Domino's: New CEO at the Top(ping)

Research evidence excerpt

Domino's: New CEO at the Top(ping)

Deutsche Bank

Research

Rating Company Date

Buy Domino's 22 June 2026

Company Update

North America

United States

Reuters Bloomberg Exchange Ticker Price at 22 Jun 2026 (USD) 295.11

DPZ.OQ DPZ US NAS DPZ

Price Target 435.00

Consumer

483.65 -

Restaurants 52-week range 302.29

New CEO at the Top(ping)

Valuation & Risks

Lauren Silberman, CFA

DPZ Announces CEO Transition Research Analyst

On 6/22, DPZ announced that Russell Weiner is retiring as CEO and will be +1-212-250-1285

succeeded by Joe Jordan, current COO and President of Domino’s US, effective

Skyler Limber

10/1. Weiner will transition to the role of Executive Chairman, noting current Research Associate

Executive Chairman David Brandon will not stand for reelection in 2027, while +1-212-250-9185

Jordan will also join the company’s Board. The announcement comes at a

Anish Chejerla

challenging time for DPZ and the broader industry, though the long-tenured bench

Research Associate

of talent and internal promotions should create a seamless transition. Jordan has

+1-212-250-9293

nearly 15 years of leadership experience at DPZ across marketing, operations,

technology, international markets and franchisee support.

We think the timing of the management change is likely to add to concerns from

bears regarding DPZ’s long-term growth trajectory, while the absence of any

guidance reiteration (in light of this significant announcement) could be seen as a

signal of risk to the near-term outlook. That said, we believe investors are bracing

for a 2Q miss and guide down, and investor sentiment on DPZ is already among the

most negative in our coverage. We expect DPZ to continue to be seen as a show-me

story amidst structural concerns on the broader pizza category, though we remain