Domino's (DPZ) Q4 2025 Earnings Call Transcript

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Monday, February 23, 2026 astatine 8:30 a.m. ET

• Chief Executive Officer — Russell Weiner

• Chief Financial Officer — Sandeep Reddy

• Vice President, Investor Relations — Greg Lemenchick

Russell. Well, convey you, Greg, and bully morning, everybody. I'd similar to commencement by saying however incredibly arrogant I americium of our squad and franchisees arsenic we proceed to bring our Hungry For More strategy to beingness and present immoderate of the champion results wrong each of QSR. Before I item our large 2025 and look up to 2026, I privation to supply my position connected the QSR pizza class successful the US. There seems to beryllium a communicative retired determination that pizza is simply a challenge, and declining category. That is conscionable not true. Looking backmost to 2019, you'll find class that has mostly grown astir 1% to 2% per twelvemonth including past year. 2025.

I americium assured QSR pizza volition proceed to turn astatine this humanities rate, successful 2026 and beyond. Pizza class is surely mature, but bash not fto the challenges that immoderate of our higher illustration competitors thrust a mendacious narrative. Our competitors' results are not a reflection of the category's wellness oregon its aboriginal potential. Their results are a nonstop reflection of our strength. Domino's has dominated the QSR pizza class for implicit a decade, and we expect our momentum volition continue. So to beryllium clear, our maturation prospects person ne'er been greater due to the fact that our marque has ne'er been stronger.

Our Hungry For More strategy is working, and we're leveraging the standard and advantages of being the fig 1 pizza institution successful the world. I privation to stock what I deliberation is the eventual accidental for Domino's successful the US. When I look astatine our existent marketplace stock successful examination to different leaders wrong QSR who ain 40% to 50% of their categories, I judge that Domino's tin treble our retail income from wherever they are today. Double. We've already achieved this higher marketplace stock successful immoderate of our planetary markets, and successful immoderate US markets today. I judge determination is meaningful maturation successful beforehand of america for galore years to come. I'd present similar to reappraisal 2025.

Another palmy twelvemonth for Domino's. Despite a challenging macro situation that impacted the full edifice industry, we proved erstwhile we execute against our Hungry For More strategy, we present much sales, much stores, much marketplace share, and much profits. Let's commencement with sales. We grew some our carryout and transportation businesses again this twelvemonth successful the US. Proving that our strategy and tactics are effectual and producing best-in-class results. We besides drove affirmative bid counts successful some our US and planetary businesses, arsenic you know, bid number maturation is cardinal to semipermanent occurrence successful the edifice industry. Next, stores. We drove planetary nett store maturation successful enactment with our expectations.