Track market-moving stories before they get noisy

Posted by Defense World Staff on Jul 23rd, 2026

Domino’s Pizza Inc (NASDAQ:DPZ – Get Free Report) has received an average rating of “Moderate Buy” from the thirty-one research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eighteen have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $402.1613.

Several brokerages have recently commented on DPZ. Jefferies Financial Group lowered their price target on shares of Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating for the company in a research report on Tuesday, April 28th. Wells Fargo & Company boosted their price target on shares of Domino’s Pizza from $325.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Morgan Stanley cut their price objective on shares of Domino’s Pizza from $395.00 to $370.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Domino’s Pizza from $435.00 to $385.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Finally, Stifel Nicolaus set a $400.00 target price on shares of Domino’s Pizza in a report on Monday, April 27th.

Get Our Latest Analysis on DPZ

Key Domino’s Pizza News Here are the key news stories impacting Domino’s Pizza this week:

Positive Sentiment: Domino’s reported quarterly revenue of about $1.19 billion, topping estimates and signaling that sales momentum is holding up better than expected. Domino’s Pizza shares rise as quarterly revenue tops estimates Positive Sentiment: Analysts responded with multiple price-target updates that still imply meaningful upside, including BMO, Oppenheimer, Wells Fargo and BTIG, which supports the stock after earnings. These Analysts Revise Their Forecasts On Domino’s After Q2 Results Positive Sentiment: Some commentary highlighted strong free cash flow and attractive valuation, suggesting investors may view DPZ as inexpensive relative to its earnings power. Domino’s Pizza Delivers Strong FCF and FCF Margins – Is DPZ Stock Too Cheap? Neutral Sentiment: Domino’s launched S’mores Lava Cakes nationwide, a marketing/menu move that could help traffic but is not a major near-term earnings catalyst. Domino’s Pizza (DPZ) Launches S’mores Lava Cakes Nationwide Across The U.S. Negative Sentiment: Adjusted EPS missed consensus, and several reports said the outlook remains murky due to weaker ticket trends, promotion pressure and higher costs. Domino’s revenue beats estimates as supply-chain business offsets weak demand Negative Sentiment: CEO Russell Weiner sold 10,850 shares for about $3.6 million, which may raise some investor caution about insider sentiment. Domino’s CEO Russell Weiner Sells 10,850 Shares for $3.6 Million — Should Investors Be Worried? Insider Activity at Domino’s Pizza In related news, EVP Kelly E. Garcia sold 487 shares of Domino’s Pizza stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $297.01, for a total transaction of $144,643.87. Following the completion of the sale, the executive vice president directly owned 9,352 shares of the company’s stock, valued at $2,777,637.52. The trade was a 4.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 1,950 shares of company stock worth $611,451 over the last ninety days. 0.89% of the stock is owned by insiders.

Hedge Funds Weigh In On Domino’s Pizza Several institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas grew its stake in Domino’s Pizza by 55.7% in the fourth quarter. Teacher Retirement System of Texas now owns 45,212 shares of the restaurant operator’s stock valued at $18,845,000 after acquiring an additional 16,179 shares during the period. Amica Mutual Insurance Co. increased its holdings in shares of Domino’s Pizza by 59.8% in the fourth quarter. Amica Mutual Insurance Co. now owns 16,576 shares of the restaurant operator’s stock worth $6,909,000 after acquiring an additional 6,203 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Domino’s Pizza by 10.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 67,117 shares of the restaurant operator’s stock worth $28,544,000 after acquiring an additional 6,223 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Domino’s Pizza by 21,977.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 914,672 shares of the restaurant operator’s stock worth $381,254,000 after purchasing an additional 910,529 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Domino’s Pizza by 18.0% during the 4th quarter. Fisher Asset Management LLC now owns 34,632 shares of the restaurant operator’s stock valued at $14,436,000 after purchasing an additional 5,282 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors and hedge funds.

Domino’s Pizza Stock Down 2.0% DPZ stock opened at $319.83 on Thursday. The company has a market cap of $10.58 billion, a P/E ratio of 18.14, a PEG ratio of 1.61 and a beta of 0.97. Domino’s Pizza has a twelve month low of $282.00 and a twelve month high of $486.68. The business has a fifty day moving average of $309.79 and a 200-day moving average of $356.34.

Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last announced its quarterly earnings data on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). The firm had revenue of $1.19 billion during the quarter. Domino’s Pizza had a negative return on equity of 15.15% and a net margin of 11.86%.The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $3.81 EPS. As a group, equities research analysts anticipate that Domino’s Pizza will post 18.86 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a $1.99 dividend. This represents a $7.96 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, September 15th. Domino’s Pizza’s dividend payout ratio (DPR) is currently 45.15%.

Domino’s Pizza Company Profile (Get Free Report)

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

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Posted by Defense World Staff on Jul 22nd, 2026

Bank of New York Mellon Corp reduced its position in Domino’s Pizza Inc (NASDAQ:DPZ – Free Report) by 29.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 236,291 shares of the restaurant operator’s stock after selling 96,415 shares during the period. Bank of New York Mellon Corp owned about 0.71% of Domino’s Pizza worth $84,779,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DPZ. Checchi Capital Advisers LLC lifted its position in shares of Domino’s Pizza by 29.3% in the 1st quarter. Checchi Capital Advisers LLC now owns 640 shares of the restaurant operator’s stock valued at $230,000 after acquiring an additional 145 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Domino’s Pizza by 168.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 1,691 shares of the restaurant operator’s stock valued at $607,000 after purchasing an additional 1,061 shares during the period. WJ Financial Advisors LLC purchased a new stake in shares of Domino’s Pizza in the first quarter valued at $689,000. Schwartz Investment Counsel Inc. purchased a new stake in shares of Domino’s Pizza in the first quarter valued at $19,733,000. Finally, Arbejdsmarkedets Tillaegspension boosted its position in shares of Domino’s Pizza by 26.2% in the first quarter. Arbejdsmarkedets Tillaegspension now owns 70,362 shares of the restaurant operator’s stock worth $25,245,000 after buying an additional 14,611 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Domino’s Pizza Trading Down 0.8% DPZ opened at $326.34 on Wednesday. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 1.62 and a beta of 0.97. Domino’s Pizza Inc has a 1 year low of $282.00 and a 1 year high of $486.68. The stock has a fifty day moving average price of $309.57 and a 200 day moving average price of $357.03.

Domino’s Pizza (NASDAQ:DPZ – Get Free Report) last issued its earnings results on Monday, July 20th. The restaurant operator reported $4.07 EPS for the quarter, missing analysts’ consensus estimates of $4.17 by ($0.10). Domino’s Pizza had a net margin of 11.86% and a negative return on equity of 15.15%. The firm had revenue of $1.19 billion during the quarter. During the same quarter in the prior year, the business earned $3.81 EPS. Domino’s Pizza’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts forecast that Domino’s Pizza Inc will post 18.89 earnings per share for the current fiscal year.

Domino’s Pizza Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a $1.99 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $7.96 dividend on an annualized basis and a yield of 2.4%. Domino’s Pizza’s dividend payout ratio is currently 45.15%.

Insiders Place Their Bets In related news, EVP Kelly E. Garcia sold 488 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $313.16, for a total transaction of $152,822.08. Following the transaction, the executive vice president owned 9,352 shares of the company’s stock, valued at approximately $2,928,672.32. This trade represents a 4.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 1,950 shares of company stock worth $611,451 over the last 90 days. 0.89% of the stock is currently owned by company insiders.

Key Domino’s Pizza News Here are the key news stories impacting Domino’s Pizza this week:

Positive Sentiment: Domino’s beat revenue estimates in Q2, with sales up 4.3% year over year, and management highlighted stronger order volume across delivery and carryout. Domino’s revenue beats estimates as supply-chain business offsets weak demand Positive Sentiment: Analysts responded with several price-target updates, including Wells Fargo raising its target to $350 and BTIG reaffirming a Buy rating with a $425 target, suggesting some confidence in the longer-term setup. These Analysts Revise Their Forecasts On Domino’s After Q2 Results Positive Sentiment: Free cash flow and cash flow margins were described as strong, which is helping the stock appeal to value-oriented investors after the post-earnings reaction. Domino’s Pizza Delivers Strong FCF and FCF Margins – Is DPZ Stock Too Cheap? Wall Street Analysts Forecast Growth Several research analysts recently weighed in on DPZ shares. Piper Sandler dropped their price target on Domino’s Pizza from $421.00 to $359.00 and set a “neutral” rating on the stock in a research report on Monday, April 27th. Weiss Ratings cut Domino’s Pizza from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 29th. Jefferies Financial Group dropped their target price on Domino’s Pizza from $400.00 to $350.00 and set a “hold” rating on the stock in a report on Tuesday, April 28th. Gordon Haskett reduced their price target on shares of Domino’s Pizza from $440.00 to $380.00 and set a “buy” rating for the company in a research report on Tuesday, April 28th. Finally, Benchmark restated a “buy” rating on shares of Domino’s Pizza in a report on Tuesday. Eighteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $402.16.

