Domino's Pizza Enterprises (DMP) H1 2026 earnings summary

Executive summary

• Undertook a significant business reset, shifting from broad discounting to everyday value pricing to improve franchisee profitability and long-term growth prospects.

• Leadership reset completed, with a new Group CEO and executive team to drive operational and financial discipline.

• Franchisee profitability improved 4.5% to $103k average EBITDA per store, the highest in three years.

• Disciplined cost management and targeted actions strengthened unit economics globally.

• Revenue declined 5.5% year-over-year to $1,101.8 million, reflecting lower same-store and network sales.

Financial highlights

• Underlying EBIT was $101.5 million (+1% YoY); NPAT reached $60.1 million (+2.2% YoY).

• Free cash flow surged to $70.6 million, up 135.4% year-over-year.

• Network sales were $2.04 billion, down 1.6% YoY; same-store sales declined 2.5%.

• Interim dividend increased to 25.0 cents per share, up 16.3% from the previous final dividend.

• EBITDA was $144.5 million; statutory EBIT was $74.2 million.

Outlook and guidance

• Full-year FY26 results expected to meet or exceed prior consensus and guidance.

• Management anticipates $20–30 million in annualized cost savings to benefit FY26.

• Selective, returns-led expansion planned, with 20–40 new stores expected over the next 12–18 months.

• Focus remains on profitable growth, cost discipline, and margin-accretive expansion.

• Net leverage target below 2.0x; strong liquidity position maintained.