Key Highlights

  • Domino's reported Q2 2026 U.S. same-store sales growth of just 0.1%.
  • The company confirmed it is now the number one pizza player on both Uber Eats and DoorDash.
  • CEO Russell Weiner will transition to Executive Chairman in October 2026, with COO Joe Jordan named incoming CEO.
  • The company repurchased approximately 632,000 shares for $231 million year-to-date.

Domino's Pizza (NASDAQ: DPZ) reported second-quarter 2026 U.S. same-store sales growth of just 0.1%, alongside a leadership transition that will see CEO Russell Weiner move to Executive Chairman later this year. The muted domestic sales growth came alongside a broader set of updates spanning digital ordering partnerships, international expansion, capital allocation, and a teased new product launch, giving investors several distinct threads to weigh against the modest headline same-store sales figure.

What Happened

U.S. same-store sales growth of 0.1% in the quarter was driven by meaningful order count growth in both delivery and carryout channels, but that growth was offset by a lower average ticket, tied to underperformance of the Premium Series launch, which had been intended to lap the prior year's Stuffed Crust promotion. Pricing was up 0.2% in the quarter, meaning the modest same-store sales growth was largely a function of order volume rather than price increases or higher average spend per order.

The company confirmed it is now the number one pizza player on both Uber Eats and DoorDash aggregator platforms, citing 50% incrementality from aggregator orders — meaning about half of those orders represent net-new sales rather than a shift from Domino's own ordering channels. Loyalty program membership grew 20% since its relaunch prior to the company's last Investor Day, according to the disclosed information.

Internationally, retail sales grew 4.1% excluding foreign currency impact, with 183 net new international stores added during the quarter. International same-store sales, however, declined 0.1%, partly attributed to ongoing challenges at Domino's Pizza Enterprises and broader macroeconomic and geopolitical pressures weighing on some international markets.

The company also teased a new pizza product launching later in the third quarter of 2026, described as addressing an unmet consumer occasion that the pizza category currently underserves, though further product details were not disclosed in the available information.

Market Reaction

Domino's updated its full-year 2026 guidance to include U.S. and international same-store sales growth in the low single digits, global retail sales growth in the mid-single digits, and operating income growth in the mid-to-high single digits, excluding currency impacts. The company also adjusted its store growth targets, now guiding to approximately 175 U.S. net new stores, a slight reduction from prior guidance of 175-plus, reflecting franchisee profitability pressures, alongside approximately 800 international net new stores.

Domino's continued its share buyback program, repurchasing approximately 632,000 shares for $231 million year-to-date, with $1.23 billion remaining on its repurchase authorization. The scale of the remaining authorization suggests the company retains substantial flexibility to continue returning capital to shareholders even as it navigates the franchisee profitability pressures affecting its U.S. store growth outlook.

Outlook

CEO Russell Weiner announced he will transition to the role of Executive Chairman in October 2026, with current COO Joe Jordan named as incoming CEO, marking a significant leadership change for the pizza chain. The transition timeline gives the company several months to manage the handoff before it takes effect.

The company's teased new pizza product, expected to launch later in the third quarter of 2026, is positioned as an effort to address a consumer occasion pizza does not currently serve well, though the company has not disclosed further specifics on the product itself. The reduced U.S. net new store guidance, tied to franchisee profitability pressures, is likely to remain a point of continued investor focus alongside the broader same-store sales trends heading into the back half of 2026.

How did Domino's U.S. same-store sales perform in Q2 2026?

U.S. same-store sales grew just 0.1%, as order count growth in delivery and carryout was offset by a lower average ticket tied to the Premium Series launch underperforming.

Who will be Domino's next CEO?

COO Joe Jordan will become CEO, while current CEO Russell Weiner transitions to Executive Chairman in October 2026.

What is Domino's full-year 2026 guidance?

The company guides to U.S. and international same-store sales growth in the low single digits, global retail sales growth in the mid-single digits, and operating income growth in the mid-to-high single digits excluding currency impacts.