Read Our Latest Stock Report on Domino’s Pizza

Domino’s Pizza Company Profile (Free Report)

Domino’s Pizza, Inc (NASDAQ: DPZ) is a global pizza delivery and carryout chain founded in 1960 and headquartered in Ann Arbor, Michigan. The company specializes in a broad range of hand‐crafted pizzas, including hand-tossed, thin crust and specialty offerings, alongside side items such as chicken wings, sandwiches, pasta, desserts and beverages. Domino’s has built its brand on convenience and speed, leveraging proprietary ordering platforms and its Domino’s Tracker system to provide real-time status updates from order placement through delivery.

Operating predominantly under a franchise model, Domino’s has more than 17,000 stores worldwide, with approximately 95% of outlets owned and operated by independent franchisees.

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Domino's Pizza, Inc. reported flat U.S. same-store sales, with order growth offset by lower average ticket values due to weak premium pizza demand. DPZ's operating margin remains resilient at 19.4%, but franchisee profitability and new U.S. store openings are under pressure from rising input costs and cautious consumer sentiment. The company's EV/EBITDA multiple has compressed to 14x, about 30% below its historical average but still at a sector premium, reflecting market skepticism.

Revenue increased 4.3% year over year to $1.194 billion, exceeding analysts’ estimates of $1.18 billion. Adjusted earnings came in at $4.07 per share, below the consensus estimate of $4.20.

“In the second quarter, Domino’s drove meaningful order count growth,” said Russell Weiner, Domino’s Chief Executive Officer. “I believe order growth is the most important driver of long-term success in our business. In a quarter where the broader U.S. QSR industry continued to face pressure on consumer demand, Domino’s generated order count growth across both our delivery and carryout businesses, bringing millions of new customers to our brand.”

Domino’s shares rose 0.6% to trade at $331.02 on Tuesday.

These analysts made changes to their price targets on Domino’s following earnings announcement.

TD Cowen analyst Andrew M. Charles maintained the stock with a Hold and raised the price target from $295 to $310. BMO Capital analyst Andrew Strelzik maintained the stock with an Outperform rating and cut the price target from $450 to $420. Evercore ISI Group analyst David Palmer maintained the stock with an Outperform rating and raised the price target from $350 to $375. Considering buying DPZ stock? Here’s what analysts think:

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Key Takeaways DPZ trades below industry, sector, market and five-year median valuation benchmarks after its pullback.Q2 revenues beat estimates, but EPS missed as U.S. same-store sales rose 0.1% and ticket trends softened.Margins and cash flow weakened as food, labor, insurance and higher capital spending pressured results. Domino’s Pizza, Inc. (DPZ - Free Report) has pulled back enough to make valuation part of the debate again. The stock no longer looks stretched compared with several benchmarks, and the company still has a powerful franchise model.

The harder question is whether that reset is enough. Estimate pressure, softer ticket trends, margin strain and weaker cash conversion make DPZ look more like a patient investor’s watchlist stock than a clear bargain.

DPZ Valuation Has Reset to Lower LevelsDPZ trades at 16.57X forward 12-month earnings. That compares with 22.63X for the Zacks sub-industry, 23.03X for the Zacks sector and 20.74X for the S&P 500 index.

The discount also shows up against Domino’s own history. Over the past five years, the stock has traded between 14.21X and 40.6X, with a five-year median of 25.16X. That lower multiple gives investors a reason to ask whether much of the disappointment is already reflected in the share price.

Domino’s Results Are Strong but Not CleanSecond-quarter fiscal 2026 revenues rose 4.3% year over year to $1.19 billion and beat the Zacks Consensus Estimate by $15.18 million. Earnings per share of $4.07 increased from $3.81 a year earlier but missed the consensus mark by 10 cents.

The positives were not minor. Supply-chain revenues increased, global franchise royalties improved and the system added 209 net stores, including 26 in the United States and 183 internationally. Papa John’s International, Inc. (PZZA - Free Report) , which currently carries a Zacks Rank #5 (Strong Sell), remains a relevant peer in the same pizza category, where value messaging, delivery demand and franchisee economics are central investor issues.

Still, the quarter had weak spots. U.S. same-store sales increased just 0.1%, and international same-store sales declined 0.1%, excluding currency. Management pointed to strong order counts, but lower average ticket limited the benefit.

DPZ's Margin Pressure Still Clouds the CaseDomino’s is leaning more heavily on value at a time when the broader restaurant market remains promotional. The company revised its second-half marketing calendar and added Stuffed Crust to its Best Deal Ever promotion.

That may support traffic, but it also keeps the ticket and margin debate alive. Pricing rose just 0.2% in the quarter, while weaker product mix weighed on comparable sales.

Cost pressure adds another layer of risk. U.S. company-owned store gross margin declined to 11.4% in the second quarter from 15.6% a year earlier. Food costs, labor costs and insurance all moved against the company.

McDonald’s Corporation (MCD - Free Report) , which currently carries a Zacks Rank #4 (Sell), is another useful reference point for investors watching value-led quick-service restaurant demand. Across the group, the challenge is not just driving visits but doing so without sacrificing too much pricing power or restaurant-level profitability.

Domino’s Cash Flow Leaves Some QuestionsCash generation also softened. Net cash provided by operating activities fell 3.9% year over year to $352.6 million in the first two fiscal quarters of 2026.

Free cash flow declined 5.5% to $313.6 million as capital expenditures rose to $39.0 million. The decline reflected changes in operating assets and liabilities, along with the timing and amount of advertising-related payments.

The balance sheet still requires attention. Long-term debt was about $4.88 billion at quarter-end, while first-half interest expense increased to $92.3 million from $90.2 million.

There are offsets. Domino’s repurchased $231.3 million of stock in the first half, had $1.23 billion remaining under its authorization and maintained a quarterly dividend of $1.99 per share. Its leverage ratio also improved to 4.3X from 4.7X a year earlier.

Why DPZ Ratings Favor PatienceThe bottom line is that DPZ has become more reasonably valued, but the operating setup is not yet clean enough to call the pullback a straightforward opportunity. The business still has durable advantages, yet ticket weakness, cost inflation and softer estimate trends keep the near-term case uneven.

DPZ stock currently carries a Zacks Rank #4. That rank points to caution over the next one to three months, especially with current-year earnings estimates down over the past 30 days.

The Style Scores tell a more mixed story. DPZ has a Growth Score of A, reflecting the appeal of its long-term business model. Its Value Score of C suggests only moderate cheapness, while a Momentum Score of F signals unfavorable near-term stock behavior. That combination supports a patient stance.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Domino's Pizza, Inc. (DPZ) Q2 2026 Earnings Call Transcript

Domino's Pizza Today

DPZ

Domino's Pizza

$325.77 +3.59 (+1.11%)

As of 03:36 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$282.00▼

$496.00Dividend Yield2.44%

P/E Ratio18.82

Price Target$400.57

The second-quarter earnings report from Domino's Pizza NASDAQ: DPZ reveals an intense tug-of-war between exceptional market share expansion and near-term margin deterioration. In a quick-service restaurant environment defined by flatlining order counts and weary consumers, Domino's is successfully driving record transaction volume.

Inflation is forcing a brutal consolidation across the broader restaurant industry, as budget-conscious diners pull back on discretionary spending. Domino's is purposefully absorbing that displaced market share through aggressive value pricing. Order counts are growing meaningfully across both carryout and delivery channels, proving that the underlying customer-acquisition model is highly effective right now.

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Weighing the Cost of Customer AcquisitionThe cost of that top-line customer acquisition is beginning to squeeze store-level economics, leading to a stark financial divergence. Domino's delivered a solid revenue beat of $1.19 billion, up 4.3% year over year. Earnings per share came in at $4.07, missing consensus estimates of $4.17.

For investors, this dynamic presents a classic transitional setup. Aggregator dominance and aggressive promotions are rapidly expanding the brand's customer base, but internal execution missteps on premium menu items have stalled average ticket growth.

With the stock trading near $328 and down roughly 22% year-to-date, Domino's is currently pricing in the friction of lowered unit development and margin compression. Understanding the mechanics of this volume-versus-ticket barbell strategy is essential to evaluating the underlying cash flow model.

Topping the Charts on Uber Eats and DoorDashDomino's historically resisted third-party delivery apps, preferring to keep customers within its proprietary digital ecosystem. That stance shifted recently, and the integration into Uber's NYSE: UBER Eats program and DoorDash NASDAQ: DASH has proven highly lucrative. Domino's quickly captured the number-one pizza market share position on both platforms.

Management noted a 50% incrementality rate from these channels. Structurally, incrementality means that half of the aggregator orders represent net-new business rather than existing customers migrating from the native app. These platforms act as top-of-funnel acquisition tools, feeding new consumers into the broader system.

Generating orders is only half the equation in the quick-service industry. To maintain healthy margins, operators must balance promotional volume with premium, higher-ticket items. This is where the second quarter stumbled.

Management attempted to capitalize on the highly successful 2025 launch of Stuffed Crust by introducing a premium Slice Sauce menu series. The new offering failed to resonate with consumers, creating a material drag on average ticket sizes.

Because the premium mix fell short of expectations, U.S. comparable sales essentially flatlined, posting a sluggish 0.1% growth rate. Volume was up, but consumers were spending less per order, completely offsetting the transaction gains.

