Interested in Domino's Pizza Inc? Here are five stocks we like better.
U.S. order counts stayed strong in Q2, but same-store sales came in softer than expected because average ticket weakened and the prior-year Stuffed Crust launch created a tough comparison.
Domino's announced a leadership transition: incoming CEO Joe Jordan will take over in October, while current CEO Russell Weiner moves to executive chairman next year.
The company kept its full-year outlook mostly intact, including low-single-digit U.S. and international same-store sales growth, while slightly trimming its U.S. new-store target to about 175 as macro pressure weighed on franchisee pipeline growth.
Contrarian Alert: 5 Downgraded Stocks That May Reward Long-Term Investors
Domino's Pizza (NASDAQ:DPZ) executives said second-quarter U.S. demand remained strong in terms of order counts, but a weaker-than-expected ticket dragged on same-store sales as the company lapped last year's Stuffed Crust Pizza launch.
On the company's rescheduled second-quarter 2026 earnings call, Chief Executive Officer Russell Weiner said the company grew order counts "meaningfully" across both delivery and carryout, even as the broader quick-service restaurant industry faced pressure from macroeconomic uncertainty and heightened competition. However, he said same-store sales fell short of expectations because the company's premium series and Slice Sauce promotion did not resonate with customers enough to offset the prior-year benefit from Stuffed Crust.
→ MarketBeat Week in Review – 07/13- 07/17
MarketBeat Week in Review – 06/22 – 06/26
"The miss on ticket was largely within our control, which means we can and will address it moving forward," Weiner said.
The call also featured comments from Joe Jordan, Domino's incoming CEO. Weiner said the board unanimously elected Jordan, who has spent 15 years with the company and most recently served as chief operating officer. Jordan is expected to become CEO in October, while Weiner said he will transition to executive chairman next year.
→ Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop
Domino's Stock Slides to 52-Week Low as Investors Digest CEO Change
Jordan said Domino's priorities remain focused on serving customers with food, value and experience, supporting franchisees and executing with discipline to drive long-term growth.
"We have an exceptional global franchise system, talented people, a culture of innovation and operational excellence, and a brand that continues to earn the trust of customers every day," Jordan said.
Source: Yahoo Finance Top News — This article was automatically imported from the source. Read full article at original source →
