Core Insights - Domino's Pizza Inc. has maintained its full-year 2025 guidance after reporting third-quarter earnings and sales that exceeded expectations, driven by successful promotional campaigns and expanding margins [1] Financial Performance - TD Cowen analysts have maintained a Buy rating but adjusted the price forecast from $510 to $500, reflecting a balanced view on the company's commitment to achieving over 3% same-store sales (SSS) in 2026 while acknowledging a general softening of fourth-quarter trends [2] - U.S. same-store sales grew by 5.2% in the third quarter, primarily driven by increased traffic, with carry-out SSS rising by 8.3% and delivery increasing by 2.5% [3][8] - TD Cowen's financial model projects 2025 revenue of $4,921.9 million, a slight decrease from the previous estimate of $4,938.3 million, and forecasts 2026 revenues of $5,174.4 million, down from $5,193.3 million [5] - BTIG analysts reiterated their Buy rating with a $530 price forecast, anticipating continued market share gains and positive comparable store sales despite broader consumer weakness [7] Earnings Estimates - TD Cowen raised its 2025 EPS forecast to $17.45 from $17.35 and its 2026 EPS estimate to $19.49 from $19.39 [6] - BTIG has modestly raised its fiscal year 2025 EPS estimate to $17.47 from $17.38 and its fiscal year 2026 EPS forecast to $19.25 from $18.93 [11] Market Trends - BTIG anticipates that domestic comparable store sales for the fourth quarter may be slightly lower than the third quarter, potentially resulting in a modest miss against targets [9] - The firm estimates that GLP-1 drug usage may be reducing industry sales by 50-100 basis points this year, particularly among lower-income consumers [10]