Q1 2026 Domino's Pizza Inc Earnings Call Transcript
Key Points
- Domino's Pizza Inc (DPZ) reported positive order count and market share growth in the US for Q1 2026.
- The company launched a new app with improvements to the pizza tracker, enhancing customer experience and personalization.
- Domino's Pizza Inc (DPZ) continued to expand its store count, adding 19 net new stores in the US and over 900 globally in the past 12 months.
- Income from operations increased by 4.2% in Q1, driven by higher franchise royalties and fees, as well as supply chain gross margin growth.
- The company repurchased approximately 446,000 shares for $170 million year-to-date, with a strong remaining authorization for future buybacks.
- Same-store sales growth was only 0.9% in Q1, below expectations, due to intensified competition and macroeconomic pressures.
- Consumer sentiment hit COVID-level lows, impacting purchase decisions, particularly among lower-income customers.
- Increased competitive activity in the QSR pizza space pressured Domino's Pizza Inc (DPZ)'s performance, with rivals offering similar value deals.
- International same-store sales declined by 0.4%, with geopolitical uncertainties affecting performance.
- The company revised its US and international same-store sales growth outlook to low single digits for 2026 due to a challenging macro environment.
Good day, and thank you for standing by. Welcome to the first quarter 2026 Domino's Pizza earnings conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Greg Lemenchick, Vice President of Investor Relations and Sustainability. Please go ahead.
'--
Good morning, everyone. Thank you for joining us today for our first quarter conference call. Today's call will begin with our Chief Executive Officer, Russell Weiner; followed by our Chief Financial Officer, Sandeep Reddy. The call will conclude with a Q&A session.
The forward-looking statements in this morning's earnings release and 10-Q, both of which are available on our IR website, also apply to our comments on the call today. Actual results or trends could differ materially from our forecast. For more information, please refer to the risk factors discussed in
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