Domino's Pizza, Inc. (DPZ) earnings on July 20, 2026

Before the market opens Q2 2026

More Domino's Pizza, Inc. earnings

Prior outlook: Optimistic Outcome: Accurate

Domino's Pizza jumped sharply after reporting results, settling up 2%. The CFO warned about a tough economy and weak sales growth ahead.

DPZ price around the earnings

328.97

Change: +2.1%

2026-07-20, 20:00 UTC

Start of the measured window End of the measured window
322.00 331.33 340.67 350.00 322.18
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 20, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Accurate

Thesis published
Results released

Optimistic but mixed contexts

Analysts cite strong recent price gains and an optimistic scenario, but the company has a history of missing earnings expectations and some analysts have lowered their price targets.

Context analyzed before publication

Summary
Optimistic but mixed contexts
Playbook
The stock has risen sharply in the past month, yet past earnings reports have often disappointed. Analyst opinions are split, with some downgrades.
Trend
Opinion improved from negative to neutral

Analysts

Drivers

  • Analysts Negative

    Wells Fargo and Morgan Stanley recently downgraded the stock to Equal-Weight, which dampens the otherwise positive analyst outlook.

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2
Analysts covering the stock
28
Average price target
390.86
Lowest price target
274
Highest price target
544
Upside to price target
21.3%
Quarterly earnings growth
-6.6%
Revenue growth
3.5%
Forward EPS
20.79
Trailing EPS
17.37
Analyst moves in the last 60 days
10
  • Strong buy: 2
  • Buy: 15
  • Hold: 12
  • Sell: 1
  • Strong sell: 0
Strong buy
2
Buy
15
Hold
12
Sell
1
Strong sell
0
  • July 16, 2026 · Wells Fargo: Maintains rating (Equal-Weight → Equal-Weight)
  • July 16, 2026 · Morgan Stanley: Maintains rating (Equal-Weight → Equal-Weight)
  • July 9, 2026 · Deutsche Bank: Maintains rating (Buy → Buy)
  • July 9, 2026 · Evercore ISI Group: Maintains rating (Outperform → Outperform)
  • July 9, 2026 · TD Cowen: Maintains rating (Hold → Hold)
  • July 7, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
  • July 2, 2026 · UBS: Maintains rating (Buy → Buy)
  • June 23, 2026 · TD Cowen: Reiterates rating (Hold → Hold)
  • June 23, 2026 · Baird: Maintains rating (Outperform → Outperform)
  • June 23, 2026 · BTIG: Maintains rating (Buy → Buy)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (9)

Technicals

Drivers

  • Technical Positive

    The stock has gained 8% in the last two weeks and 5% in the last month, showing strong upward price movement before earnings.

Evidence

Average true range (ATR)
3.6%
Distance to 52-week high
-32.4%
14-day change (14d)
+8.0%
30-day change (30d)
+5.0%
30-day relative strength
+5.0%
Benchmark change (0d)
+0.0%
Nearest support
321.93
Nearest resistance
323.84
Volume accumulation ratio (14d / 46d)
0.9

Trends

Evidence

Average earnings surprise
-1.1%
  • April 27, 2026: actual EPS 4.13 vs estimate 4.27 (surprise -3.3%)
  • February 23, 2026: actual EPS 5.35 vs estimate 5.38 (surprise -0.6%)
  • October 14, 2025: actual EPS 4.08 vs estimate 3.96 (surprise +3.0%)
  • July 21, 2025: actual EPS 3.81 vs estimate 3.95 (surprise -3.6%)

Expected move

Drivers

  • Past earnings Negative

    The company has beaten earnings estimates only 25% of the time, with an average surprise of -1.1%, raising concerns about future results.

There is no implied-move data available for this event.

Reactions over its last 20 earnings

Median move
4.1%
75th percentile move
7.1%
90th percentile move
11.8%
Up / down moves
10 / 10
Average up move
+4.5%
Average down move
-5.1%

Monitoring and close

What Domino's Pizza, Inc. reported

Status
Finished
Actual EPS4.07
EPS estimate4.2
EPS surprise-3.1%
Revenue$1,194 million
Revenue estimate$1,179 million
Revenue surprise+1.3%

Domino's Q2 revenue beat estimates but earnings fell short. The chain now focuses on order volume growth and launched S'mores Lava Cakes nationwide.

Sources (40)

Pre-market second reading after the results

Heading into the open, the figures confirm the optimistic scenario. In the 418 past cases with a similar move, the close held that direction 94% of the time.

How the stock reacted

Outcome
Accurate
Consolidated
+2.1%
Max favorable move (MFE)
8.6%
Max adverse move (MAE)
0%