A pedestrian walks past a Domino’s Pizza on December 9, 2025 in San Francisco, California.
Justin Sullivan | Getty Images
Domino’s Pizza The stock fell 10% Monday morning after reporting weaker-than-expected U.S. same-store sales growth.
The chain’s domestic same-store sales rose just 0.9%, less than the 2.3% rise Wall Street analysts expected, based on StreetAccount estimates.
“We’re not happy with it,” CEO Russell Weiner told CNBC.
The pizza chain also lowered its full-year U.S. same-store sales forecast to growth in the low single digits, down from its previous forecast that U.S. same-store sales would rise 3%.
Weiner said he expects more fast-food chains to report similar headwinds related to winter weather and weak consumer confidence, which plunged in March due to soaring fuel prices caused by the U.S.-Israeli war with Iran.
“One of the downsides of reporting first is you don’t hear from anyone else,” Weiner said.
Domino’s has kicked off earnings season for restaurant chains. Starbucks is on deck after the bell Tuesday, and Chipotle Mexican Grill and owner of Pizza Hut Yum Brands are expected to share their results on Wednesday. Rival Papa John’s will publish its results next Thursday.
During the quarter, Domino’s also faced tougher competition from rival pizza chains. Papa John’s and Pizza Hut both matched Domino’s “best deal ever” at $9.99 with promotions at the same price. And Little Caesars undercut Domino’s $6.99 Mix & Match price with a $5.99 version.
“People see what we’re doing, they’re tired of losing share, and they’re tackling it,” Weiner said, adding that he still expects Papa John’s and Pizza Hut to report lower same-store sales for the quarter despite the new promotions.
Looking ahead, Weiner said he’s confident Domino’s will prove itself in the long run.
“Domino’s has a larger advertising budget than our second two competitors combined,” he said. “And those competitors are both up for sale, so we know things aren’t good there right now.”
Yum announced in November that it was exploring strategic options for Pizza Hut, which could include a sale. And Papa John’s is reportedly in talks with Qatar-backed Irth Capital to go private. Both chains also announced plans to close hundreds of restaurants this year, which could further strengthen Domino’s dominance in the pizza category.
And if Pizza Hut or Papa John’s go private, Weiner said he expects a new owner to close even more locations — a win for Domino’s.
Domino’s shares have lost nearly a third of their value over the past year. The company’s market capitalization fell to around $11.2 billion.