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<p>达美乐比萨报告第一季度同店销售额低于预期，突显出由于通货膨胀和经济不确定性对消费者的影响，消费者的可支配支出面临日益增长的压力。</p>
<p>根据 LSEG 数据，该公司股价在盘前交易中下跌近 4%，美国同店销售额仅增长 0.9%，未能达到分析师预期的 2.72% 的增长。</p>
<p>国际市场上，同店销售额下降 0.4%，而预测为增长 0.7%，反映出澳大利亚等市场的压力。</p>
<p>这一结果出现在美国家庭面临成本上升和劳动力市场疲软的时期，促使消费者从外出就餐转向更实惠的家庭用餐选择。</p>
<h2>在需求转变中，价值产品成为焦点</h2>
<p>随着消费者对价格的敏感度不断提高，达美乐加大了促销和以价值为导向的产品，以维持需求。</p>
<p>该公司重新推出了 9.99 美元的 “最佳优惠”，并继续推出 “混合搭配” 和 “紧急比萨” 等折扣，以及像帕尔马奶酪填充边的比萨等新菜单创新。</p>
<p>整个行业面临的运输和投入成本上升——因地缘政治紧张局势而加剧——增加了定价压力，迫使餐饮连锁企业在可负担性和利润之间寻找平衡。</p>
<p>尽管面临这些挑战，达美乐表示仍然看到积极的订单增长和市场份额的提升，这表明其价值定位仍然与客户产生共鸣。</p>
<p>“在日益激烈的宏观和竞争环境中，我们的规模优势和一流的门店盈利能力使达美乐在快餐比萨类别中独特地定位，以维持客户所需的价值和创新，” 首席执行官拉塞尔·维纳在一份声明中表示。</p>
<h2>利润下滑，宣布回购</h2>
<p>达美乐报告季度每股收益为 4.13 美元，低于去年同期的 4.33 美元，也低于分析师预期的 4.27 美元。</p>
<p>下降部分是由于与其在 DPC Dash 投资价值变化相关的 3000 万美元税前费用。</p>
<p>尽管收益未达预期，该公司宣布了一项 10 亿美元的股票回购计划，显示出对其长期前景的信心。</p>
<p>展望未来，达美乐预计 2026 财年美国同店销售额增长约 3%，大致与去年持平，尽管业绩可能仍与消费者支出趋势和宏观经济条件密切相关。</p>
<h2>扩张和数字战略支持长期增长</h2>
<p>尽管短期需求仍面临压力，达美乐继续依靠扩张和运营举措推动增长。</p>
<p>全球系统销售额同比增长 3.4%，得益于过去四个季度的新店开业。</p>
<p>该公司在 2025 年新增近 800 家净新店，计划在 2026 年再开近 1000 家，尽管分析师警告称，如果宏观经济条件进一步恶化，这些目标可能会受到影响。</p>
<p>分析师还指出，能源成本上升可能带来的潜在风险，特别是在中国和印度等关键增长市场，达美乐预计未来扩张的很大一部分将在这些市场进行。</p>
<p>除了实体扩张，达美乐还在数字平台和忠诚度计划上进行投资，以增强客户参与度。</p>
<p>该公司还通过与第三方配送平台的合作扩大了覆盖范围，标志着其从早期依赖内部配送网络的转变。</p>
<p>达美乐股票因销售未达预期而下跌，显示出消费者压力的文章首次出现在 Invezz 上。</p>

达美乐比萨

<p>达美乐比萨在第一季度报告了令人失望的同店销售额，美国销售仅增长 0.9%，未达到预期的 2.72%。在盘前交易中，股价下跌近 4%。国际市场上，销售额下降了 0.4%。由于通货膨胀和劳动力市场疲软，公司面临消费者压力，促使人们转向更实惠的家庭用餐。尽管季度收益降至每股 4.13 美元，达美乐仍宣布进行 10 亿美元的股票回购。公司计划在 2026 年开设近 1000 家新店，并投资数字平台以增强客户互动</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/04/image-1-1777287018.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/04/image-1-1777287018.png"/></p>
<p>Domino's Pizza reported weaker-than-expected same-store sales for the first quarter, highlighting the growing strain on discretionary spending as inflation and economic uncertainty weigh on consumers.</p>
<div class="lb-trans"><p>达美乐比萨报告第一季度同店销售额低于预期，突显出由于通货膨胀和经济不确定性对消费者的影响，消费者的可支配支出面临日益增长的压力。</p>
</div><p>Shares of the company fell nearly 4% in premarket trading after US same-store sales rose just 0.9%, missing analysts’ expectations of a 2.72% increase, according to LSEG data.</p>
<div class="lb-trans"><p>根据 LSEG 数据，该公司股价在盘前交易中下跌近 4%，美国同店销售额仅增长 0.9%，未能达到分析师预期的 2.72% 的增长。</p>
</div><p>Internationally, same-store sales declined 0.4%, compared with forecasts for a 0.7% rise, reflecting pressures in markets such as Australia.</p>
<div class="lb-trans"><p>国际市场上，同店销售额下降 0.4%，而预测为增长 0.7%，反映出澳大利亚等市场的压力。</p>
</div><p>The results come at a time when US households are grappling with rising costs and a weakening labour market, prompting a shift away from eating out toward more affordable at-home options.</p>
