UBS Reaffirms Buy on Domino's (DPZ)

Strong U.S. momentum, menu innovation, and delivery gains support bullish outlook

UBS maintained a Buy rating on Domino’s Pizza (NASDAQ: DPZ) following its Q2 results, citing:

  • Sustained U.S. same-store sales growth
  • Positive traction from aggregator partnerships
  • Strong operational execution and product innovation

The firm reiterated its $473.77 price target, shares currently trading at $479.66 up (+3.77%)


📊 Domino’s Q2 2025 Earnings Snapshot

  • Revenue: $1.15B (▲4.3% YoY) vs. $1.14B est ✅
  • EPS: $3.81 vs. ~$3.95 est ❌
  • U.S. Same-Store Sales: +3.4% YoY (beat 2.2% est)
  • Income from Operations: +14.9% YoY

🧀 Key Drivers

  • Parmesan-stuffed crust: Drove higher tickets and transaction counts
  • Delivery + carryout: Expanded footprint, lifted market share
  • Aggregator deals: Uber Eats rollout, DoorDash integration enhanced reach

Domino’s continues to balance value-driven promotions with operational efficiency to defend and grow its U.S. business amid competitive pressures.