Domino's Q2 2026: Global Sales Growth Slows to 3.0%, U.S. Same-Store Sales Flat at +0.1%
DPZ sits 17% above its 52-week low of $282.
Summary
Domino's Q2 2026 earnings show global retail sales growth slowing to 3.0%, with U.S. same-store sales barely positive at +0.1% and international same-store sales declining 0.1%. Net income rose to $135.8 million, but company-owned store margins compressed. The company repurchased $231.3 million in shares during the first half.
Key Events · Earnings and Guidance · DPZ
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Global Sales Growth Decelerates
Global retail sales growth (ex-FX) slowed to 3.0% in Q2 2026 from 5.8% in Q1, driven by U.S. same-store sales of just +0.1% and international same-store sales of -0.1%.
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Net Income Rises Modestly
Q2 net income increased 3.6% to $135.8 million, or $4.07 per diluted share, compared to $131.1 million, or $3.81 per share, in Q2 2025.
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Company-Owned Store Margins Compress
U.S. Company-owned store gross margin fell 4.2 percentage points to 11.4%, driven by higher food and labor costs.
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Aggressive Share Repurchases Continue
Domino's repurchased $231.3 million of common stock in the first half of 2026, with $1.23 billion remaining under its authorization.
Analysis · DPZ · Trade & Services
A deceleration in global retail sales growth—to 3.0% from 5.8% in Q1—marks Domino's Q2 results, with U.S. same-store sales nearly flat at +0.1% and international same-store sales turning slightly negative. While net income rose 3.6% to $135.8 million, the top-line slowdown and margin pressure in company-owned stores (gross margin down 4.2 percentage points) raise questions about the pace of the Hungry for MORE strategy. The company continues to return cash aggressively, repurchasing $231.3 million in shares during the first half, with $1.23 billion remaining under its authorization.
At the time of this filing, DPZ was trading at $331.00 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $10.7B. The 52-week trading range was $282.00 to $496.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.