120,202
     Retained deficit                                  (594,583)         (599,292)
     Accumulated other comprehensive income                  12               124
                                                      ---------         ---------
Total stockholder's deficit                            (474,369)         (478,966)
                                                      ---------         ---------
Total liabilities and stockholder's deficit           $ 369,446         $ 381,130
                                                      =========         =========
</TABLE>

Note:  The balance sheet at January 2, 2000 has been derived from the audited
financial statements at that date but does not include all of the information
and footnotes required by generally accepted accounting principles for complete
financial statements.

See accompanying notes.

                                       2
<PAGE>

                        Domino's, Inc. and Subsidiaries
                  Condensed Consolidated Statements of Income
                                  (Unaudited)

<TABLE>
<CAPTION>
                                    Fiscal Quarters Ended
                                  March 26,        March 28,
                                     2000            1999
                                  --------------------------
<S>                               <C>              <C>
(In thousands)
Revenues:
  Corporate stores                  $ 90,240        $ 86,560
  Domestic franchise royalties        27,631          26,616
  Domestic distribution              135,080         134,727
  International                       13,967          12,865
                                    --------        --------
Total revenues                       266,918         260,768
                                    --------        --------

Operating expenses:
  Cost of sales                      195,055         192,820
  General and administrative          46,121          50,429
                                    --------        --------
Total operating expenses             241,176         243,249
                                    --------        --------
Income from operations                25,742          17,519

Interest income                          531             113
Interest expense                      17,470          17,251
                                    --------        --------
Income before provision
  for income taxes                     8,803             381
Provision for income taxes             3,756             152
                                    --------        --------
Net income                          $  5,047        $    229
                                    ========        ========
</TABLE>

See accompanying notes.

                                       3
<PAGE>

                        Domino's, Inc. and Subsidiaries
                Condensed Consolidated Statements of Cash Flows
                                  (Unaudited)

<TABLE>
<CAPTION>
                                                    Fiscal Quarter Ended
                                                     March 26,    March 28,
                                                       2000         1999
                                                    ----------    ---------
<S>                                                 <C>           <C>
(In thousands)
Cash flows from operating activities:
  Net cash provided by operating activities          $ 10,968       $21,690
                                                     --------       -------

Cash flows from investing activities:
  Purchases of property, plant and equipment           (6,178)       (4,989)
  Purchases of franchise stores and commissaries       (4,794)            -
  Repayments of notes receivable                        2,098           775
  Other                                                (2,202)         (986)
                                                     --------       -------
Net cash used in investing activities                 (11,076)       (5,200)
                                                     --------       -------

Cash flows from financing activities:
  Repayments of long-term debt                         (9,475)       (1,700)
  Distributions to Parent                                (338)            -
                                                     --------       -------
Net cash used in financing activities                  (9,813)       (1,700)
                                                     --------       -------

Effect of exchange rate changes on cash                   (46)           68
                                                     --------       -------
Increase (decrease) in cash                            (9,967)       14,858

Cash, at beginning of period                           30,278           115
                                                     --------       -------
Cash, at end of period                               $ 20,311       $14,973
                                                     ========       =======
</TABLE>

See accompanying notes.

                                       4
<PAGE>

Domino's, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements
(Unaudited)

March 26, 2000

1.   Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been
prepared in accordance with generally accepted accounting principles for interim
financial information and with the instructions of Form 10-Q and Article 10 of
Regulation S-X. Accordingly, they do not include all of the information and
footnotes required by generally accepted accounting principles for complete
financial statements. In the opinion of management, all adjustments, consisting
of normal recurring accruals, considered necessary for a fair presentation have
been included. Operating results for the fiscal quarter ended March 26, 2000 are
not necessarily indicative of the results that may be expected for the year
ended December 31, 2000. For further information, refer to the consolidated
financial statements and footnotes thereto for the year ended January 2, 2000
included in the Domino's, Inc. Form 10-K, Commission File No. 333-74797.