Feeling the Heat in Store-Level ProfitsTo understand the market's reaction to the earnings miss, investors need to look at the structural mechanics of a franchise model. Corporate revenues benefit directly from higher transaction volumes through supply chain sales and top-line royalties. Indeed, supply chain gross margins expanded by 0.2 percentage points to 12% in the quarter, aided by procurement productivity outpacing a 2.2% increase in the food basket cost.

Franchisees bear the operational brunt of lower ticket sizes. When order counts rise but average checks fall, store-level labor and delivery costs consume a larger share of revenue, compressing the franchisee's profit margin.

The immediate fallout from this margin squeeze is a deceleration in new-store growth. Facing profitability headwinds, management proactively trimmed 2026 U.S. net unit development guidance to roughly 175 stores. International growth also faced friction, with same-store sales contracting 0.1%. A significant portion of this international drag stemmed from Domino's Pizza Enterprises, the largest master franchisee for Domino's, which intentionally reduced lower-margin promotional transactions to structurally reset its own profitability.

Wall Street is acutely aware of these margin pressures. Short interest remains elevated at 11%-12.5% of the total float, representing over 3 million shares sold short. Options markets similarly reflect near-term skepticism, with heavy put-buying indicating that institutional capital requires tangible proof of margin recovery before repricing the equity higher.

Domino's Pizza Inc (DPZ) Price Chart for Monday, July, 20, 2026

A New Chef in the Kitchen and Fresh Menu IdeasDespite near-term execution hurdles, the underlying business is capturing market share rapidly. Chief Operating Officer Joe Jordan assumes the chief executive role on October 1, 2026, inheriting a brand with unmatched scale and a highly effective customer acquisition engine.

Management is already pivoting to correct the ticket-size imbalance. Rather than relying on the underperforming Slice Sauce, Domino's swiftly integrated Stuffed Crust into its Best Deal Ever promotional tier. This functions as paid trial marketing, enticing budget-conscious consumers to trade up for a premium product at a perceived discount, which historically drives strong repeat purchase rates.

The brand teased a highly disruptive product innovation slated for the third quarter. While details remain protected, management indicated the new offering specifically targets out-of-category consumer spending, aiming to capture occasions where diners typically seek non-pizza alternatives. If successful, this launch could provide the exact premium ticket boost needed to balance the current volume surge.

The most compelling leading indicator for long-term investors is the revamped Flywheel loyalty program, which just reported a 20% increase in active users. Capturing new customers through third-party aggregators and converting them into direct loyalty members practically guarantees sticky, recurring revenue for years to come.

Should You Grab a Slice of Domino's Stock?Overall MarketRank™99th Percentile

Analyst RatingModerate Buy

Upside/Downside22.3% Upside

Short Interest LevelHealthy

Dividend StrengthStrong

News Sentiment0.58 Insider TradingSelling Shares

Proj. Earnings Growth9.27%

See Full Analysis

The current valuation reflects a heavily scrutinized near-term outlook. Trading at a trailing price-to-earnings ratio of 18.79 and offering a reliable 2.42% dividend yield, Domino's presents a compelling fundamental setup for those willing to look past the immediate friction in franchisee development. Consensus price targets hover around $400.57, implying over 21% upside from current levels.

The structural advantages of sheer scale, a dominant digital ordering ecosystem, and loyalty program expansion provide a floor for long-term cash generation. Investors may want to add Dominos to a watchlist, monitoring the upcoming third-quarter product launch to see if management can successfully stabilize average ticket sizes while maintaining the current momentum in order count growth. Those with a higher risk tolerance might view the recent multiple compression as a prime entry point into a best-in-class operator navigating a temporary execution hurdle.

Should You Invest $1,000 in Domino's Pizza Right Now?Before you consider Domino's Pizza, you'll want to hear this.

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On this episode of Stock Movers: - AMC Entertainment (AMC) shares jumped after it reported strong adjusted Ebitda for the second quarter that beat the average analyst estimate. - Domino's Pizza Group (DPZ) is moving following news its US comparable sales growth fell to its slowest pace in five quarters, suggesting consumers continue to pull back on dining out, with pizza faring worse than burgers or burrito bowls.

Domino's Pizza (DPZ - Free Report) reported $1.19 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 4.3%. EPS of $4.07 for the same period compares to $3.81 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.17 billion, representing a surprise of +2.07%. The company delivered an EPS surprise of -0.97%, with the consensus EPS estimate being $4.11.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Domino's Pizza performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Store counts - Opened - Total: 250 versus the five-analyst average estimate of 244.Store counts - U.S. Company-owned Stores: 186 versus 263 estimated by five analysts on average.Store counts - U.S. Franchise Stores: 7,045 versus 6,976 estimated by five analysts on average.Store counts - International Stores: 15,300 compared to the 15,281 average estimate based on five analysts.Store counts - Total: 22,531 versus the five-analyst average estimate of 22,520.Same store sales growth - U.S. stores: 0.1% versus the five-analyst average estimate of -0.3%.Store counts - Total U.S. Stores: 7,231 versus 7,239 estimated by five analysts on average.Revenues- U.S. franchise advertising: $134.9 million versus the six-analyst average estimate of $132.66 million. The reported number represents a year-over-year change of +2%.Revenues- U.S. Company-owned stores: $81.83 million compared to the $87.2 million average estimate based on six analysts. The reported number represents a change of -11.5% year over year.Revenues- Supply chain: $731.71 million versus the six-analyst average estimate of $718.84 million. The reported number represents a year-over-year change of +6.5%.Revenues- International franchise royalties and fees: $81.82 million versus the six-analyst average estimate of $82.28 million. The reported number represents a year-over-year change of +6%.Revenues- U.S. franchise royalties and fees: $164.17 million compared to the $157.1 million average estimate based on six analysts. The reported number represents a change of +5.1% year over year.View all Key Company Metrics for Domino's Pizza here>>>

Shares of Domino's Pizza have returned +3.1% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

HomeIndustriesFood/Beverages/TobaccoEarnings ResultsEarnings ResultsJuly 20, 2026, 9:24 a.m. ET

Domino’s reported a 4% increase in year-on-year revenue. Photo: Joe Raedle/Getty ImagesShares of Domino’s jumped Monday after the pizza-delivery giant beat Wall Street’s consensus on revenue, citing franchisees buying more supplies.

The Ann Arbor, Mich.–headquartered company reported a 4% year-on-year increase in revenue to $1.194 billion in the second quarter — beating analysts’ average estimate by about 2.5%, according to data collected by London Stock Exchange Group.

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 1% on Monday.

Following the market opening Monday, the Dow traded up 0.25% to 52,276.40 while the NASDAQ climbed 1.05% to 25,788.54. The S&P 500 also rose, gaining, 0.68% to 7,508.15.

Leading and Lagging Sectors

Communication services shares jumped by 1.6% on Monday.

In trading on Monday, consumer staples stocks fell by 0.3%.

Top Headline

Domino’s Pizza Inc. (NASDAQ:DPZ) stock rose nearly 4% on Monday after the company reported second-quarter revenue that topped Wall Street estimates, although earnings per share missed expectations.

Revenue increased 4.3% year over year to $1.194 billion, exceeding analysts’ estimates of $1.18 billion. Adjusted earnings came in at $4.07 per share, below the consensus estimate of $4.20.

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European shares were mostly lower today. The eurozone’s STOXX 600 declined 0.1%, while Spain’s IBEX 35 Index fell 0.1% London’s FTSE 100 fell 0.5%, Germany’s DAX declined 0.1%, while France’s CAC 40 slipped 0.1%.

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Domino's Pizza Inc (NYSE:DPZ) shares climbed about 3% on Monday after the company reported second quarter results that topped revenue expectations but fell short on earnings, while highlighting continued order growth and global store expansion.

The pizza chain reported adjusted diluted earnings per share of $4.07 for the quarter, below analysts' consensus estimate of $4.19, according to the figures provided.

Revenue increased 4.3% year over year to $1.19 billion, slightly ahead of expectations of $1.18 billion.

Global retail sales, excluding foreign currency impacts, rose 3.0% from a year earlier. U.S. same-store sales increased 0.1%, while international same-store sales, excluding foreign currency effects, declined 0.1%.

Domino's added a net 209 stores during the quarter, including 26 in the United States and 183 internationally, bringing its global store count to 22,531.

Income from operations increased 3.1% to $232.0 million, while net income rose 3.6% to $135.8 million. Diluted earnings per share increased 6.8% from $3.81 a year earlier, aided by share repurchases that reduced the weighted average share count.

Domino’s CEO Russell Weiner said the company delivered meaningful order count growth despite ongoing pressure on consumer demand across the U.S. quick-service restaurant industry.

He added that growth in both delivery and carryout orders helped attract new customers, supporting the company's loyalty program, supply chain business and long-term market share ambitions.

“Our scale and competitive position have never been stronger. Domino’s is uniquely positioned to continue gaining market share and delivering long-term value for shareholders,” Weiner said.

