Domino’s Pizza (DPZ) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 3.4% to $1,185.6M, operating income rose 8.3% to $241.8M, net income increased to $152.2M, and diluted EPS grew 12.7% to $4.60.

• Global retail sales grew 3.2% excluding FX; net store growth was 175 in Q3 and 564 in 9M.

• Q3 order growth and share gains supported results, while consumer pressure weighed on average ticket and franchisee profitability.

Financial highlights

• Q3 gross margin was $476.4M, up 3.6%; gross margin rate was 40.2% versus 40.1%. 9M revenue rose 3.7% to $3,530.6M and operating income rose 7.0% to $704.2M.

• 9M net income was $427.7M versus $420.1M; diluted EPS was $12.80 versus $12.22.

• 9M operating cash flow was $520.6M versus $552.3M; capital expenditures were $60.8M and free cash flow was $459.8M.

Outlook and guidance

• FY2026 U.S. same-store sales expected up low single digits, toward the low end, assuming current macro and competitive conditions persist; outlook excludes the 53rd week.

• FY2026 international same-store sales expected approximately flat, with DPE pressures continuing; meaningful DPE improvement is not expected until 2027.

• FY2026 global retail sales growth expected in the low- to mid-single digits, trending toward the midpoint; operating income growth expected in the mid-single digits, excluding FX, refranchising gains and the aircraft-sale gain.

• FY2026 net store additions expected at 125–150 in the U.S. and approximately 800 internationally; long-term U.S. potential remains 8,500+ stores.

• Q4 order growth expected to remain strong; 2027 guidance to follow Q4. Long-term U.S. growth target is 3%+, against a mature-category baseline of 1%–2%.