Domino's (DPZ): FY26 Q1 earnings call, Apr 27, 2026

…economics. Over time, we expect this pressure to contribute to more store closures on top of the roughly 450 closures our two public pizza competitors…

…period. Next, stores. We've opened more than 2,000 net new stores over the last 11 years amidst a backdrop of significant competitive closures. Finally, profits.

…us in Q1? Yeah. I think it delves really well into your second point, which is the closures that they've already announced for the year.

…scenes. You'll see that I think in future quarters and future years coming up, in store closures and kinda lighter franchise profits for our competitors.

…lift franchisees are getting in markets where competitors' stores have already closed. Are there certain geographies where you're seeing more closures by the competitive set?

…the rest of the quarter did not meet our expectations, resulting in same-store sales of 0.9%. We are very clear on the drivers of our…

…You know, now the thing is, you know, to remember is these closures happen because of, you know, business pressures over time. When the stores…

Yeah. I'd just say that maybe another way to think about it is that short-term headwind competitively, I think is a long-term tailwind.

…had some pressure from the food basket, which actually was impacting on the business. We had some pressures on insurance as well, as we outlined.

…of growing consumer uncertainty. Consumer sentiment hit COVID level lows and ongoing inflation continued to impact purchase decisions. Weather also affected our business in the…

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