Domino’s Pizza stock falls on disappointing sales

Domino’s Pizza stock falls on disappointing sales — and CEO thinks more chains will follow
Published Mon, Apr 27 202612:26 PM EDT

Amelia Lucas@ThxamelianWATCH LIVE

Key Points
Domino’s Pizza stock fell after the pizza chain reported disappointing U.S. same-store sales and lowered its full-year forecast.
CEO Russell Weiner said he expects more fast-food chains will report winter weather and weak consumer sentiment hurt their quarterly sales.
Domino’s also faced stiffer competition from rival pizza chains Papa John’s and Pizza Hut.

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A pedestrian walks by a Domino’s Pizza on Dec. 9, 2025 in San Francisco, California.
Justin Sullivan | Getty Images


Domino’s Pizza stock fell 10% in morning trading on Monday after it reported weaker-than-expected U.S. same-store sales growth.

The chain’s domestic same-store sales rose just 0.9%, lower than the 2.3% bump expected by Wall Street analysts, based on StreetAccount estimates.


“We’re not happy with it,” CEO Russell Weiner told CNBC.

The pizza chain also lowered its full-year U.S. same-store sales forecast to low-single digit growth, down from its prior projection that U.S. same-store sales will increase 3%.

Weiner said he expects more fast-food chains to report similar headwinds from winter weather and weak consumer sentiment, which took a dive in March due to spiking fuel prices caused by the U.S.-Israeli war with Iran.

“One of the bad things about reporting first is you don’t get to hear about anybody else,” Weiner said.

Domino’s kicked off the earnings season for restaurant chains. Starbucks is on deck after the bell on Tuesday, and Chipotle Mexican Grill and Pizza Hut owner Yum Brands are expected to share their results on Wednesday. Rival Papa John’s will report its earnings next Thursday.


During the quarter, Domino’s also faced stiffer competition from rival pizza chains. Papa John’s and Pizza Hut both matched Domino’s $9.99 “Best Deal Ever” with promotions at the same price point. And Little Caesars undercut Domino’s $6.99 Mix & Match deal with a $5.99 version.

“People are seeing what we’re doing, and they’re sick of losing share, and they’re coming at it,” Weiner said, adding that he still expects Papa John’s and Pizza Hut to report same-store sales declines for the quarter despite the new promotions.

Looking ahead, Weiner expressed confidence that Domino’s will prove itself in the long run.

“Domino’s has got a bigger advertising budget than our second two competitors combined,” he said. “And those competitors are both going up for sale, so we know things aren’t good there right now.”

Yum announced in November that it was exploring strategic options for Pizza Hut, which could include a sale. And Papa John’s is reportedly in talks with Qatari-backed Irth Capital to go private. Both chains have also announced plans to close hundreds of restaurants this year, which could further boost Domino’s dominant position in the pizza category.

And if either Pizza Hut or Papa John’s goes private, Weiner said he expects that a new owner would shutter even more locations — a win for Domino’s.

Shares of Domino’s have lost nearly a third of their value over the last year. The company’s market cap has fallen to roughly $11.2 billion.

 

Prime Minister Mark Carney announces Canada's 1st sovereign wealth fund

OTTAWA — Prime Minister Mark Carney announced the country's first national sovereign wealth fund on Monday, pitching it as a way for Canadians to invest in nation-building projects.

Craig Lord, The Canadian Pressabout 2 hours ago

Prime Minister Mark Carney speaks during an announcement on the Canada Strong Fund, Canada's first sovereign wealth fund, in Ottawa on Monday, April 27, 2026. THE CANADIAN PRESS/Justin Tang

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00:00:53

OTTAWA —

Prime Minister Mark Carney announced the country's first national sovereign wealth fund on Monday, pitching it as a way for Canadians to invest in nation-building projects.

Carney said the Canada Strong Fund will invest in major Canadian industrial projects in areas such as energy, infrastructure, mining, agriculture and technology.

The prime minister said the federal government will put up funds starting at $25 billion to invest alongside private investors. He said individual Canadians can also put money into the fund and suggested it would be similar to purchasing a government bond, where the initial investment is protected.

Returns from those investments will be put back into the fund to expand its capacity and build out capital projects in Canada.

Speaking to reporters Monday, Carney compared the fund to a "national savings and investment account." He also called it "the people's fund."

Carney cited the Canadian Pacific Railway as an example of a privately funded project supported with public money that ultimately delivered benefits for generations of Canadians.

He said the fund can support construction of new ports, mines and energy corridors that will have similar national benefits.

"We're taking lessons from our history, which is that a lot of wealth has been created in these transformative projects," Carney said.

