Key highlights

  • Domino’s reported FY26 underlying EBIT of $200.1 million, up 1.0%, while network sales fell 6.8% to $3.87 billion, in its 26 August 2026 release.
  • Same-store sales were down 4.1%, and Franchise partner EBITDA per store rose 11.3% to $105.7k.
  • Net Debt fell by $227.8 million, net Leverage was 1.86 times and the final Dividend was 32.5 cents, unfranked.

Domino's PIZZA Enterprises Ltd (ASX:DMP) closed 21 October 2026 at $21.89, lower by 0.55%. Across the market, the S&P/ASX 200 Consumer Discretionary [XDJ] index settled at 3,741.90, higher by 0.34% or 12.50 points, the S&P/ASX 200 [XJO] at 8,831.30, higher by 0.16%, and the All Ordinaries at 8,956.60, higher by 0.14%, at 5:00 pm GMT+11. Domino’s Pizza Enterprises is the master Franchisee for Domino’s Pizza in Australia, New Zealand, Europe and Asia.

What Domino’s does

Domino’s Pizza Enterprises Limited holds master franchise rights for Domino’s Pizza in markets including Australia, New Zealand, France, Germany, Japan and others, earning Revenue from franchised store sales, corporate stores and Supply chain.

FY26 results

In an ASX announcement dated 26 August 2026, Domino’s reported underlying EBIT of $200.1 million, up 1.0%, network sales of $3.87 billion, down 6.8% including store closures, and same-store sales down 4.1%. Franchise partner profitability rose to $105.7k of rolling 12-month EBITDA per store, up 11.3%, the highest in four years, with average store EBITDA Margin of 7.9%.

Cash, debt and dividend

Free Cash Flow was $164.1 million, up $116.6 million, and net debt fell by $227.8 million, taking net leverage to 1.86 times, within the target of less than 2.0 times. The final dividend was 32.5 cents per share, unfranked, up 51.2%. The company said it reduced reliance on broad discounting and is testing targeted value models, including a Western Australia set-menu price pilot where franchisee EBITDA grew more than 30% for five consecutive months.

FY27 focus

Domino’s said global order volumes remain below its aim, and that FY27 will focus on rebuilding profitable order growth through clearer value, improved execution and more relevant offers, rather than a return to broad discounting. It described the operating reset as progressing with a lower cost base.

Sector context

Consumer discretionary companies depend on household spending, travel, leisure and housing activity, and they are tracked through the S&P/ASX 200 Consumer Discretionary index, which closed at 3,741.90, up 0.34%, on 21 October 2026 alongside a 0.16% rise in the S&P/ASX 200 to 8,831.30. Quick-service food chains are exposed to consumer spending, discounting and delivery costs.

Risks and uncertainties

Network sales and same-store sales declined, and order volumes remain below the company’s aim. Dividends are unfranked, store closures reduce network size, and consumer demand, competition and costs can affect outcomes.

Catalysts to watch

Items to watch include order growth, same-store sales trends, the value model rollout and the half-year result.

Wrapping up

Domino’s 26 August 2026 release recorded flat earnings, lower sales, higher cash flow and lower debt. The next result will show whether order trends improve.