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Domino’s Q1 Results: softer, but still ahead of the market

Domino’s Q1 Results: softer, but still ahead of the market

By Thomas Paulson, Head of Market Insights Similarly to Chipotle , Domino’s reported softer comps for the quarter with U.S system comp-sales falling -0.5%, a figure that aligned with Advan’s -0.8% estimate* and the weaker traffic for limited-service category overall. While down, the 2- and 3-yr CAGRs strengthened and the comp to ’19 remains inline with last year’s rate. Delivery comp-sales were down -1.5% and carry-out increased +1.0%. Delivery has been more impacted by affordability challenges for lower-income households; however, that has now spread to carry-out, which slowed -220 bps with both traffic (-100 bps QoQ per Advan) and mix negative.
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