Domino's Pizza Group (DOM) H1 2026 earnings summary

Executive summary

• Achieved strong H1 results with system sales up 6.1% to £825.3m, group revenue up 6.7% to £353.6m, and market share gains in both pizza and chicken, driven by innovation (CHICK'N'DIP, Italianos) and operational excellence.

• Profit and cash flow increased, supported by new menu launches, World Cup trading uplift, and strategic focus on organic growth, loyalty, aggregators, and supply chain productivity.

• Opened 11 new stores, including the 1,400th location, and saw early evidence that the current strategy is effective.

• Leveraged brand, scale, store network, delivery, digital, and supply chain strengths to drive performance.

Financial highlights

• System sales reached £825.3m, up 6.1% year-over-year; like-for-like sales grew 4.9%, and like-for-like orders increased 1.6%.

• Underlying EBITDA increased 3.6% to £66.2m; underlying profit after tax up 2.1% to £33.7m; underlying basic EPS up 4.8% to 8.8p.

• Free cash flow before non-underlying items surged 74.9% to £50.2m.

• Interim dividend proposed at 3.7p per share, up 2.8% from last year.

• Supply chain revenue up 2.5%, royalty revenues up 5.4% year-over-year.

Outlook and guidance

• Positive trading continued into July, supported by the World Cup, with all major cost lines hedged for FY26 and into FY27.

• Confident in achieving full-year expectations and driving earnings growth in FY27 and beyond.

• FY26 guidance: depreciation/amortisation c.£25m, interest c.£21m, tax rate c.25%, capex c.£35m.

• Ongoing investment in growth initiatives and digital innovation planned.