Q2 25 EPS
$3.81
MISS 3.75%
Est. $3.96
Q2 25 Revenue
$1.15B
BEAT +0.25%
Est. $1.14B
vs S&P Since Q2 25
-39.6%
TRAILING MARKET
DPZ -24.9% vs S&P +14.6%
Market Reaction
Did DPZ Beat Earnings? Q2 2025 Results
Domino's Pizza delivered a split verdict in Q2 2025, beating on revenue but falling short on the bottom line, as a tangle of non-operational headwinds overshadowed what was otherwise a strong operating quarter. Total revenues climbed 4.3% year-over-y… Read more Domino's Pizza delivered a split verdict in Q2 2025, beating on revenue but falling short on the bottom line, as a tangle of non-operational headwinds overshadowed what was otherwise a strong operating quarter. Total revenues climbed 4.3% year-over-year to $1.15 billion, edging past the $1.14 billion consensus estimate, driven by supply chain volume growth, higher U.S. Franchise royalties, and global retail sales reaching $4.67 billion. Yet diluted EPS of $3.81 missed the $3.96 consensus by 3.75%, with net income falling 7.7% to $131.09 million, the culprit being a $27.40 million unfavorable swing in unrealized losses on the company's investment in DPC Dash Ltd, compounded by an effective tax rate that jumped to 22.1% from 15.0% a year ago. Beneath the headline miss, operational fundamentals held firm, with U.S. Same-store sales growing 3.4%, 178 net new global store openings, and income from operations surging 14.8% to $225.04 million. Insider selling activity in recent months has drawn some investor scrutiny, adding a cautious undercurrent to an otherwise operationally solid print.
Key Takeaways
- • U.S. same store sales growth of 3.4% driven by both delivery and carryout
- • International same store sales growth of 2.4% excluding foreign currency impact
- • Supply chain revenue growth from 4.8% food basket pricing increase and higher order volumes
- • Supply chain gross margin expanded 0.5 percentage points from procurement productivity
- • Lower G&A expenses due to absence of biennial Worldwide Rally held in Q2 2024
- • $3.9 million pre-tax refranchising gain from sale of 36 Maryland stores
- • Global net store growth of 178 in the quarter
DPZ YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
DPZ Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our team delivered strong Q2 results. Internationally, we continued to grow despite macro challenges. In the U.S., both delivery and carryout grew, driving meaningful market share gains within the U.S. pizza QSR category. We are now fully rolled out on the two largest aggregators and offer all the major crust types, including stuffed crust. With what we believe are best-in-class unit economics, the largest advertising budget, a robust supply chain, and a rewards program that is bigger than ever, our business is well-positioned. We've never had more tools to drive long-term value creation for our franchisees and shareholders.”
— Russell Weiner, Q2 2025 Earnings Press Release
DPZ Earnings Trends
DPZ vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
DPZ EPS Trend
Earnings per share: estimate vs actual
DPZ Revenue Trend
Quarterly revenue: estimate vs actual
DPZ Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $4.13 | — | $1.15B | -0.99% |
| Q4 25 MISS FY | $5.39 | $5.35 | -0.68% | $1.54B | +1.23% |
| FY Full Year | $17.60 | $17.57 | -0.16% | $4.94B | +0.38% |
| Q3 25 BEAT | $3.96 | $4.08 | +3.13% | $1.15B | +0.94% |
| Q2 25 MISS | $3.96 | $3.81 | -3.75% | $1.15B | +0.25% |
| Q1 25 BEAT | $4.07 | $4.33 | +6.29% | $1.11B | -1.09% |