Global retail sales growth (excluding foreign currency impact) of 3.0%

U.S. same store sales growth of 0.1%

 International same store sales decline (excluding foreign currency impact) of 0.1%

Global net store growth of 209 stores, including 26 net store openings in the U.S. and 183 net store openings internationally

Income from operations increased 3.1%; excluding the $1.1 million positive impact of foreign currency exchange rates on international franchise royalty revenues, income from operations increased 2.6%

, /PRNewswire/ -- Domino's Pizza, Inc. (Nasdaq: DPZ), the largest pizza company in the world, announced results for the second quarter of 2026.

"In the second quarter, Domino's drove meaningful order count growth," said Russell Weiner, Domino's Chief Executive Officer. "I believe order growth is the most important driver of long-term success in our business. In a quarter where the broader U.S. QSR industry continued to face pressure on consumer demand, Domino's generated order count growth across both our delivery and carryout businesses, bringing millions of new customers to our brand. These new customers strengthen our long-term growth flywheel by engaging with our loyalty program, while their orders power our supply chain business, fuel store growth, and drive market share. My conviction in Domino's long-term growth potential remains as strong as ever. Our scale and competitive position have never been stronger. Domino's is uniquely positioned to continue gaining market share and delivering long-term value for shareholders."

Second Quarter of 2026 Operational and Financial Highlights (Unaudited):

The tables below outline certain statistical measures utilized by the Company to analyze its performance, as well as key financial results. This historical data is not necessarily indicative of results to be expected for any future period. Refer to Comments on Regulation G below for additional details, including definitions of these statistical measures and certain reconciliations.

Second Quarter

Two Fiscal Quarters

2026

2025

2026

2025

Global retail sales: (in millions of U.S. dollars)

U.S. stores

$

2,381.1

$

2,335.6

$

4,683.7

$

4,576.3

International stores

2,468.9

2,334.2

4,906.0

4,557.7

Total

$

4,850.0

$

4,669.8

$

9,589.7

$

9,134.0

Second Quarter

Two Fiscal Quarters

2026

2025

2026

2025

Global retail sales growth:
   (versus prior year period, excluding foreign currency impact)  

U.S. stores

+ 1.9 %

+ 5.1 %

+ 2.3 %

+ 3.2 %

International stores

+ 4.1 %

+ 6.0 %

+ 4.0 %

+ 7.1 %

Total

+ 3.0 %

+ 5.6 %

+ 3.2 %

+ 5.1 %

Second Quarter

Two Fiscal Quarters

2026

2025

2026

2025

Same store sales growth:
   (versus prior year period)

U.S. Company-owned stores

+ 2.1 %

+ 2.6 %

+ 3.3 %

(0.2) %

U.S. franchise stores

0.0 %

+ 3.4 %

+ 0.4 %

+ 1.5 %

U.S. stores

+ 0.1 %

+ 3.4 %

+ 0.5 %

+ 1.4 %

International stores (excluding foreign currency impact)

(0.1) %

+ 2.4 %

(0.2) %

+ 3.0 %

U.S. Company-
owned Stores

U.S. Franchise
Stores

Total
U.S. Stores

International
Stores

Total

Second quarter of 2026 store counts:     

Store count at March 22, 2026

262

6,943

7,205

15,117

22,322

Openings

1

26

27

223

250

Closings

—

(1)

(1)

(40)

(41)

Transfers

(77)

77

—

—

—

Store count at June 14, 2026

186

7,045

7,231

15,300

22,531

Second quarter 2026 net store growth

1

25

26

183

209

Trailing four quarters net store growth

6

164

170

825

995

Second Quarter

Two Fiscal Quarters

(In millions, except percentages, percentage points, per
share data and leverage ratio)

2026

2025

Increase/
(Decrease)

2026

2025

Increase/
(Decrease)

Total revenues

$1,194.4

$1,145.1

+ 4.3 %

$2,345.0

$2,257.2

+ 3.9 %

Supply chain gross margin

12.0 %

11.8 %

+ 0.2 pp

12.1 %

11.7 %

+ 0.4 pp

Income from operations

$232.0

$225.0

+ 3.1 %

$462.4

$435.1

+ 6.3 %

Net income

$135.8

$131.1

+ 3.6 %

$275.6

$280.7

(1.8) %

Diluted earnings per share

$4.07

$3.81

+ 6.8 %

$8.21

$8.14

+ 0.9 %

Leverage ratio

4.3x

4.7x

(0.4)x

Net cash provided by operating activities

$352.6

$366.9

(3.9) %

Capital expenditures

(39.0)

(35.2)

+ 10.8 %

Free cash flow

$313.6

$331.7

(5.5) %

Revenues increased $49.3 million, or 4.3%, in the second quarter of 2026 as compared to the second quarter of 2025, primarily due to higher supply chain revenues and higher global franchise royalties and advertising revenues. The increase in supply chain revenues was primarily attributable to higher order volumes, as well as an increase in the Company's food basket pricing to stores, which increased 2.2% in the second quarter of 2026 as compared to the second quarter of 2025. The increases in U.S. franchise royalties and advertising revenues were primarily driven by an increase in the average number of U.S. franchise stores open during the period resulting from net store growth during the trailing four quarters. International franchise royalties increased primarily due to net store growth during the trailing four quarters, as well as the positive impact of foreign currency exchange rates on international franchise royalty revenues of $1.1 million. These increases in revenues were partially offset by lower U.S. Company-owned store revenues as a result of the refranchising of certain U.S. Company-owned store markets in the second quarters of 2026 and 2025. Supply chain gross margin increased 0.2 percentage points in the second quarter of 2026 as compared to the second quarter of 2025, primarily due to procurement productivity, partially offset by an increase in the cost of the Company's food basket. Income from operations increased $7.0 million, or 3.1%, in the second quarter of 2026 as compared to the second quarter of 2025. Excluding the positive impact of foreign currency exchange rates on international franchise royalty revenues of $1.1 million, income from operations increased $5.9 million, or 2.6%, primarily due to higher U.S. and international franchise royalties and fees and gross margin dollar growth within supply chain. These increases in income from operations were partially offset by higher general and administrative expenses primarily due to expenses related to the Company's Worldwide Rally, which takes place every two years, in the second quarter of 2026. Net income increased $4.7 million, or 3.6%, in the second quarter of 2026 as compared to the second quarter of 2025, primarily due to higher income from operations, and to a lesser extent, a favorable change of $3.6 million in the pre-tax unrealized and realized losses associated with the remeasurement of the Company's investment in DPC Dash Ltd ("DPC Dash"). Diluted EPS was $4.07 in the second quarter of 2026 as compared to $3.81 in the second quarter of 2025, representing a $0.26, or 6.8%, increase. The increase in diluted EPS was driven by higher net income, as well as a lower weighted average diluted share count resulting from the Company's share repurchases during the trailing four quarters. Net cash provided by operating activities was $352.6 million in the two fiscal quarters of 2026 as compared to $366.9 million in the two fiscal quarters of 2025. The Company spent $39.0 million on capital expenditures in the two fiscal quarters of 2026 as compared to $35.2 million in the two fiscal quarters of 2025, resulting in free cash flow of $313.6 million in the two fiscal quarters of 2026 as compared to $331.7 million in the two fiscal quarters of 2025. The decrease in free cash flow was a result of the negative impact of changes in operating assets and liabilities and the timing and amount of payments for advertising activities. These decreases were partially offset by the increase in income from operations (excluding the pre-tax realized gain on the sale of the Company's fully depreciated corporate aircraft in the first quarter of 2026). Quarterly Dividend

Subsequent to the end of the second quarter of 2026, on July 14, 2026, the Company's Board of Directors declared a $1.99 per share quarterly dividend on its outstanding common stock for shareholders of record as of September 15, 2026, to be paid on September 30, 2026.

Share Repurchases

During the second quarter of 2026, the Company repurchased and retired 443,917 shares of common stock for a total of $156.2 million. During the two fiscal quarters of 2026, the Company repurchased and retired 632,221 shares of common stock for a total of $231.3 million. As of June 14, 2026, the Company had a total remaining authorized amount for share repurchases of $1.23 billion.

Comments on Regulation G

In addition to the GAAP financial measures set forth in this press release, the Company has included non-GAAP financial measures within the meaning of Regulation G, including free cash flow, income from operations, excluding foreign currency impact and Consolidated Adjusted EBITDA. The Company has also included metrics such as global retail sales, global retail sales growth (excluding foreign currency impact), same store sales growth, net store growth, food basket pricing change, impact of changes in foreign currency exchange rates on international franchise royalty revenues and the leverage ratio, which are commonly used statistical measures in the quick-service restaurant industry that are important to understanding Company performance.

The Company uses "global retail sales," a statistical measure, to refer to total worldwide retail sales at Company-owned and franchised stores. The Company believes global retail sales information is useful in analyzing revenues because franchisees pay royalties and, in the U.S., advertising fees that are based on a percentage of franchise retail sales. The Company reviews comparable industry global retail sales information to assess business trends and to track the growth of the Domino's Pizza brand, and believes it is indicative of the financial health of the Company's franchisee base. In addition, supply chain revenues are directly impacted by changes in franchise retail sales in the U.S. and Canada. As a result, sales by Domino's franchisees have a direct effect on the Company's profitability. Retail sales for franchised stores are reported to the Company by its franchisees and are not included in Company revenues. "Global retail sales growth" is calculated as the change of U.S. Dollar global retail sales against the comparable period of the prior year. "Global retail sales growth, excluding foreign currency impact," is calculated as the change of international local currency global retail sales against the comparable period of the prior year. Changes in global retail sales growth, excluding foreign currency impact are primarily driven by same store sales growth and net store growth.

