达美乐披露2026年二季度业绩，EPS和收入低于市场预期且同店销售近乎停滞

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Press Release Details

Domino's Pizza Announces Second Quarter 2026 Financial Results

July 20, 2026

Q2 2026 Financial Results 413.3 KB

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%

ANN ARBOR, Mich. , July 20, 2026 /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 (ex