"It creates an opportunity to invest alongside for Canadians and spread that wealth over time."

Countries such as Norway and many Gulf states already have large sovereign wealth funds. Alberta's Heritage Savings Trust Fund functions in a similar way, by reinvesting proceeds from the province's resource sector.

The Canada Strong Fund will be set up as an independent, arm's-length Crown corporation. The federal government says it will consult over the coming months on the specific design of the investment instrument.

Carney made the announcement Monday morning at the Canada Science and Technology Museum in Ottawa, a day before the Liberal government tables the spring economic update.

The prime minister was asked where the federal government will get the money to cover the initial $25-billion capitalization. He said he didn't want to "front-run" his finance minister's fiscal update.

Finance Minister François-Philippe Champagne, in Montreal to discuss the Canada Strong Fund on Monday, was also asked where the money would be coming from.

Champagne did not answer directly but said the federal government's relatively strong fiscal standing internationally would allow it to borrow at favourable rates.

In Ottawa, Carney suggested there would be "good news" in Tuesday's update on the government's deficits and spending reduction targets.

He was asked by a reporter why the deficit would be lower than projected in the 2025 federal budget back in November.

"Because we're good fiscal managers," he said.

The Liberals' fall budget projected a deficit of $78.3 billion for the last fiscal year, with deficits declining and averaging around $64 billion annually over the five-year horizon.

Carney also pushed back when a reporter suggested the government's revenues would be better because of higher inflation. He noted the annual rate of inflation has been within the Bank of Canada's target range of one to three per cent for the entirety of his time in office.

Many economists predict the federal government's revenue stream will benefit from the recent spike in gas prices tied to the war in Iran. Ottawa has offset some of the higher revenues from the energy shock with affordability measures, such as a pause on the federal fuel excise tax until Labour Day.

Since the fall budget, Statistics Canada has also revised up gross domestic product data from the previous three years, giving the federal government a stronger-than-expected starting point for many of its fiscal guideposts.

This report by The Canadian Press was first published April 27, 2026.

Senate confirmed Kevin Warsh as a Fed governor

 Senate confirmed Kevin Warsh as a Fed governor, with chair vote to come. In a 51–45 vote mostly along party lines, Kevin Warsh, President Trump’s nominee to replace Jerome Powell as Federal Reserve chair, was approved by the Senate to sit on the Fed’s board of governors. That means he’s now cleared to receive a vote to become the Fed chair, which is expected today. If Warsh is named chair (which is all but guaranteed), he’ll assume the post this Friday, taking over for Powell. JPow isn’t going anywhere, however: His term as a governor doesn’t end until 2028, and he’s said he intends to stay put on the board until a federal investigation into his handling of the Fed building’s renovation ends.

Kids are chatting old school

Kids are chatting old school

Tin Can

The next generation will be expert prank callers: There’s a monthslong waitlist for a screenless, landline-inspired device for kids called Tin Can. The pared-down phone has only been on the market for a year and has already sold hundreds of thousands of units, the startup that sells it told Bloomberg yesterday. Tech that parents actually like? The wi-fi-enabled phone costs $100, and offers free calls between Tin Cans and to emergency services. Its most popular plan, according to the company, is an extra $10/month that lets users call non-Tin Can phones: The phone was created by Chet Kittleson, a father of three, who says he felt exhausted by the choice between letting his kids get a smartphone or managing all their playdates with friends. His company has since raised an initial $3.5 million, followed by a $12 million seed round in December led by Greylock Partners. Tin Can says its fastest-growing market segment is bulk orders from schools. This month, the Nativity Parish school in Kansas delivered free Tin Cans to 200+ families of elementary school students. Big picture: The retro device has attracted parents as lawmakers around the world pitch social media bans for kids. Just last month, Meta and YouTube lost a huge social media addiction trial a day after Meta lost a different child safety case.

 

It would be foolish to underestimate what Trump is capable of, says author Louise Penny | CBC Radio

It would be foolish to underestimate what Trump is capable of, says author Louise Penny | CBC Radio

It would be foolish to underestimate what Trump is capable of, says author Louise Penny

New book explores plot to make Canada 51st state, written before Trump's re-election

Padraig Moran · CBC Radio · Posted: Nov 21, 2025 8:37 AM PST | Last Updated: November 21, 2025

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Estimated 5 minutes

Bestselling author Louise Penny told Matt Galloway it was 'a bit of a shock' to hear U.S. President Donald Trump talk about Canada becoming the 51st state, especially as it was the plot of her already-written new book (Andrea Stanford/CBC)

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LISTEN | Two countries, one community:

The Current1:14:23Live at the Haskell Free Library, right on the U.S. border

Bestselling author Louise Penny says it would be foolish to dismiss the 51st state rhetoric that U.S. President Donald Trump has repeatedly leveled at Canada. 

