Earlier today (Monday, July 20th), Domino’s reported second-quarter EPS of $4.07. This was below our $4.30 forecast, and also below sell-side consensus (according to Consensus Metrix) of $4.18. However…
Data out today from the U.S. Census shows that restaurants’ market share (with grocery stores/supermarkets making up the other component) was 57.1% in June 2026. This 57.1% figure is a new all-time record in favor of the restaurant industry.
The latest Consumer Price Index (CPI) data shows that prices for food-at-home (grocery stores and supermarkets) rose by +2.7% in June — sequentially the same as May’s +2.7%. This +2.7% number for June compares with price for food-away-from-home (restaurants) that increased by +3.4% year-over-year in June (sequentially down by -10 basis points from May’s +3.5%). This marks the 39th month in a row for which restaurant pricing is outpacing grocery/supermarket pricing.