Domino’s Pizza reports softer Q2 same-store sales due to lower average ticket and prior-year Stuffed Crust launch impact.
Domino’s Pizza (NASDAQ:DPZ) reported second-quarter same-store sales below expectations as weaker average ticket offset strong order counts. The company faced a tough comparison against last year’s Stuffed Crust Pizza launch, which boosted prior-year results.
U.S. order counts grew meaningfully across delivery and carryout, but premium offerings and promotions failed to drive sufficient ticket growth. The company maintained its full-year outlook for low-single-digit same-store sales growth but trimmed its U.S. new-store target to about 175 due to macroeconomic pressures.
Leadership changes were also announced, with incoming CEO Joe Jordan set to take over in October while current CEO Russell Weiner transitions to executive chairman next year.