“I think that there is not a country that's been invaded, a peoples who have been targeted … who hasn't looked back and thought, what did I miss?” Penny told The Current’s Matt Galloway in a special show with a live audience.

“Where was the moment when it could have been stopped? And I think we're living through that moment right now,” she said.

Penny was speaking on stage at the Haskell Free Library and Opera House, a unique venue that is split by the U.S.-Canada border. Part of the building is in Stanstead, Que.; part is in Derby Line, Vt.

The venue has become embroiled in the simmering tensions between the two countries over the past year, as Trump started a trade war and threatened to use "economic force" to annex Canada and make it the 51st state. Earlier this year, the U.S. government limited access on the U.S. side, forcing the library to renovate and create access on the Canadian side. Penny contributed to that renovation fund, which raised more than $140,000.

A black border line runs along the floor of the Haskell Free Library, which straddles the boundary between Canada and the United States. (AP Photo/Toby Talbot)

Her latest novel, The Black Wolf, explores a sinister plot to make Canada the 51st state — though she’s keen to point out she wrote the novel before Trump was re-elected. She spoke to Galloway about her surprise as the plot became real-world politics, here is part of their conversation. 

You gave $50,000 for a new door for the Canadian side that some of our Canadian guests may have come through. 

I do just want to say that the reason I could afford to do that is because of [my readers’] support. Because financially, I've been so fortunate over the course of a 20-year career. And so it just seemed natural, absolutely natural to say thank you and give some — not all of it — give some of it back. 

You also said, creating the new door, these are your words, it's like giving the finger to the current administration. You close one door, we'll open another.

Well, and how symbolic are doors? Doors. They closed a door. And how elegant is the solution on the Canadian side, totally supported by the American part of the organization here, to just say, 'Well, that's all right. We'll just open our own.' And that's what happened. 

You're good friends with Hillary Rodham Clinton, you wrote a book with her.

Yes.

WATCH | Hillary Rodham Clinton and Louise Penny on writing together:

Hillary Rodham Clinton and Louise Penny on their political thriller, State of Terror

October 15, 2021|

Duration2:43

Good friends Hillary Rodham Clinton and Louise Penny talk about their first novel together, State of Terror, which follows newly appointed U.S. secretary of state Ellen Adams and her race to stop a series of international terrorist attacks.

Have you had any conversations with her about what's going on right now?

A few. 

Would you care to share the tenor and the tone of those conversations? 

I do want to say she loves the Eastern Townships. She loves coming up. She was here this past summer and she said that it's the first time since the inauguration that she's felt safe. I've never heard her say that before. I think she's afraid for the first time physically, but she is certainly afraid for the American democracy and the American republic.

You started this book before Trump was re-elected, right?

I started this because it's two halves of a whole, starting with the Grey Wolf and then the Black Wolf is the second half of it. So in fact, it was designed three years ago. 

WATCH | How a Quebec town pushed back against new rules for library:

Quebec town pushes back as U.S. tightens access to iconic border-straddling library

March 21, 2025|

Duration2:29

Once a symbol of partnership between two friendly nations, the Haskell Free Library and Opera House in Stanstead, Que., has become a point of tension lately, with American authorities now deciding the way it functioned for decades posed too much of a border security risk.

And so how do you, at that point, start thinking about 51st state, long before those words have come out of the current president's mouth? You said to me that you worried that you'd gone too far. Now you worry whether you didn't go far enough. 

It was a bit of a shock to hear Trump talk about the 51st state.

If you read the book you'll see that it just seems, I hope, like a natural progression. 

And then when it actually happened in the real world, obviously as a Canadian I was appalled. And unsure how seriously to take it. I think we're still trying to parse that. The other part was obviously thinking more personally, if this is in my book, are people going to think that I've simply ripped it from the headlines and ripped it off and taken advantage of what is a very shattering experience?

How seriously should we take it? 

That is a really interesting question. I think it would be foolish to underestimate what he's capable of. I think that there is not a country that's been invaded, a peoples who have been targeted or an individual who's been rounded up, who hasn't looked back and thought, what did I miss? Where was the moment when it could have been stopped? And I think we're living through that moment right now. 

