Domino's Pizza Reports Q1 2026 Revenue Growth to $1.15 Billion, Net Income Decline

Domino's Pizza, Inc. reported its financial results for the first quarter of 2026, revealing total revenues of $1.15 billion, a 3.5% increase from $1.11 billion in the same period last year. The growth was primarily driven by higher supply chain revenues and increased franchise royalties. The company’s net income for the quarter was $139.8 million, down from $149.7 million in the prior year, resulting in diluted earnings per share of $4.13, compared to $4.33 in the first quarter of 2025.

The company experienced notable changes in its operational metrics. U.S. Company-owned store revenues decreased by 10.4% to $82.1 million, attributed to the refranchising of the Maryland market. Conversely, U.S. franchise royalties and fees rose by 4.6% to $158 million, reflecting an increase in the average number of U.S. franchised stores and higher same-store sales, which grew by 0.9%. International franchise royalties also increased by 7.2% to $81 million, aided by favorable foreign currency exchange rates.

Domino's continued to expand its footprint, achieving a global net store growth of 180 locations, including 19 in the U.S. and 161 internationally. The company now operates over 22,300 locations across more than 90 markets. The first quarter also saw a significant operational development with a pre-tax gain of $7.8 million from the sale of a fully depreciated corporate aircraft, contributing positively to the income from operations, which increased by 9.6% to $230.4 million.

In terms of financial health, Domino's reported total assets of $1.84 billion as of March 22, 2026, up from $1.72 billion at the end of the previous fiscal year. The company’s long-term debt stood at approximately $4.88 billion, with a working capital of $171 million. Cash flows from operating activities were $162 million, a decrease from $179 million in the prior year, primarily due to changes in operating assets and liabilities.

Looking ahead, Domino's management remains optimistic about its growth strategy, emphasizing its "Hungry for MORE" initiative aimed at increasing sales, store count, and profitability. The company plans to leverage its strong brand recognition and operational efficiencies to navigate market challenges and capitalize on growth opportunities. The Board of Directors has also authorized an additional share repurchase program of up to $1 billion, reflecting confidence in the company's financial position and commitment to returning value to shareholders.