The Company uses "same store sales growth," a statistical measure, which is calculated for a given period by including only sales from stores that also had sales in the comparable weeks of both periods. International same store sales growth is calculated similarly to U.S. same store sales growth. Changes in international same store sales are reported on a constant dollar basis, which reflects changes in international local currency sales. Same store sales growth for transferred stores is reflected in their current classification.

The Company uses "net store growth," a statistical measure, which is calculated by netting gross store openings with gross store closures during the period. Transfers between Company-owned stores and franchised stores are excluded from the calculation of net store growth.

The Company uses "food basket pricing change," a statistical measure, which is calculated as the percentage change of the food basket (including both food and cardboard products) purchased by an average U.S. store (based on average weekly unit sales) from U.S. supply chain centers against the comparable period of the prior year. The Company believes that the food basket pricing change is important to understanding Company performance because as food basket prices fluctuate, revenues, cost of sales and gross margin percentages in the Company's supply chain segment also fluctuate. Additionally, cost of sales, gross margins and gross margin percentages for the Company's U.S. Company-owned stores also fluctuate.

The Company uses "free cash flow," which is calculated as net cash provided by operating activities, less capital expenditures, both as reported under GAAP. The most directly comparable financial measure calculated and presented in accordance with GAAP is net cash provided by operating activities. The Company believes that the free cash flow measure is important to investors and other interested persons, and that such persons benefit from having a measure that communicates how much cash flow is available for working capital needs or repurchasing debt, making acquisitions, repurchasing common stock or paying dividends.

The Company uses "income from operations, excluding foreign currency impact," which is calculated as income from operations as reported under GAAP, less the "impact of changes in foreign currency exchange rates on international franchise royalty revenues," a statistical measure. The most directly comparable financial measure calculated and presented in accordance with GAAP is income from operations. The impact of changes in foreign currency exchange rates on international franchise royalty revenues is calculated as the difference in international franchise royalty revenues resulting from translating current period local currency results to U.S. dollars at current period exchange rates as compared to prior period exchange rates. The Company believes that the impact of changes in foreign currency exchange rates on international franchise royalty revenues is important to understanding Company performance given the significant variability in international franchise royalty revenues that can be driven by changes in foreign currency exchanges rates. International franchise royalty revenues do not have a cost of sales component, so changes in these revenues have a direct impact on income from operations.

The Company uses "Consolidated Adjusted EBITDA," which is calculated as income from operations as reported under GAAP, excluding depreciation and amortization, non-cash equity-based compensation expense, gains and losses from the sale and disposal of assets and refranchising gains and losses, each as reported under GAAP. Consolidated Adjusted EBITDA is defined in the base indenture governing the Company's securitized debt and is used by the Company and investors to calculate the leverage ratio (defined below), and other ratios defined in the indenture governing the Company's securitized debt. As such, Consolidated Adjusted EBITDA is important to investors and other interested persons to understand the financial performance of the Company, and to assess the ability of the Company to meet its financial obligations.

The Company uses the "leverage ratio1," which is calculated as the Company's securitized debt related to its fixed-rate notes and borrowings under its variable funding notes, divided by Consolidated Adjusted EBITDA on a trailing four quarters basis. The Company has historically operated with a leverage ratio between four and six times. The Company reviews its leverage ratio on at least a quarterly basis and believes its leverage ratio is important to investors and other interested persons to understand the capital structure of the Company, and to assess the ability of the Company to meet its financial obligations.

The reconciliation of the leverage ratio for the second quarters of 2026 and 2025 is as follows below.

June 14,
2026

June 15,
2025

2015 Ten-Year Notes

$

—

$

742,000

2017 Ten-Year Notes

940,000

940,000

2018 7.5-Year Notes

—

402,688

2018 9.25-Year Notes

379,000

379,000

2019 Ten-Year Notes

648,000

648,000

2021 7.5-Year Notes

826,625

826,625

2021 Ten-Year Notes

972,500

972,500

2025 Five-Year Notes

500,000

—

2025 Seven-Year Notes

500,000

—

Total fixed-rate notes

$

4,766,125

$

4,910,813

Income from operations - second quarter of 2026 and 2025

$

232,039

$

225,044

Income from operations - first quarter of 2026 and 2025

230,357

210,095

Income from operations - fourth quarter of 2025 and 2024

295,667

273,652

Income from operations - third quarter of 2025 and 2024

223,168

198,831

Income from operations - trailing four quarters

$

981,231

$

907,622

Depreciation and amortization - trailing four quarters

$

88,895

$

88,227

Non-cash equity-based compensation expense - trailing four quarters     

44,431

42,587

Refranchising gain - trailing four quarters

(4,231)

(3,883)

Gain on sale of assets - trailing four quarters

(7,780)

—

Loss on disposal of assets - trailing four quarters

1,739

1,812

Reconciliation of income from operations to
Consolidated Adjusted EBITDA - trailing four quarters

$

123,054

$

128,743

Consolidated Adjusted EBITDA - trailing four quarters

$

1,104,285

$

1,036,365

Leverage ratio

4.3

x

4.7

x

(1)

The Company also calculates and reviews its Senior Leverage Ratio and Holdco Leverage Ratio as defined in the indenture governing the Company's securitized debt.

Conference Call Information

The Company will file its Quarterly Report on Form 10-Q today. As previously announced, Domino's Pizza, Inc. will hold a conference call today at 8:30 a.m. (Eastern) to review its second quarter 2026 financial results. The webcast is available at ir.dominos.com and will be archived for one year.

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. It ranks among the world's top public restaurant brands with a global enterprise of more than 22,500 stores in over 90 markets. Domino's had global retail sales of over $20.6 billion in the trailing four quarters ended June 14, 2026. Its system is comprised of independent franchise owners who accounted for 99% of Domino's stores as of the end of the second quarter of 2026. In the U.S., Domino's generated more than 85% of U.S. retail sales in 2025 via digital channels and has developed many innovative ordering platforms.

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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:

This press release contains various forward-looking statements about the Company within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") that are based on current management expectations that involve substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. The following cautionary statements are being made pursuant to the provisions of the Act and with the intention of obtaining the benefits of the "safe harbor" provisions of the Act. You can identify forward-looking statements by the use of words such as "anticipates," "believes," "could," "should," "estimates," "expects," "intends," "may," "will," "plans," "predicts," "projects," "seeks," "approximately," "potential," "outlook" and similar terms and phrases that concern our strategy, plans or intentions, including references to assumptions. These forward-looking statements address various matters including information concerning future results of operations and business strategy, our anticipated profitability, estimates in same store sales growth, store growth and the growth of our U.S. and international business in general, our ability to service our indebtedness, our future cash flows, our operating performance, trends in our business and other descriptions of future events that reflect the Company's expectations based upon currently available information and data. While we believe these expectations and projections are based on reasonable assumptions, such forward-looking statements are inherently subject to risks, uncertainties and assumptions. 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 28, 2025. Actual results may differ materially from those expressed or implied in the forward-looking statements as a result of various factors, including but not limited to: our substantial indebtedness and our ability to incur additional indebtedness or refinance or renegotiate key terms of that indebtedness in the future; the impact a downgrade in our credit rating may have on our business, financial condition and results of operations; our future financial performance and our ability to pay principal and interest on our indebtedness; the strength of our brand, including our ability to compete in the U.S. and internationally in our intensely competitive industry, including the food service and food delivery markets; our ability to successfully implement our growth strategy, including through our participation in the third-party order aggregation marketplace; labor shortages or changes in operating expenses resulting from increases in prices of food (particularly cheese), fuel and other commodity costs, labor, utilities, insurance, employee benefits and other operating costs or negative economic conditions; the effectiveness of our advertising, operations and promotional initiatives; shortages, interruptions or disruptions in the supply or delivery of fresh food products and store equipment; the additional risks our international operations subject us to, which may differ in each country in which we and our franchisees do business; the dependence of our earnings and business growth strategy on the success of our franchisees; our ability and that of our franchisees to successfully operate in the current and future credit environment; the impact of social media, the rise of artificial intelligence–generated content, or a boycott on our business, brand and reputation; the impact of new or improved technologies, including artificial intelligence, and alternative methods of delivery on consumer behavior; new product, digital ordering and concept developments by us, and other food-industry competitors; our ability to maintain good relationships with and attract new franchisees, and franchisees' ability to successfully manage their operations without negatively impacting our royalty payments and fees or our brand's reputation; our ability to successfully implement cost-saving strategies; changes in the level of consumer spending given general economic conditions, including interest rates, energy prices and consumer confidence or negative economic conditions in general; our ability and that of our franchisees to open new restaurants and keep existing restaurants in operation and maintain demand for new stores; the impact that widespread illness, health epidemics or general health concerns, severe weather conditions and natural disasters may have on our business and the economies of the countries where we operate; changes in foreign currency exchange rates; changes in income tax rates; our ability to retain or replace our executive officers and other key members of management and our ability to adequately staff our stores and supply chain centers with qualified personnel; our ability to find and/or retain suitable real estate for our stores and supply chain centers; changes in government legislation or regulation, including changes in laws and regulations regarding information privacy, payment methods, advertising and consumer protection and social media; adverse legal judgments or settlements; food-borne illness or contamination of products or food tampering or other events that may impact our reputation; data breaches, power loss, technological failures, user error or other cyber risks threatening us or our franchisees; the impact that environmental, social and governance matters may have on our business and reputation; the effect of war, terrorism, catastrophic events, geopolitical or reputational considerations or climate change; our ability to pay dividends and repurchase shares; changes in consumer tastes, spending and traffic patterns and demographic trends; changes in accounting policies; and adequacy of our insurance coverage. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur. All forward-looking statements speak only as of the date of this press release 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 of this press release, 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 in this press release or that may be made elsewhere from time to time by, or on behalf of, us. All forward-looking statements attributable to us are expressly qualified by these cautionary statements.