2.   Summary of Significant Accounting Policies

Principles of Consolidation
The accompanying condensed consolidated financial statements include the
accounts of Domino's, Inc., formerly known as Domino's Pizza International
Payroll Services, Inc., a Delaware corporation, and its wholly-owned
subsidiaries (collectively, "Domino's"). All significant intercompany accounts
and transactions have been eliminated. Domino's, Inc. is a wholly owned
subsidiary of TISM, Inc. ("TISM").

Fiscal Year and Fiscal Quarters
Domino's fiscal year ends on the Sunday closest to December 31 and generally
consists of fifty-two weeks. Domino's first three fiscal quarters of a fiscal
year each consist of twelve weeks and the fourth quarter of a fiscal year
consists of either sixteen or seventeen weeks depending upon whether the fiscal
year consists of fifty-two weeks or fifty-three weeks, respectively. The first
fiscal quarter of 2000 and 1999 consisted of the twelve week periods ended March
26, 2000 and March 28, 1999, respectively.

3.   Accounting Pronouncements

The Financial Accounting Standards Board has issued SFAS No. 133, "Accounting
for Derivative Instruments and Hedging Activities", which requires that an
entity recognize all derivatives as either assets or liabilities in the balance
sheet and measure those instruments at fair value. This Statement is effective
beginning the first quarter of fiscal 2001. Management has not yet quantified
the impact, if any, of adopting this Statement.

4.   Comprehensive Income

Comprehensive income is defined as the total of net income and all other non-
owner changes in equity.  Our comprehensive income was as follows (in
thousands):


                                                     Fiscal Quarter Ended
                                                     March 26,   March 28,
                                                       2000         1999
                                                     ---------   ---------
Net income                                           $   5,047   $     229
Currency translation adjustment                            (89)         43
Unrealized gain (loss) on investments, net of tax          (23)         (5)
                                                     ---------   ---------
Comprehensive income                                 $   4,935   $     267
                                                     =========   =========

                                       5
<PAGE>

5.   Restructuring

In fiscal 1999, the Company recognized approximately $7.6 million in
restructuring charges comprised of staff reduction costs of $6.3 million and
exit cost liabilities of $1.3 million, as defined below. The staff reduction
costs were incurred during the second, third and fourth quarters of 1999, in
connection with the reduction of 90 corporate and administrative employees. As
of March 26, 2000, the Company had paid $6.2 million of the staff reduction
costs and management expects the remaining amount to be paid during fiscal 2000.

The exit costs were recorded in the fourth quarter in connection with the
planned closure and relocation of 50 specifically identified corporate-owned
stores. The exit cost liability is comprised of the operating lease obligations
after the expected closure dates and related leased premises restoration costs.
As of March 26, 2000, nine corporate-owned stores have been relocated as a part
of the restructuring. Management expects that the remaining exit cost
liabilities will be paid during the second, third and fourth quarters of fiscal
2000.

6.   Segment Data

The Company has three reportable segments as determined by management using the
"management approach" as defined in SFAS No. 131, "Disclosures About Segments of
an Enterprise and Related Information": (1) Domestic Stores, (2) Domestic
Distribution and (3) International. The Company's operations are organized by
management on the combined bases of line of business and geography. The Domestic
Stores segment includes Company operations with respect to all franchised and
Company-owned stores throughout the contiguous United States. The Domestic
Distribution segment includes the distribution of food, equipment and supplies
to franchised and Company-owned stores throughout the contiguous United States.
The International segment includes Company operations related to its franchising
business in foreign and non-contiguous United States markets and its food
distribution business in Canada, Alaska and Hawaii. The Company evaluates the
performance of its segments and allocates resources to them based on earnings
before interest, taxes, depreciation and amortization ("EBITDA").

The tables below summarize the financial information concerning the Company's
reportable segments for fiscal quarters ended March 26, 2000 and March 28, 1999.
Intersegment Revenues are comprised of sales of food, equipment and supplies
from the Domestic Distribution segment to the Company-owned stores in the
Domestic Stores segment. Intersegment sales prices are market based. The "Other"
column primarily includes corporate headquarters costs that management does not
allocate to any of the reportable segments. All amounts presented below are in
thousands.