• Americans don’t recognize the damage Trump is doing, says novelist John Irving

• Margaret Atwood on reading palms, getting older — and holding grudges

And it behooves all of us, certainly behooves me because I'm 67. I am 20 years into a career that has so overshot any of my expectations. If I don't stand up, and I am in a position where I can, then shame on me. I think it's time that we stood up, those of us who can.

Gen Z hunts scholarships on TikTok

 Gen Z hunts scholarships on TikTok

Nick Iluzada

Since most US college applicants are not star athletes or the children of a Full House cast member, they have to find other ways to pay for higher education. According to a new survey, one of those ways is scrolling TikTok: More than 1 in 5 Gen Z students (22%) search for scholarships on the social media platform at least once a week, per the private student loan lender Sallie. They’re learning about scholarships on TikTok more often than from their own guidance counselors (19%) and only slightly less than from college financial aid offices (28%). While TikTok can be a helpful resource, you may be shocked to hear that the information on the app is not always accurate. A third of Gen Z students reported seeing misleading info about how to obtain scholarships, including “free” scholarships that actually had an application fee and exaggerated award amounts.

Brew experts needed

 brew experts needed

Nick Iluzada

Despite what your friend who rejects anything other than a single-origin pour over would have you believe, becoming a coffee expert isn’t easy—and that’s a problem for Wall Street. Starbucks may be on every corner, but coffee graders who evaluate quality for the commodities market are in short supply at the New York Stock Exchange because the test to become one is so tough, the Wall Street Journal reports: Aspiring graders must pass a three-stage test, and if they fail at any point, they must go back to square one. It includes a written portion on the rules, a three-hour grading test, and a final part months later that involves tasting coffee in front of proctors to detect defects. Only 5%–8% of test-takers pass. For comparison: 64% pass California’s famously tough bar exam. And to even be allowed to take the test, which kicked off Monday for this year, applicants must have at least five years of experience in the coffee industry. Being a barista—no matter how hip—is not enough.

Technology’s latest milestone: 13.1

 Technology’s latest milestone: 13.1

Anadolu/Getty Images

You can’t run from technology, especially not now. Event organizers in Beijing, China, hosted a half-marathon race featuring both humans and humanoid robots for the second straight year. The number of participating humanoid teams jumped nearly 500% this year, and, despite some hilarious moments, the machines ran away with the competition. This year’s winning robot outpaced last year’s by nearly two hours, but the real headline is that, for the first time, a robot beat the humans, proving that the only thing more powerful than mettle is metal. We had a good run, humans: According to the Beijing Economic-Technological Development Area (known as Beijing E-Town), which hosted the race, a bipedal robot named Lightning completed the race in 50 minutes and 26 seconds, shattering the human record of 57 minutes and 20 seconds set by Uganda’s Jacob Kiplimo last month. To make matters worse, the robot added one of those 13.1 stickers to its car faster than Kiplimo, too. Technological strides Many of the participating robots were controlled remotely, but the winning Lightning robot, made by Chinese smartphone-maker Honor, navigated autonomously. Battle bots: In the past year, China has hosted several humanoid sporting competitions, highlighting the progress the country has made since designating robotics as a key sector for rehabbing its technological image in 2015, per CNN.—BC

World Cup bookings aren’t meeting expectations

 World Cup bookings aren’t meeting expectations

Feature China/Getty Images

On Fridays, the Brew’s Dave Lozo looks at a sports business story that says a lot more than just the final score of a game. If you need a place to stay for the World Cup, there are still plenty of rooms available. Hoteliers and Airbnb proprietors in a majority of host cities have said that bookings are surprisingly way below expectations, with the matches only about a month away: Per a survey from the American Hotel & Lodging Association (AHLA), 80% to 90% of hoteliers in Kansas City, Boston, Philadelphia, San Francisco, and Seattle are trailing behind a typical summer. Some industry insiders are calling the World Cup a “non-event.” Seven in 10 respondents said that geopolitical and visa concerns are keeping international fans away. Airbnbs aren’t faring much better. Only one host city (Boston) has reported that more than 50% of Airbnb rentals were booked as of late April. That’s despite Airbnb offering a $750 bonus for new hosts during the tournament.

