Domino's reported strong FY2025 results with US comps of 3% and operating income growth of 8.1%. Management guided FY2026 US comp of 3%, international comp of 1-2%, global retail sales growth of 6%, and 8% operating income growth, emphasizing profit power over pricing power. Key cross-company signals include continued partnership growth with DoorDash and Uber, and the ongoing turnaround of DPE in Australia. Domino's gained 1 point of market share for the 11th consecutive year, with US net store growth of 172.
Domino's reported strong FY2025 results with US comps of 3% and operating income growth of 8.1%. Management guided FY2026 US comp of 3%, international comp of 1-2%, global retail sales growth of 6%, and 8% operating income growth, emphasizing profit power over pricing power. Key cross-company signals include continued partnership growth with DoorDash and Uber, and the ongoing turnaround of DPE in Australia. Domino's gained 1 point of market share for the 11th consecutive year, with US net store growth of 172.
Domino's reported strong FY2025 results with US comps of 3% and operating income growth of 8.1%. Management guided FY2026 US comp of 3%, international comp of 1-2%, global retail sales growth of 6%, and 8% operating income growth, emphasizing profit power over pricing power.…
Guidance tone
Management sees opportunity to double US retail sales over time, supported by carryout growth, loyalty, and aggregator expansion.
DoorDash and Uber remain underpenetrated, providing incremental delivery growth in 2026.
Management issued a confident 2026 outlook with US comp of 3%, 175+ net store openings, and 8% operating income growth despite a pressured macro, signaling continued share gains and profit power.
Management expects CapEx of approximately $120 million in 2026 due to investments in the corporate office, before reverting to the algorithm of $110 million in 2027.
Management repeatedly emphasized market share gains, multi-year growth drivers, and a doubling opportunity, conveying strong confidence in the business despite macro challenges.
“one of our national competitors has announced that they've had a negative same-store sales in the mid-single digits, and they also talked about closing a number of stores up to 250 stores in the first half of the year.”
| 지표 | 기간 | 범위 | 중간값 | 상태 |
|---|---|---|---|---|
| Capex | FY2026 | $0.12B | $0.12B | GUIDED |
| Op margin | FY2026 | 8% | 8% | GUIDED |
| RevenueGLOBAL_RETAIL_SALES | FY2026 | 6% | 6% | GUIDED |
| RevenueUS_SAME_STORE | FY2026 | 3% | 3% | GUIDED |
| RevenueINTERNATIONAL_SAME_STORE | FY2026 | 1%–2% | 1.5% | GUIDED |
Domino's expects its DoorDash volumes to grow as they achieve full roll-out and increase marketing spend, which would directly benefit DoorDash's revenue and order volume.
“we expect continued growth on aggregator platforms, in particular on DoorDash, where we were not fully rolled out until mid-year 2025.”
… of our future growth, such as New York style and Parmesan stuffed crust. I believe there is more growth to come from these crust types. We will continue to drive the renowned value initiatives that have powered our business. we already have proven winners such as Boost Weeks and our Best Deal Ever promotion that we relaunched today. And we have a team focused on coming up with new ideas that will grow our business into the future. In 2026, we expect continued growth on aggregator platforms, in particular on DoorDash, where we were not fully rolled out until mid-year 2025. We expect our share on DoorDash to grow as awareness and marketing spend increases. This opportunity is meaningful, as we have not yet reached our fair share on either of the major aggregators. Our business will be amplified this year by our enhanced e-commerce platform, which is a better experience for our customers, and our brand refresh that has given Hungry for More a unique look, sound, and heartbeat. Lastly, our scale advantages will continue to be a differentiator. We have best-in-class franchisee economics in QSR Pizza, the largest advertising budget, and a supply chain with incredible purchasing …
Management issued a confident 2026 outlook with US comp of 3%, 175+ net store openings, and 8% operating income growth despite a pressured macro, signaling continued share gains and profit power.
“We continue to work closely with them to turn their business around and are encouraged by the hiring of their new CEO Andrew Gregory.”
Domino's sees headroom to grow on Uber Eats as well, which would incrementally benefit Uber's marketplace revenue.
“we have not yet reached our fair share on either of the major aggregators.”
… already have proven winners such as Boost Weeks and our Best Deal Ever promotion that we relaunched today. And we have a team focused on coming up with new ideas that will grow our business into the future. In 2026, we expect continued growth on aggregator platforms, in particular on DoorDash, where we were not fully rolled out until mid-year 2025. We expect our share on DoorDash to grow as awareness and marketing spend increases. This opportunity is meaningful, as we have not yet reached our fair share on either of the major aggregators. Our business will be amplified this year by our enhanced e-commerce platform, which is a better experience for our customers, and our brand refresh that has given Hungry for More a unique look, sound, and heartbeat. Lastly, our scale advantages will continue to be a differentiator. We have best-in-class franchisee economics in QSR Pizza, the largest advertising budget, and a supply chain with incredible purchasing power. As a result, we expect our franchisee store-level EBITDA to continue to grow in 2026. Now, turning to our international business, where we delivered a remarkable 30-second straight year of same store sales growth in 2025. We …
Domino's noted that a major national pizza competitor is closing up to 250 stores in H1, which will accelerate Domino's market share gains in a growing category. — The store closures reduce competitive density, providing Domino's with incremental sales opportunities and better economics for new franchise units.