Domino’s Pizza (DPZ) Q2 2026 earnings summary

Executive summary

• Incoming CEO Joe Jordan will assume leadership in October, with Russell Weiner transitioning to Executive Chairman, ensuring continuity and confidence in future growth.

• Global retail sales grew 3.0% year-over-year in Q2 2026, driven by net store growth and higher order volumes, despite flat U.S. same-store sales and a slight decline internationally (excluding FX impact).

• Net store growth totaled 209 globally in Q2 (26 U.S., 183 international), with order count growth achieved across both delivery and carryout, outpacing a flat QSR industry.

• The aggregator channel (Uber, DoorDash) continues to be a significant growth driver, with Domino's now the top pizza brand on both platforms.

• A new pizza innovation targeting an unmet consumer occasion will launch in Q3, expected to drive incremental orders.

Financial highlights

• Total revenues increased 4.3% year-over-year to $1.19 billion in Q2 2026, mainly from higher supply chain and franchise revenues.

• Income from operations rose 3.1% to $232.0 million in Q2; excluding FX, up 2.6%.

• Net income increased 3.6% to $135.8 million; diluted EPS grew 6.8% to $4.07.

• U.S. retail sales rose 1.9% with same-store sales up 0.1%; international retail sales grew 4.1% (ex-FX), with comps down 0.1%.

• Supply chain gross margin improved by 0.2 percentage points to 12.0%.

Outlook and guidance

• U.S. and international same-store sales expected to be up low single digits for 2026, reflecting ongoing macro and competitive pressures.

• Net U.S. store growth guidance adjusted to approximately 175, international net store growth remains at approximately 800.

• Global retail sales growth projected at mid-single digits; operating income growth expected in the mid to high single digits, excluding certain gains.

• Management remains confident in long-term growth potential, citing strong order growth and market share gains.

• Risks include commodity price volatility, labor costs, and macroeconomic uncertainty.