Domino's Pizza, Inc. · DPZ · FY2024 Q3 · Calendar Q4 2024

DPZ: Strong US trends offset by slower international growth

DPZ's earnings support a mixed outlook: US demand, loyalty and market-share gains remain constructive, but slower international sales and reduced growth guidance temper the broader growth case.

Reported Before market openNASDAQConsumer Cyclical $10.32B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $4.19 Consensus $3.71
EPS surprise +12.9% Reported versus consensus
Reported revenue $3.26B Consensus $1.49B
Revenue surprise +119.0% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -1.1% Event window
SPY move -0.2% Same window
Abnormal move -0.9% Stock minus SPY
Volume 3.9× Versus trailing sessions
Subsequent drift +9.7% Up to 20 sessions
DPZSPY benchmark

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Transcript intelligence

What changed

Compared with the prior quarter, international same-store sales slowed materially and management lowered its global retail-sales outlook while maintaining the US same-store sales target. The call also added Mac and Cheese, reported 2.7% US sales mix through Uber, and identified a prospective DoorDash launch.

Guidance delta

Guidance was lowered: management's analysis points to about 6% global retail sales growth and about 8% operating profit growth for 2024, with a revised 1–2% international same-store sales outlook; the 3%+ US same-store sales target was reaffirmed.

Key takeaways

  • US retail sales grew 6.6%, with continued market-share gains and four consecutive quarters of same-store sales and order-count growth.
  • International same-store sales slowed to 0.8% year over year, prompting a revised 1–2% growth outlook for 2024–2025.
  • Value promotions, Domino's Rewards, new products and aggregator expansion remain the core growth levers.

Management priorities

  • Launch Emergency Pizza 2.0 and continue value promotions.
  • Expand aggregator presence, including a planned DoorDash launch.
  • Maintain about 175 new US locations annually and pursue the 10,000-store goal in top international markets.

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Earnings History

Estimate Beat Miss Match
DPZ EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q1 '24 estimate $3.39 Q1 '24 actual $3.58, beat Q2 '24 estimate $3.68 Q2 '24 actual $4.03, beat Q3 '24 estimate $3.71 Q3 '24 actual $4.19, beat Q2 '25 estimate $3.93 Q2 '25 actual $3.81, miss Q3 '25 estimate $3.96 Q3 '25 actual $4.08, beat Q4 '25 estimate $5.38 Q4 '25 actual $5.35, miss Q1 '26 estimate $4.27 Q1 '26 actual $4.13, miss Q2 '26 estimate $4.17 Q2 '26 actual $4.07, miss Q4 '26 estimate $6.48 Q1 '27 estimate $4.59 Q2 '27 estimate $4.81 Q3 '27 estimate $4.77
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Analyst Consensus ?

ConsensusHold52 ratings
Bullish2650.0%
Neutral2548.1%
Bearish11.9%

Analyst 52W Price Targets

$313.61Current
$315Low
$436.8Average
$612High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 25, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Wells Fargo Equal Weight Equal WeightMaintainOct 14, 2026
StoneX Buy BuyMaintainOct 14, 2026
RBC Capital Sector Perform Sector PerformMaintainOct 14, 2026
Morgan Stanley Equal Weight Equal WeightMaintainOct 14, 2026
Mizuho Outperform OutperformMaintainOct 14, 2026
Show 47 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $313.61. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
RBC CapitalLogan Reich$320$285.57 +2.0%Oct 14, 2026
BMO CapitalAnalyst unavailable$390$284.84 +24.4%Oct 14, 2026
Mizuho SecuritiesNick Setyan$380$296.1 +21.2%Oct 14, 2026
Robert W. BairdChris O'Cull$320$296.1 +2.0%Oct 14, 2026
Morgan StanleyAnalyst unavailable$345$296.1 +10.0%Oct 14, 2026
See 145 more

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Company context

Snapshot as of publication

Domino's Pizza, Inc. operates as a leading international and domestic purveyor of pizza, managing its extensive operations through three distinct segments: U.S. Stores, International Franchise, and Supply Chain. The company is primarily recognized for its Domino's-branded pizzas, which are distributed via a vast network of both corporate-owned and independently franchised outlets. Beyond its flagship product, the menu also encompasses a variety of other offerings, including oven-baked sandwiches, pasta dishes, boneless and winged chicken, various bread and dip accompaniments, desserts, and soft drink beverages. As of January 2, 2022, the enterprise boasted approximately 18,800 locations spanning 90 global markets. Established in 1960, Domino's Pizza, Inc. is headquartered in Ann Arbor, Michigan.

Historical context

All DPZ earnings

Consumer Cyclical peers this season

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Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
  3. Polygon adjusted daily market bars · 2026-10-25T06:20:45.606791+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-25T06:20:45.603951+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-25. For educational purposes only; not investment advice.