Domino's Pizza, Inc. (DPZ) Earnings
Domino's Pizza, Inc. is expected to report next earnings on July 20, 2026 (in NaN days), with a consensus EPS estimate of $4.25. DPZ has beaten EPS estimates in 5 of its last 12 reported quarters (average surprise +2.8% over the last four).
| 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% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
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.