Domino's stock drops 9.2% after Q1 miss

Domino’s Pizza stock fell more than 8% on April 27 after the company missed Wall Street’s first-quarter expectations and lowered its U.S. sales outlook for 2026. (cnbc.com) (ir.dominos.com) Revenue rose 3.5% to $1.15 billion in the quarter ended March 22, but diluted earnings per share fell to $4.13 from $4.33 a year earlier. (ir.dominos.com) (finance.yahoo.com) The biggest miss was in the U.S., where same-store sales increased 0.9%. Analysts had expected about 2.3% growth, according to StreetAccount. (cnbc.com) International same-store sales slipped 0.4% excluding currency effects, while global retail sales increased 3.4% and the chain added 180 net new stores. (ir.dominos.com) Chief Executive Russell Weiner said winter weather and weaker consumer sentiment hurt demand. He told CNBC the mood among consumers dropped in March as fuel prices jumped during the Iran war. (cnbc.com) Domino’s now expects low-single-digit U.S. same-store sales growth in 2026, down from its earlier forecast of 3%. It also lowered its international same-store sales outlook to low-single-digit growth. (cnbc.com) (fool.com) Competition inside pizza got sharper during the quarter. Weiner said Papa John’s and Pizza Hut matched Domino’s $9.99 “Best Deal Ever,” while Little Caesars undercut its $6.99 Mix & Match offer with a $5.99 version. (cnbc.com) The quarter also included a $30 million pre-tax charge tied to Domino’s stake in DPC Dash, which weighed on profit. Net income fell 6.6% to $139.8 million. (finance.yahoo.com) Domino’s paired the weak quarter with a larger cash return plan. Its board approved an additional $1 billion share repurchase program, on top of roughly $290 million still available under the prior authorization. (ir.dominos.com) (finance.yahoo.com) Weiner said Domino’s still gained order count and market share in the U.S. The stock drop showed investors were focused more on slowing traffic, heavier discounting, and the lower forecast. (ir.dominos.com) (cnbc.com)