<TABLE>
<CAPTION>
                                Fiscal quarter ended March 26, 2000 and March 28, 1999
                       ------------------------------------------------------------------------
                       Domestic      Domestic                  Intersegment
                         Stores  Distribution  International       Revenues   Other     Total
                       --------  ------------  -------------   ------------  -------   --------
<S>                    <C>       <C>           <C>             <C>           <C>       <C>
Revenues -
   2000............    $117,871      $158,543        $13,967      $(23,463)  $     -   $266,918
   1999............     113,176       156,917         12,865       (22,190)        -    260,768
EBITDA -
   2000............      32,491         7,605          2,930             -    (9,771)    33,255
   1999............      30,930         5,389          2,101             -    (8,193)    30,225
</TABLE>

                                       6
<PAGE>

The following table reconciles total EBITDA above to consolidated income before
provision for income taxes:

                                                    Fiscal quarter ended
                                              March 26, 2000   March 28, 1999
                                              --------------------------------
Total EBITDA                                        $ 33,255         $ 30,225
Depreciation and amortization                         (7,506)         (12,810)
Interest expense                                     (17,470)         (17,251)
Interest income                                          531              113
Gain (loss) on sale of plant and equipment                (7)             104
                                                    --------         --------
Income before provision
       for income taxes                             $  8,803         $    381
                                                    ========         ========

No customer accounted for more than 10% of total consolidated revenues in the
fiscal quarter March 26, 2000 and March 28, 1999.

Item 2.   Management's Discussion and Analysis of Financial Condition and
Results of Operations

The 2000 and 1999 first fiscal quarters referenced herein represent the twelve-
week periods ended March 26, 2000 and March 28, 1999, respectively.

Results of Operations
---------------------

Revenues
--------
General. Revenues include sales by corporate-owned stores, royalty fees from
domestic and international franchises and sales by our distribution commissaries
to domestic and international franchises. Total revenues increased $6.1 million,
or 2.3%, to $266.9 million for the first quarter of 2000 from $260.8 million for
the first quarter of 1999. This increase in revenues resulted primarily from
increased domestic corporate stores revenues and domestic and international
franchise royalty revenues.

Domestic Stores
---------------
Corporate Stores. Revenues from Corporate Stores increased 4.2% to $90.2 million
for the first quarter of 2000 from $86.6 million for the same period in 1999.
This increase is due primarily to an increase in the number of corporate stores
and to a lesser extent, an increase in same store sales. Same store sales for
corporate stores increased 0.1% for the first quarter of 2000 as compared to the
same period in 1999. Ending corporate stores were 662 as of March 26, 2000, as
compared to 641 as of March 28, 1999.

Domestic Franchise. Revenues from Domestic Franchise operations are derived
primarily from royalty fees. Revenues from Domestic Franchise operations
increased 3.8% to $27.6 million for the first quarter of 2000 from $26.6 million
for the same period in 1999. This increase is attributable primarily to a 2.4%
increase in same store sales for the first quarter of 2000, as compared to the
same period in 1999, and an increase in the number of domestic franchise stores.
Ending domestic franchise stores were 4,015 as of March 26, 2000, as compared to
3,861 as of March 28, 1999.

Domestic Distribution. Revenues from Domestic Distribution operations are
---------------------
derived primarily from the sale of food, equipment and supplies to domestic
franchise stores and, to a lesser extent, the sale of equipment to international
stores, and exclude sales to corporate-owned stores. Revenues from Domestic
Distribution operations increased 0.3% to $135.1 million for the first quarter
of 2000 from $134.7 million for the same period in 1999. The increased volume of
food sales to franchisees, primarily related to the increases in Domestic
Franchise same store sales and store counts discussed above, were offset
primarily by a market decrease in cheese prices. Additionally, the dough mix
continues to shift from thin crust and deep dish to lower priced fresh dough.