TABLES TO FOLLOW

Domino's Pizza, Inc. and Subsidiaries

Condensed Consolidated Statements of Income

(Unaudited)

Fiscal Quarter Ended

June 14,
2026

% of
Total
Revenues

June 15,
2025

% of
Total
Revenues

(In thousands, except share and per share data)     

Revenues:

U.S. Company-owned stores

$

81,829

$

92,456

U.S. franchise royalties and fees

164,165

156,261

Supply chain

731,708

687,062

International franchise royalties and fees

81,822

77,164

U.S. franchise advertising

134,903

132,201

Total revenues

1,194,427

100.0

%

1,145,144

100.0

%

Cost of sales:

U.S. Company-owned stores

72,517

78,073

Supply chain

643,682

606,101

Total cost of sales

716,199

60.0

%

684,174

59.7

%

Gross margin

478,228

40.0

%

460,970

40.3

%

General and administrative

115,373

9.7

%

107,608

9.4

%

U.S. franchise advertising

134,903

11.3

%

132,201

11.5

%

Refranchising gain

(4,087)

(0.4)

%

(3,883)

(0.3)

%

Income from operations

232,039

19.4

%

225,044

19.7

%

Other expense

(12,366)

(1.0)

%

(15,974)

(1.4)

%

Interest expense, net

(44,444)

(3.7)

%

(40,819)

(3.6)

%

Income before provision for income taxes

175,229

14.7

%

168,251

14.7

%

Provision for income taxes

39,479

3.3

%

37,160

3.3

%

Net income

$

135,750

11.4

%

$

131,091

11.4

%

Earnings per share:

Common stock – diluted

$

4.07

$

3.81

Weighted average diluted shares

33,318,244

34,401,016

Domino's Pizza, Inc. and Subsidiaries

Condensed Consolidated Statements of Income

(Unaudited)

Two Fiscal Quarters Ended

June 14,
2026

% of
Total
Revenues

June 15,
2025

% of
Total
Revenues

(In thousands, except share and per share data)

Revenues:

U.S. Company-owned stores

$

163,927

$

184,054

U.S. franchise royalties and fees

322,179

307,261

Supply chain

1,430,681

1,356,986

International franchise royalties and fees

162,802

152,723

U.S. franchise advertising

265,432

256,176

Total revenues

2,345,021

100.0

%

2,257,200

100.0

%

Cost of sales:

U.S. Company-owned stores

144,563

154,984

Supply chain

1,257,718

1,198,099

Total cost of sales

1,402,281

59.8

%

1,353,083

59.9

%

Gross margin

942,740

40.2

%

904,117

40.1

%

General and administrative

226,779

9.7

%

216,685

9.6

%

U.S. franchise advertising

265,432

11.3

%

256,176

11.4

%

Refranchising gain

(4,087)

(0.2)

%

(3,883)

(0.2)

%

Gain on sale of assets

(7,780)

(0.3)

%

—

—

Income from operations

462,396

19.7

%

435,139

19.3

%

Other (expense) income

(18,356)

(0.8)

%

8,053

0.4

%

Interest expense, net

(88,169)

(3.7)

%

(82,459)

(3.7)

%

Income before provision for income taxes

355,871

15.2

%

360,733

16.0

%

Provision for income taxes

80,310

3.4

%

79,991

3.6

%

Net income

$

275,561

11.8

%

$

280,742

12.4

%

Earnings per share:

Common stock – diluted

$

8.21

$

8.14

Weighted average diluted shares

33,566,494

34,477,191

Domino's Pizza, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(Unaudited)

June 14,
2026

December 28,
2025

(In thousands)

Assets

Current assets:

Cash and cash equivalents

$

164,836

$

125,675

Restricted cash and cash equivalents     

187,885

216,110

Accounts receivable, net

303,182

315,958

Inventories

75,057

79,189

Prepaid expenses and other

55,049

39,767

Advertising fund assets, restricted

119,410

117,502

Total current assets

905,419

894,201

Property, plant and equipment, net

374,446

324,022

Operating lease right-of-use assets

227,793

219,485

Investment in DPC Dash

17,714

36,070

Other assets

237,950

242,681

Total assets

$

1,763,322

$

1,716,459

Liabilities and stockholders' deficit

Current liabilities:

Current portion of long-term debt

$

7,423

$

6,131

Accounts payable

137,429

135,029

Operating lease liabilities

45,964

47,553

Advertising fund liabilities

117,830

115,412

Other accrued liabilities

280,024

237,496

Total current liabilities

588,670

541,621

Long-term liabilities:

Long-term debt, less current portion

4,876,221

4,810,683

Operating lease liabilities

193,245

183,917

Other accrued liabilities

87,617

81,380

Total long-term liabilities

5,157,083

5,075,980

Total stockholders' deficit

(3,982,431)

(3,901,142)

Total liabilities and stockholders' deficit

$

1,763,322

$

1,716,459

Domino's Pizza, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(Unaudited)

Two Fiscal Quarters Ended

June 14,
2026

June 15,
2025

(In thousands)

Cash flows from operating activities:

Net income

$

275,561

$

280,742

Adjustments to reconcile net income to net cash provided by operating activities:     

Depreciation and amortization

40,781

40,713

Refranchising gain

(4,087)

(3,883)

Gain on sale of assets

(7,780)

—

Loss on disposal of assets

496

612

Amortization of debt issuance costs

2,970

2,419

Provision (benefit) for deferred income taxes

5,150

(2,700)

Non-cash equity-based compensation expense

21,146

21,356

Excess tax benefits from equity-based compensation

(625)

(2,343)

Provision (benefit) for losses on accounts and notes receivable

38

(4)

Unrealized and realized loss (gain) on investments, net

18,356

(8,053)

Changes in operating assets and liabilities

(1,197)

19,663

Changes in advertising fund assets and liabilities, restricted

1,794

18,338

Net cash provided by operating activities

352,603

366,860

Cash flows from investing activities:

Capital expenditures

(39,008)

(35,231)

Proceeds from sale of assets

15,184

8,458

Sale of investments

—

44,085

Other

(826)

(2,517)

Net cash (used in) provided by investing activities

(24,650)

14,795

Cash flows from financing activities:

Repayments of long-term debt and finance lease obligations

(1,575)

(1,861)

Proceeds from exercise of stock options

2,978

12,319

Purchases of common stock

(234,616)

(203,041)

Tax payments for restricted stock upon vesting

(12,863)

(8,472)

Payments of common stock dividends and equivalents

(68,242)

(60,257)

Net cash used in financing activities

(314,318)

(261,312)

Effect of exchange rate changes on cash

(820)

1,848

Change in cash and cash equivalents, restricted cash and cash equivalents

12,815

122,191

Cash and cash equivalents, beginning of period

125,675

186,126

Restricted cash and cash equivalents, beginning of period

216,110

195,370

Cash and cash equivalents included in advertising fund assets, restricted,
   beginning of period

92,200

80,928

Cash and cash equivalents, restricted cash and cash equivalents and
   cash and cash equivalents included in advertising fund assets, restricted,
   beginning of period

433,985

462,424

Cash and cash equivalents, end of period

164,836

272,859

Restricted cash and cash equivalents, end of period

187,885

211,734

Cash and cash equivalents included in advertising fund assets, restricted,
   end of period

94,079

100,022

Cash and cash equivalents, restricted cash and cash equivalents and cash and
   cash equivalents included in advertising fund assets, restricted, end of period

$

446,800

$

584,615

SOURCE Domino's Pizza, Inc.

The company posted a profit of $135.8 million, or $4.07 a share, compared with $131.1 million, or $3.81 a share, a year earlier.

20.7.2026 13:16, DPZ

Americký řetězec rychlého občerstvení Domino's Pizza zveřejnil hospodářské výsledky za druhý kvartál roku 2026. Tržby mírně překonaly odhady analytiků, zisk na akcii však za očekáváním zaostal. Porovnatelné tržby v domácích obchodech stagnovaly.

