DPZ Q1 2026 results and same-store sales growth

What happened: Domino's Pizza (DPZ) reported Q1 2026 results on April 27, missing Wall Street's forecasts for same-store sales growth and earnings. U.S. same-store sales grew by 0.9%, far below the expected 2.6%, while international same-store sales missed estimates as well. Net income declined 6.6% year-over-year to $139.8 million. Management attributed the slowdown to growing consumer uncertainty, national pizza competitors' value offerings, and macro pressures. Despite higher sales and store growth, profit fell due to increased costs.

Market impact: The miss sent DPZ stock down nearly 9%, extending its YTD decline to nearly 20%. The company's largest investor, Berkshire Hathaway, saw its stake lose value. The pizza sector and other consumer discretionary stocks may face pressure, as consumers tighten spending due to uncertainty. Valuation repricing is likely, with DPZ's stock price reaching a new three-year low.

What to watch next: Domino's Q2 2026 earnings call on July 27 will provide an update on sales growth and profit margins. The company's new brand campaign, announced in Q1, will be closely watched for its impact on sales. Additionally, the May consumer confidence index release on May 31 will offer insights into whether consumer uncertainty continues to impact DPZ's sales.