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Domino’s Pizza (NYSE:DPZ) reported an unexpected decline in first-quarter U.S. same-store sales, reflecting consumer pullback on dining out amid persistent inflation and economic uncertainty. U.S. same-store sales dipped 0.5%, falling short of analysts' expectations for a 0.5% rise, according to LSEG data.
The world’s largest pizza chain has faced headwinds as recession fears, fueled by President Donald Trump’s trade policies, dampen consumer spending on discretionary items like restaurant meals. Promotions such as "boost weeks" offering 50% off online orders and the introduction of a parmesan-stuffed crust pizza helped attract some demand, but were not enough to offset broader economic pressures.
Domino’s shares slipped about 2% in premarket trading following the news but remain up roughly 16% year-to-date. Despite the sales miss, the company posted a first-quarter earnings per share (EPS) of $4.33, surpassing the average analyst estimate of $4.07.
On the international front, Domino’s delivered better-than-expected growth, with same-store sales climbing 3.7%, outpacing the 1.93% forecast. Strength abroad helped cushion the weaker domestic performance.
To boost its digital sales channels, Domino’s recently announced a partnership with DoorDash (NASDAQ:DASH), allowing customers to order Domino’s through the DoorDash app beginning in May. The move is aimed at expanding reach and tapping into growing third-party delivery demand.
As inflation and trade uncertainties continue to weigh on the dining sector, Domino’s performance highlights the mixed consumer appetite for restaurant spending in a volatile economy.