Výsledky společnosti Domino's Pizza (DPZ) za 2Q 2026   2Q 2026 Konsensus 2Q 2026 2Q 2025 Tržby (mld. USD) 1,19 1,18 1,15 Čistý zisk (mil. USD) 135,8 -- 131,1 Zisk na akcii (EPS, USD/akcie) 4,07 4,18 3,81 Výsledky za 2Q Tržby zaznamenaly meziroční růst o 4,3 % na 1,19 mld. USD, když analytici projektovali 1,18 mld. USD. Za růstem stály především vyšší tržby segmentu dodavatelského řetězce, které táhly vyšší objemy objednávek a zdražení potravinového koše prodejnám o 2,2 %, a dále vyšší franšízové a reklamní poplatky.

Celkový růst porovnatelných tržeb v domácích obchodech činil +0,1 % (Očekávalo se +0,11 %). Porovnatelné tržby v domácích franšízách stagnovaly, zatímco trh počítal s růstem o 0,07 %. Růst porovnatelných tržeb v domácích spoluvlastněných obchodech dosáhl +2,1 %, což překonalo očekávání +0,55 %. Mezinárodní porovnatelné tržby (bez vlivu vývoje měnových párů) naopak poklesly o 0,1 % při konsensu +0,62 %.

Provozní zisk meziročně vzrostl o 3,1 % na 232 mil. USD, když analytici projektovali 225,5 mil. USD.

Čistý zisk meziročně vzrostl o 3,6 % na 135,8 mil. USD.

Řetězec ve 2Q zaznamenal čistý nárůst prodejen o 209 (26 v USA a 183 na mezinárodních trzích), zatímco se očekávalo 199 prodejen. Celkový počet prodejen ke konci kvartálu dosáhl 22 531.

Provozní hotovostní tok za první dvě fiskální čtvrtletí roku 2026 dosáhl 352,6 mil. USD (-3,9 % meziročně) a volný hotovostní tok činil 313,6 mil. USD (-5,5 % meziročně).

Dividenda a zpětný odkup akcií Ve 2Q společnost zpětně odkoupila akcie za 156,2 mil. USD. Představenstvo také deklarovalo kvartální dividendu ve výši 1,99 USD na akcii.

Komentář CEO „Ve druhém kvartále dosáhla společnost Domino’s významného růstu počtu objednávek,“ uvedl generální ředitel Russell Weiner. „Jsem přesvědčen, že růst počtu objednávek je tím nejdůležitějším hnacím motorem dlouhodobého úspěchu našeho podnikání. Ve kvartále, kdy širší americký trh rychlého občerstvení i nadále čelil tlaku na spotřebitelskou poptávku, vygenerovala společnost Domino’s růst počtu objednávek jak v segmentu rozvozu, tak u osobního odběru, a přivedla tak k naší značce miliony nových zákazníků. Tito noví zákazníci posilují náš dlouhodobý motor růstu tím, že se zapojují do našeho věrnostního programu, zatímco jejich objednávky pohánějí náš dodavatelský řetězec, podporují růst sítě poboček a zvyšují náš tržní podíl. Mé přesvědčení o dlouhodobém růstovém potenciálu společnosti Domino’s zůstává silné jako vždy. Naše velikost a konkurenční postavení nebyly nikdy silnější. Společnost Domino’s má jedinečnou pozici k tomu, aby i nadále zvyšovala svůj tržní podíl a přinášela akcionářům dlouhodobou hodnotu,“ dodal Weiner.

Vývoj akcie Akcie Domino's Pizza (DPZ) v předburzovní fázi obchodování posilují o 7,93 % na 347,73 USD.

Akcie Domino's Pizza (DPZ) před výsledky na 322,18 USD Ukazatel   Ukazatel   Kapitalizace (mld. USD) 10,7 P/E 17,9 Vývoj za letošní rok (%) -22,7 Očekávané P/E 16,9 52týdenní minimum (USD) 282,0 Prům. cílová cena (USD) 388,5 52týdenní maximum (USD) 496,0 Dividendový výnos (%) 2,3 Zdroj: Domino's, Bloomberg

Michal Bárta, Fio banka, a.s.

Domino's fiscal Q2 results may reflect gains from supply-chain growth and store expansion, offset by weak demand, promotions and margin pressure.

Domino’s Pizza, Inc. (NASDAQ:DPZ) will release its second quarter earnings report before the opening bell on Monday, July 20.

Analysts expect the Ann Arbor, Michigan-based company to report quarterly earnings of $4.17 per share, up from $3.81 per share in the year-ago period. The consensus estimate for Domino’s quarterly revenue is $1.18 billion. It reported $1.15 billion last year, according to Benzinga Pro.

On July 14, Domino’s announced appointment of two new independent directors and election of Corie Barry as lead independent director.

Shares of Domino’s rose 0.3% to close at $310.87 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

Considering buying DPZ stock? Here’s what analysts think:

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, /PRNewswire/ -- Domino's Pizza, Inc. (Nasdaq: DPZ), the largest pizza company in the world, today announced the appointment of Michael C. Creedon, Jr. and Anneliese Olson to its Board of Directors and the election of Corie Barry as the Lead Independent Director of the Board. Barry replaces Richard Federico who will continue to serve as a member of the Board and as Chairman of the Audit Committee.

Domino’s Pizza Inc. has announced the appointment of Michael C. Creedon Jr. to its Board of Directors.

Anneliese Olson has been appointed to Domino's Pizza Inc.'s Board of Directors. "We're pleased to welcome Mike and Anneliese to the Board," said David Brandon, Domino's Executive Chairman. "Their deep experience leading consumer and technology-driven businesses will bring valuable, fresh perspectives as Domino's continues to execute our long-term strategy. We're also delighted to elect Corie Barry as Lead Independent Director. Corie has been an invaluable member of the Domino's Board since 2018, bringing exceptional strategic insight, financial acumen and a deep understanding of today's consumer. As Lead Independent Director, she will play an even more important role in providing strong independent oversight and helping guide our long-term strategy."

Corie Barry has served on Domino's Board of Directors since July 2018 and is the Chairperson of the Compensation and Human Capital Committee. Barry currently serves as Chief Executive Officer and member of the Board of Directors of Best Buy Co., Inc.

"I'm honored to serve as Lead Independent Director and appreciate the confidence of my fellow independent directors," said Barry. "Domino's has built an exceptional business by combining a great brand, industry leading innovation and technology and a relentless focus on delicious and affordable pizza. I'm excited to help the Board and management team drive the next chapter of success and value creation."

Michael Creedon currently serves as Chief Executive Officer of Dollar Tree, Inc. He joined Dollar Tree as Chief Operating Officer in 2022 and was appointed Chief Executive Officer in 2024. He has served on the Dollar Tree Board of Directors since 2025. Before joining Dollar Tree, Creedon held several senior leadership positions at Advance Auto Parts, culminating in his role as President of U.S. Stores. Earlier in his career, Creedon held leadership roles at Tyco International and ADT Security. Creedon will serve on the Audit Committee of the Board.

"I'm excited to join the Domino's Board of Directors and serve alongside such an accomplished group of leaders," said Creedon. "I've long admired the Company's customer-first culture and look forward to contributing my experience and bringing fresh perspectives to help shape the success of the business."

Anneliese Olson has served as President, Imaging, Printing and Solutions of HP Inc. since November 2024 and has over 30 years of experience at HP. Prior to her current role, Ms. Olson served in various leadership positions within HP, including as Senior Vice President & Managing Director, North America from September 2023 to November 2024, and as Senior Vice President & Chief Operating Officer, Worldwide Print from November 2019 to April 2022. She has held other senior positions throughout her career with HP, bringing a wealth of international experience, having lived and worked in Asia Pacific for more than seven years. Olson will serve on the Audit Committee of the Board.

"Few companies have integrated technology into their business as thoughtfully as Domino's," said Olson. "I have always been impressed by strong global brands that combine scale with the ability to execute locally, and Domino's stands out for the way it continues to innovate for customers around the world. I'm excited to be part of this evolution and to contribute my experience to the Company's next chapter of growth."

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. It ranks among the world's top public restaurant brands with a global enterprise of more than 22,300 stores in over 90 markets. Domino's had global retail sales of over $20.4 billion in the trailing four quarters ended March 22, 2026. Its system is comprised of independent franchise owners who accounted for 99% of Domino's stores as of the end of the first quarter of 2026. In the U.S., Domino's generated more than 85% of U.S. retail sales in 2025 via digital channels and has developed many innovative ordering platforms.

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.

SOURCE Domino's Pizza

1.59K Followers

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Past performance is not an indicator of future performance. This post is illustrative and educational and is not a specific offer of products or services or financial advice. Information in this article is not an offer to buy or sell, or a solicitation of any offer to buy or sell the securities mentioned herein. Information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. Expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change.

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Domino's Pizza demonstrates consistent top-line growth and a reliable history of dividend increases. DPZ's forward dividend yield of 2.66% stands about 9% above the sector median, enhancing its appeal as a revenue compounder. I view the stock's steady growth as justifying premium valuation but acknowledge risks from margin erosion, competition, and pressured consumer spending.