International. International revenues, which are derived mainly from food sales
-------------
to international franchisees, master franchise agreement royalty revenues and,
to a lesser extent, franchise and development fees and corporate owned
international stores, increased 8.5% to $14.0 million for the first quarter of
2000 from $12.9 million for the same period in 1999. The increase was partially
driven by a 18% increase in international franchise royalty revenues, due
primarily to an increase in same store sales, an increase in the average number
of international franchise stores and the addition of three international
corporate stores in

                                       7
<PAGE>

France during the second quarter of 1999. On a constant dollar basis, same store
sales increased by 2.3% for the first quarter of 2000, compared to the same
period of 1999. Ending international stores were 1,975 as of March 26, 2000, as
compared to 1,766 as of March 28, 1999.

Gross Profit. Gross profit increased 5.9% to $71.9 million for the first quarter
------------
of 2000 from $67.9 million for the same period in 1999. As a percentage of
revenues, gross profit increased 0.8%, to 26.9% for the first quarter of 2000,
compared to the same period in 1999. These increases were driven primarily by
Domestic Distribution food cost as a percentage of sales decreasing slightly,
due mainly to a shift in product mix from par-baked deep dish and thin crust
shells to higher margin fresh dough. These increases were largely offset by
increased labor costs in the corporate stores, which was related to higher wages
and increases in staffing levels.

General and Administrative. General and administrative expenses decreased 8.5%
----------------------------
to $46.1 million for the first quarter of 2000 from $50.4 million for the same
period of 1999. As a percentage of revenues, general and administrative expenses
decreased 2.0% to 17.3% for the first quarter of 2000 compared to the same
period in 1999. These decreases are due primarily to decreased amortization
expense of $5.3 million for the first quarter of 2000, primarily attributable to
a covenant not-to-compete we entered into with TISM's former principal
stockholder at the time of TISM's recapitalization.

Liquidity and Capital Resources
-------------------------------
We had negative working capital of $3.7 million at March 26, 2000. Historically,
we have operated with negative working capital because our receivable collection
periods and inventory turn rates are faster than the normal payment terms on our
current liabilities. In addition, our sales are not typically seasonal, which
further limits our working capital requirements. Our primary sources of
liquidity are cash flows from operations and availability of borrowings under
our revolving credit facility.

Operating activities provided cash resources of $11.0 million and $21.7 million
in the first quarter of 2000 and 1999, respectively. The cash provided by
operating activities in the first quarter of 2000 consisted mainly of earnings
before interest, taxes, depreciation and amortization expenses ("EBITDA") of
$33.3 million, offset by interest payments of $14.5 million, income tax payments
of $1.0 million and other changes in operating assets of $6.8 million. The cash
provided by operating activities in the first quarter of 1999 consisted mainly
of EBITDA of $30.2 million, offset by interest payments of $0.1 million, income
tax payments of $0.8 million and other changes in operating assets of $7.6
million.

Net cash used in investing activities consisted primarily of capital
expenditures and investments in marketable securities, partially offset by
proceeds from asset sales and collections on notes receivable from franchisees.
Net cash used in investing activities was $11.1 million for the first quarter of
2000.

Capital expenditures were $11.0 million for the first quarter of 2000. We spent
$2.7 million on domestic corporate stores, of which $1.7 million was related to
the Domino's Image 2000 campaign, $4.8 million for acquiring fifteen franchise
stores, $1.8 million related to investments in technology and $1.5 million in
distribution, primarily for new equipment and equipment upgrades.

Net cash used in financing activities was $9.8 million for the first quarter of
2000. Net cash used in financing activities included repayments of long-term
debt of $9.5 million.

As of March 26, 2000, we had $708.1 million of long-term debt and stockholders'
deficit of $474.4 million. As of March 26, 2000, there were no borrowings under
our $100 million revolving credit facility and letters of credit issued under
that facility were $6.4 million. The borrowings under the revolving credit
facility are available to fund our working capital requirements, capital
expenditures and other general corporate purposes.

Our primary sources of liquidity continue to be cash flow from operations and
available borrowings under our revolving credit facility. We expect that ongoing
requirements for debt service and capital expenditures will be funded from these
sources.