Neon caffeine coming to McDonald’s

 Neon caffeine coming to McDonald’s

The Washington Post/Getty Images

The biggest burger chain in the world will start selling energy drinks, refreshers, and dirty sodas at its US locations later this year, following its competitors’ leads into the booming market of fun little beverages, the Wall Street Journal reported. According to the WSJ: New beverages include Red Bull Dragonberry Energizer, Mango Pineapple Refresher, and Dirty Dr. Pepper. McDonald’s plans to price the new items lower than competing drinks from Starbucks, Sonic, and other chains with footholds in the $100 billion global beverage market. McDonald’s is leaning into drinks—which tend to have higher profit margins than food—at a time when diners are increasingly downsizing their meal portions and, separately, being influenced by Utah culture. Cream- and syrup-filled dirty sodas went viral in recent years, thanks to the drink’s original creator, the Utah-based beverage chain Swig, which was featured in the reality show The Secret Lives of Mormon Wives. McDonald’s is somewhat late to the drink craze. Sonic started letting customers “make it dirty” in 2024, and Taco Bell added dirty sodas to its permanent menu last month. Meanwhile, Starbucks launched extra caffeinated refreshers last week. McDonald’s previously tested the waters with CosMc’s, a specialty beverage drive-through that opened in 2023 but closed last year.

 

Elon Musk Summoned to France to Face Criminal Charges

Paris prosecutors investigating X seek preliminary charges against Musk and ex-CEO Yaccarino, even if they don’t appear; company has called probe ‘abusive’

By 

Sam Schechner

Updated May 7, 2026 4:06 pm ET

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French prosecutors asked Elon Musk and Linda Yaccarino to respond to preliminary charges filed against them. Harun Ozalp/Anadolu/Getty Images; Artur Widak/NurPhoto/Getty Images

PARIS—French prosecutors are summoning Elon Musk to the French capital again—this time to face preliminary criminal charges in a sprawling investigation into his social-media platform, X.

The new summons, just weeks after Musk didn’t show up for a voluntary interview with French prosecutors, escalates a trans-Atlantic feud over France’s handling of its long-running probe of X. It also underscores a growing divergence between the U.S. and Europe over how—and whether—tech platforms like X should police online speech.

The U.S. Justice Department last month declined to cooperate with the French investigation and called it a “politically charged criminal proceeding aimed at wrongfully regulating through prosecution the business activities of a social media platform.” 

That came after a February raid on X’s Paris offices by French law enforcement and prosecutors seeking evidence in their probe.

The investigation, which began in 2025 with allegations of a biased algorithm, has since grown to include charges of violating the secrecy of correspondence, dissemination of child pornography and the creation of sexualized deepfake images by its Grok chatbot.

Prosecutors said Thursday that the probe was now an official criminal investigation. They added that Musk is being invited, along with X’s former chief executive, Linda Yaccarino, to respond to preliminary charges against them. If either Musk or Yaccarino fails to appear, they can be slapped with the preliminary criminal charges in their absence, the prosecutors said.

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In the French legal system, once preliminary charges have been filed, an investigating magistrate conducts an investigation that can last months or even years before deciding whether to send the accused to trial or drop the case. Preliminary charges are generally delivered in person.

X didn’t immediately respond to a request for comment but previously called the raid an “abusive act of law enforcement theater.”

French prosecutors said Thursday that the goal of their investigation is to push platforms like X to comply with French law when operating in France. The prosecutors haven’t so far sought to arrest or detain Musk or others in connection with its X investigation.

The decision to pursue potential criminal charges against Musk is part of a new pugnacious strategy from cybercrime investigators in the Paris prosecutor’s office in recent years to hold the leaders of tech companies criminally responsible for what happens on their apps. 

They issued arrest warrants earlier this year for executives at an Australian video website under investigation. And in 2024, they were involved in the arrest of Telegram founder Pavel Durov as part of an investigation into the chat and social media app’s responsibility for alleged crimes on its platform. Durov was slapped with preliminary charges and denied permission to leave the country for more than six months. Both Durov and Telegram have denied wrongdoing. 

Tensions between Europe and the U.S. over tech regulations were already simmering over different approaches to free expression. In Europe, laws in some countries ban certain types of hate speech, like antisemitic posts, that would be legal in the U.S.

In recent years, European Union regulators have bolstered their legal arsenal with a new continentwide law that requires large tech platforms to monitor their services for illegal content under threat of heavy fines.

The Trump administration and other U.S. officials have accused the EU of trying to silence dissent. The U.S. imposed visa restrictions on five people it described as “agents of the global censorship-industrial complex.”

European regulators have filed several cases against X. The EU fined the social-media company about $140 million last year for alleged breaches of the EU law related to X’s blue checkmark system. The U.K. and EU have also both opened probes into X over the creation of sexualized images, including of children, created by Grok.

Earlier Wednesday, EU countries and the bloc’s parliament agreed on a provisional deal to ban so-called nudifier tools, which can be used to create explicit images of a person without consent. The rule would ban apps that don’t take measures to block that capability in artificial intelligence image-generation software. The move to ban the tools came in large part in response to the controversy over Grok.