Domino's Pizza Inc (NYSE:DPZ) is expected to report weaker-than-expected US same-store sales for the second quarter as macroeconomic pressures, elevated promotional activity across the pizza category and tougher year-over-year comparisons weigh on performance, according to UBS.

Ahead of the company's July 20 earnings report, the brokerage wrote that investors are likely to focus on current and planned sales initiatives, as well as management's outlook for sales in the second half of the year.

UBS forecasts US same-store sales will decline 1.5% in the second quarter, compared with Wall Street consensus expectations for 0.3% growth. The analysts wrote that softer consumer spending and heightened promotional competition are likely to offset benefits from value offers, marketing investments, the company's loyalty program and third-party delivery partnerships.

The firm expects management to highlight initiatives aimed at improving sales momentum, including continued value promotions, further growth through DoorDash, enhancements to Domino's app and loyalty platform, increased marketing and new menu offerings.

UBS also expects the company to discuss product innovation, including new sauces, expanded chicken options and additional crust platforms following the launch of Parmesan Stuffed Crust. The analysts added that store closures among competitors could help Domino's expand its market share over time.

While UBS continues to view Domino's as well-positioned for longer-term market share gains and global expansion, it sees risks to the company's current 2026 guidance.

UBS wrote that it sees downside risk to the company's current 2026 guidance, including low-single-digit growth in US and international same-store sales and mid- to high-single-digit operating income growth, excluding foreign exchange effects and the benefit of a 53rd week.

Outside the US, UBS forecasts global net store growth of 4.6% in the second quarter, in line with consensus estimates, including 31 net new stores in the US and 165 internationally. The analysts noted that global expansion outside Domino's Pizza Enterprises remains a relative strength, supported by attractive franchise economics, strong franchisee profitability, competitor closures and contributions from key international markets.

UBS added that investors are also likely to focus on Domino's Pizza Enterprises, including the arrival of its new chief executive in August, management's confidence in its turnaround strategy and potential portfolio changes to improve performance.

The firm maintained its $375 price target, saying Domino's valuation appears near a support level despite ongoing macroeconomic uncertainty, with longer-term upside supported by the company's potential to gain market share and accelerate sales growth through its strategic initiatives.

Shares of Domino’s traded hands at $305 on Wednesday afternoon.

It can prove psychologically difficult to buy a stock whose price has dropped, particularly when the market has been strong. A share price drop indicates the market has concerns.

Determining their validity is where an investor can make smart decisions. If the company retains a strong market share and the long-term business prospects remain bright, it's a buying opportunity.

Domino's Pizza (DPZ +2.36%) is in this exact position. The share price has dropped more than 32% over the last year, through July 2. That's well below the S&P 500's (^GSPC 0.45%) 20% gain.

Today's Change

(

2.36

%) $

7.23

Current Price

$

313.14

Here's why this market-dominant company's stock should bounce back strongly, offering significant upside.

Image source: Getty Images.

Expanding market share Domino's Pizza has the largest market share in the quick-service restaurant pizza category, with 23.3% of the U.S. market in 2025, up from 22.5% the previous year. It had leading 32.9% and 19.6% shares in delivery and takeout, respectively.

Management wants to expand market share, too. With value pricing and convenience, it aims to gain share from competitors such as Pizza Hut, Papa John's International (PZZA +0.64%), and Little Caesars.

Recent sales have been sluggish, however. First-quarter U.S. same-store sales (comps) grew 0.9%, and international comps dropped 0.4%.

But it's important to remember that consumer spending has been squeezed by macroeconomic pressures, such as higher tariffs and energy prices. And competitor Papa John's International also saw sales struggle, with North American comps dropping 6.4% in the first quarter, although international locations saw a 3.6% increase.

Expanding locations While Domino's waits for economic conditions to improve, management isn't sitting idle. It's pursuing expansion opportunities. In business since 1960, its focus on convenient, affordable offerings has certainly resonated with people.

Over the last year, through the end of March, the company added 964 locations, bringing the total to over 22,300. The majority of additions, 790, were international restaurants.

With 99% of its global restaurants franchised, Domino's can expand in a capital-efficient manner. That's because franchisees pay an up-front fee and an ongoing royalty (a percentage of sales) to Domino's. They also make initial investments to build the restaurant.

Adding it up If there weren't broad economic issues affecting industry sales, I would be concerned about Domino's weak comps. While no one knows when consumers will feel better about their situation and increase discretionary spending, it will happen at some point.

When it does, with Domino's leading market share, the company is in a prime position to see its sales rebound, and you can look for the shares to reward patient investors.

Dividend stock investors are curious about Domino's (DPZ +2.46%) shares.

*Stock prices used were the afternoon prices of July 1, 2026. The video was published on July 3, 2026.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Domino's Pizza. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

The restaurant industry is shifting rapidly as delivery technology and evolving consumer habits redefine value. Choosing between Domino's Pizza (DPZ 1.39%) and Red Robin Gourmet Burgers (RRGB +3.74%) requires weighing stable dominance against a high-stakes turnaround.

Domino's has long defined the delivery-first model, leveraging its massive scale and proprietary technology to own the pizza market. Meanwhile, Red Robin is undergoing a significant transformation by selling company-owned locations to franchisees to improve its financial health. Both represent distinct paths within the retail-stocks landscape, appealing to different risk tolerances.

The case for Domino's PizzaDomino's Pizza is a leader among retail stocks, operating a global pizza delivery model. It sells delivery and carryout pizzas through more than 22,100 locations across roughly 90 international markets. The business relies heavily on its proprietary technology and partnerships with aggregators like Uber Technologies and DoorDash to reach its customer base.

In 2025, the company generated revenue of nearly $4.9 billion, representing approximately 5% growth over the previous year. This performance resulted in net income of close to $602 million. These results reflect a net margin of roughly 12.2%, the percentage of revenue retained as profit.

The company holds some debt, with a debt-to-equity ratio of -1.3x as of its December 2025 balance sheet. It maintained a current ratio of roughly 1.7x, which indicates its ability to cover short-term debts with assets such as cash and inventory. For the same period, free cash flow reached nearly $672 million, which is the cash remaining after paying for operations and capital projects.

Red Robin Gourmet Burgers operates a chain of casual dining restaurants specializing in gourmet burgers and appetizers. As of late 2025, the company managed roughly 475 restaurants across the United States and Canada. The company is currently shifting toward a more franchise-heavy model, having recently divested 116 company-owned locations to generate cash for debt reduction.

For 2025, Red Robin reported revenue of approximately $1.2 billion, a 3% decline from the prior year. The company recorded a net loss of roughly $23 million — an improvement from the larger loss reported in 2024. This performance resulted in a net margin of approximately -1.9%, indicating that total expenses exceeded sales for the year.

As of its December 2025 balance sheet, Red Robin carried a debt-to-equity ratio of -4.4x. The current ratio stands at approximately 0.4x, suggesting the company may face challenges meeting its short-term financial obligations with its existing assets. However, it generated a positive free cash flow of $6 million during 2025.

Risk profile comparisonCompetition in the pizza market is intense, with Domino's facing pressure from national brands like Yum! Brands and Papa John's International. The company also relies on single suppliers for key ingredients like cheese and meat, which creates potential for supply chain disruptions. Furthermore, its debt of roughly $4.8 billion requires significant cash flow for servicing and restricts its financial flexibility.

Red Robin faces risks related to its substantial debt and the complex execution of its 'First Choice' transformation plan. Profitability is also sensitive to fluctuations in beef and poultry costs, as well as rising labor expenses, which can impair net margins. Additionally, the chain must compete with lower-priced alternatives while managing its aging physical restaurant locations and shifting consumer preferences.

Valuation comparisonWhile Red Robin looks cheaper based on its P/S ratio, Domino's offers a more attractive valuation relative to future earnings estimates, as reflected in the Forward P/E.

MetricDomino's PizzaRed Robin Gourmet BurgersSector BenchmarkForward P/E15.5x71.8x28.6xP/S ratio2.0x0.1xSector benchmark uses the SPDR XLY sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

Which stock would I buy in 2026?While Red Robin is trying to execute a turnaround that could lift its stock, long-term investors should consider buying Domino’s instead. It has delivered consistent, profitable growth for several years, indicating a solid competitive advantage in the fast-food industry.

Dominos has delivered superior shareholder returns, with its stock more than doubling over the past decade despite the recent fall. Red Robin stock has fallen 84% from its level 10 years ago, a decline attributable to inconsistent revenue growth.

Domino’s has demonstrated more consistent financial results, which speaks to its competitive position. It has a massive location footprint, giving the business significant scale and global reach. Its same-store sales growth is consistent, even amid macroeconomic headwinds over the past few years, reflecting its focus on value.

Importantly, Domino’s has steadily grown its earnings per share despite its focus on offering value, demonstrating a profitable growth strategy and a strong brand. By comparison, Red Robin has delivered several years of negative earnings without showing a steady upward trend.

Domino’s anticipates more sales, profits, and store openings to drive further growth through 2028. Analysts are not projecting a profitable year for Red Robin anytime soon. This positive outlook and competitive position makes Dominos a better investment.

The category's sales are stagnant and its chains are faltering, but Domino's can emerge as a winner