Based upon the current level of operations and anticipated growth, we believe
that the cash generated from operations and amounts available under the
revolving credit facility will be adequate to meet our anticipated debt service
requirements, capital expenditures and working capital needs for the next
several

                                       8
<PAGE>

years. There can be no assurance, however, that our business will generate
sufficient cash flow from operations or that future borrowings will be available
under the senior credit facilities or otherwise to enable us to service our
indebtedness, including the senior credit facilities and the Senior Subordinated
Notes, to redeem or refinance TISM's Cumulative Preferred Stock when required or
to make anticipated capital expenditures. Our future operating performance and
our ability to service or refinance the Senior Subordinated Notes and to
service, extend or refinance the senior credit facilities will be subject to
future economic conditions and to financial, business and other factors, many of
which are beyond our control.

Forward-Looking Statements
--------------------------
Certain statements contained in this filing relating to capital spending levels
and the adequacy of our capital resources are forward-looking. Also statements
that contain words such as "believes," "expects," "anticipates," "intends,"
"estimates" or similar expressions are forward-looking statements. Forward-
looking statements involve risks and uncertainties that could cause actual
results to differ materially from those expressed or implied by such forward-
looking statements. Among these risks and uncertainties are competitive factors,
increases in our operating costs, ability to retain our key personnel, our
substantial leverage, ability to implement our growth and cost-saving
strategies, industry trends and general economic conditions, adequacy of
insurance coverage and other factors, all of which are described in the 10-K for
the year ended January 2, 2000 and our other filings with the Securities and
Exchange Commission. We do not undertake to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

Item 3.   Quantitative and Qualitative Disclosures About Market Risk

Market Risk

The Company's use of derivative instruments is primarily limited to interest
rate swaps and foreign currency forward contracts. The Company does not enter
into financial derivatives for trading purposes.

Interest Rate Swaps
-------------------
We enter into interest rate swaps with the objective of reducing our volatility
in borrowing costs. In 1999, we entered into two interest rate swap agreements
to effectively convert the Eurodollar rate component of the interest on a
portion of our variable rate bank debt to a fixed rate of 5.12% through December
2001. At March 26, 2000, the notional amount of these swap agreements was $178
million.

Foreign Currency Forward Contracts
----------------------------------
We use foreign currency forward contracts to minimize the effect of a
fluctuating Japanese yen on royalty revenues from franchised operations in
Japan. As currency rates change, the gains and losses with respect to these
contracts are recognized in income. For the fiscal quarter ended March 26, 2000,
no significant gains or losses were recognized under the foreign currency
forward contracts.

Interest Rate Risk
------------------
The Company's variable interest expense is sensitive to changes in the general
level of United States and European interest rates. A portion of the Company's
debt currently is borrowed at Eurodollar rates plus a blended rate of
approximately 3.3% and is sensitive to changes in interest rates. At March 26,
2000, the weighted average interest rate on our $429.9 million of variable
interest debt was approximately 9.5% and the fair value of the debt approximates
its carrying value.

The Company had interest expense of $17.5 million for the first quarter of 2000.
The potential increase in interest expense for the first quarter of 2000 from a
hypothetical 2% adverse change in the variable interest rates, would be
approximately $1.2 million.



PART II.  OTHER INFORMATION

Item 1. Legal Proceedings

None.

Item 2. Changes in Securities and Use Of Proceeds

                                       9
<PAGE>

None.

Item 3. Defaults Under Senior Securities

None.

Item 4. Submission of Matters to a Vote of Security Holders

None.

Item 5. Other Information

None.

Item 6. Exhibits and Reports on Form 8-K

a.   Exhibits

     Exhibit
     Number    Description
     ------    -----------

     27        Financial Data Schedule which is submitted electronically to the
               Securities and Exchange Commission for information only and not
               deemed to be filed with the Commission.

b.   Current Reports on Form 8-K

     There were no reports filed on Form 8-K during the quarter ended March 26,
     2000.

SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                              DOMINO'S, INC.
                              (Registrant)


Date: May 9, 2000                    /s/ Harry J. Silverman
                                     -------------------------------------------
                                     Harry J. Silverman, Chief Financial Officer

                                      10