DPZ
Domino's Pizza, Inc.
Price as of Jul 20, 2026
DPZ earnings
Domino's Pizza, Inc. earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 27, 2026 | $4.29 | $4.13 | -3.7% | $1.2B | -1.0% |
| Oct 14, 2025 | $3.96 | $4.08 | +3.0% | $1.1B | -24.7% |
| Jul 21, 2025 | $3.93 | $3.81 | -3.1% | $1.1B | +0.2% |
| Oct 10, 2024 | $3.65 | $4.19 | +14.8% | $1.1B | -27.2% |
| Jul 18, 2024 | $3.68 | $4.03 | +9.5% | $1.1B | -0.5% |
| Feb 26, 2024 | $4.38 | $4.48 | +2.3% | $1.4B | -1.4% |
| Oct 12, 2023 | $3.30 | $4.18 | +26.7% | $1.0B | -2.4% |
| Jul 24, 2023 | $3.05 | $3.08 | +1.0% | $1.0B | -4.5% |
| Feb 23, 2023 | $3.94 | $3.97 | +0.8% | $1.4B | -3.2% |
| Oct 13, 2022 | $2.97 | $2.79 | -6.1% | $1.1B | +0.2% |
| Jul 21, 2022 | $2.91 | $2.82 | -3.1% | $1.1B | +1.5% |
| Apr 28, 2022 | $3.06 | $2.50 | -18.3% | $1.0B | -1.6% |
Earnings call summary
Q1 FY2026 · April 27, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Russell noted Q1 had positive order count and market share growth but same-store sales of 0.9% fell short of expectations due to consumer uncertainty, inflation, weather, and increased competition. He emphasized Domino's profit power and industry-leading advertising budget. - Progress on Hungry for More strategy: fully launched new app with improved Pizza Tracker and back-of-house DomOS orchestration agent for efficiency. - Bullish on business long-term, citing 11 years of 11 points market share gain, with more sales, stores, and profits. - Sandeep mentioned income from operations increase driven by higher U.S. and international franchise royalties and fees, and gross margin dollar growth in supply chain. - Mentioned share repurchases and dividend growth, and updated 2026 outlook: U.S. same-store sales expected low single digits, international same-store sales growth low single digits, 175 plus net stores in US and ~800 net stores in international, global retail sales growth mid single digits, operating income growth mid to high single digits excluding certain impacts.
Guidance
- U.S. same-store sales now expected low single digits in 2026 due to challenging start and macro pressure. - International same-store sales growth expected low single digits primarily due to macro and geopolitical uncertainty. - Expect 175 plus net stores in US and approximately 800 net stores in international business. - Global retail sales growth now expected mid single digits for the year. - Operating income growth now expected mid to high single digits excluding impact of foreign currency, re-franchising gains, and gain on sale of corporate aircraft.
Segment performance
Income from operations increased 4.2% in Q1, excluding the impact of foreign currency and a gain on the sale of the company's corporate aircraft. Global retail sales grew 3.4% in the quarter due to positive U.S. comps and global net store growth of more than 900 stores over the past 12 months. U.S. retail sales grew by 2.8% in Q1, driven by same-store sales and net store growth. Theme store sales grew 0.9% for the quarter. International retail sales grew 4%, excluding the impact of foreign currency in the quarter, driven by net store growth over the last year, inclusive of 161 stores in Q1 that were slightly offset by same-store sales decline of 0.4%.
Risks & headwinds
- Consumer uncertainty, ongoing inflation impacting purchase decisions. - Weather affecting business. - Increased competition within QSR pizza space putting pressure on competitors' franchisee economics and potentially leading to more store closures. - Macro and geopolitical uncertainty impacting international same-store sales growth. - Potential impact of gas prices on consumer disposable income and demand. - Competitive intensity and promotional activity from other players potentially affecting Domino's performance in the short term.
Analyst Q&A
Q: David Tarantino with Baird asked about comps outlook for remainder of year and innovation.
A: Russell said objective is still 3% same-store sales in U.S. Plans will look different, adapting to environment, confident in driving positive low single digits, still growing stores.
Q: Greg Frankfort with Guggenheim asked about competition and store closures.
A: Russell said competitors are seeing what made Domino's successful, their promotions are a headwind in Q1, competition can't drive volumes like Domino's, closures will continue.
Q: David Palmer with Evercore ISI asked about pizza category growth concerns.
A: Russell said pizza category growth trend has been 1-2% consistently, Domino's has significant runway in carryout business with 20% share.
Q: Brian Bittner with Oppenheimer asked about trend change in Domino's comps.
A: Russell said Q1 had noise but still gained share, long term confident in gaining share.
Q: John Ivanko with JPMorgan asked about pizza innovation and non-pizza categories.
A: Russell said has multi-year product innovation strategy, pizza innovation in pipeline, has sandwich and chicken products.
Q: Peter Soleil with BTIG asked about consumer health by income cohort.
A: Russell said lower-income customer affected, but Domino's grew in all income cohorts.
Q: Chris O'Call with Stiefel Financial Group asked about sales lift from competitors' store closures.
A: Russell said see lift, attrition continues, strategy working.
Q: Dennis Geiger with UBS asked about discounting and competition.
A: Russell said Domino's is driver of competitive intensity, can drive profitable volume growth.
Q: Lauren Silverman with Deutsche Bank asked about low single digit definition and gas prices impact.
A: Russell said low single digits, gas prices impact consumer disposable income, staffed with drivers.
Q: Andrew Charles with TD Cowen asked about narrowing performance between delivery and carryout.
A: Russell said carryout grew 2.4%, strong retail sales growth, strong franchisee pipeline.
Q: Christine Cho with Goldman Sachs asked about international business impact from war and DPE.
A: Russell said Middle East business not impacted, working closely with DPE, European and America's business performed well.
Q: Jeff Farmer with Gordon Haskett asked about income cohorts below expectations.
A: Russell said consistent across all income cohorts, competitive activity short-term transitory.
Q: Danilo Gargiulo with Bernstein asked about leverage and share repurchases.
A: Sandeep said decision tree based on interest rates, committed to returning capital to shareholders.
Q: Sarah Senator with Bank of America asked about DPE drag and promotional impact.
A: Russell said long-term potential of DPE market too big, promotional impact transitory.
Q: John Tower with Citi asked about macro in guidance and channel shift.
A: Russell said guidance updated with macro pressure, expecting growth in delivery and carryout.
Q: Brian Harbor with Morgan Stanley asked about advertising effectiveness.
A: Russell said working on great stories in addition to advertising spend.
Q: Chris Carroll with KeyBank Capital Markets asked about margin outlook.
A: Sandeep said supply chain margins positive, company stores less material to profitability.
Q: Jeffrey Bernstein with Barclays asked about broader QSR segment impact.
A: Russell said competitors giving customers what they want, Domino's has resources to compete.
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-07-20.