<div class="lb-trans"><p>这一结果出现在美国家庭面临成本上升和劳动力市场疲软的时期，促使消费者从外出就餐转向更实惠的家庭用餐选择。</p>
</div><h2>Value offerings take centre stage amid demand shift</h2>
<div class="lb-trans"><h2>在需求转变中，价值产品成为焦点</h2>
</div><p>With consumers becoming increasingly price-sensitive, Domino’s has ramped up promotions and value-focused offerings to sustain demand.</p>
<div class="lb-trans"><p>随着消费者对价格的敏感度不断提高，达美乐加大了促销和以价值为导向的产品，以维持需求。</p>
</div><p>The company has revived its $9.99 “Best Deal Ever” and continues to push discounts such as “Mix and Match” and “Emergency Pizza,” alongside new menu innovations like a Parmesan-stuffed crust pizza.</p>
<div class="lb-trans"><p>该公司重新推出了 9.99 美元的 “最佳优惠”，并继续推出 “混合搭配” 和 “紧急比萨” 等折扣，以及像帕尔马奶酪填充边的比萨等新菜单创新。</p>
</div><p>Industry-wide, higher transportation and input costs—exacerbated by geopolitical tensions—are adding to pricing pressures, forcing restaurant chains to strike a balance between affordability and margins.</p>
<div class="lb-trans"><p>整个行业面临的运输和投入成本上升——因地缘政治紧张局势而加剧——增加了定价压力，迫使餐饮连锁企业在可负担性和利润之间寻找平衡。</p>
</div><p>Despite these challenges, Domino’s said it is still seeing positive order growth and gains in market share in the US, suggesting that its value positioning continues to resonate with customers.</p>
<div class="lb-trans"><p>尽管面临这些挑战，达美乐表示仍然看到积极的订单增长和市场份额的提升，这表明其价值定位仍然与客户产生共鸣。</p>
</div><p>“In an intensifying macro and competitive environment, our scale advantage and best-in-class store level profitability uniquely position Domino's in the QSR Pizza category to sustain the value and innovation customers demand,” CEO Russell Weiner said in a statement.</p>
<div class="lb-trans"><p>“在日益激烈的宏观和竞争环境中，我们的规模优势和一流的门店盈利能力使达美乐在快餐比萨类别中独特地定位，以维持客户所需的价值和创新，” 首席执行官拉塞尔·维纳在一份声明中表示。</p>
</div><h2>Profit slips, buyback announced</h2>
<div class="lb-trans"><h2>利润下滑，宣布回购</h2>
</div><p>Domino’s reported quarterly earnings of $4.13 per share, down from $4.33 a year earlier and below analyst expectations of $4.27.</p>
<div class="lb-trans"><p>达美乐报告季度每股收益为 4.13 美元，低于去年同期的 4.33 美元，也低于分析师预期的 4.27 美元。</p>
</div><p>The decline was partly due to a $30 million pre-tax charge linked to changes in the value of its investment in DPC Dash.</p>
<div class="lb-trans"><p>下降部分是由于与其在 DPC Dash 投资价值变化相关的 3000 万美元税前费用。</p>
</div><p>Despite the earnings miss, the company announced a $1 billion share buyback programme, signalling confidence in its long-term prospects.</p>
<div class="lb-trans"><p>尽管收益未达预期，该公司宣布了一项 10 亿美元的股票回购计划，显示出对其长期前景的信心。</p>
</div><p>Looking ahead, Domino’s expects US same-store sales growth of around 3% in fiscal 2026, broadly in line with last year, though performance is likely to remain closely tied to consumer spending trends and macroeconomic conditions.</p>
<div class="lb-trans"><p>展望未来，达美乐预计 2026 财年美国同店销售额增长约 3%，大致与去年持平，尽管业绩可能仍与消费者支出趋势和宏观经济条件密切相关。</p>
</div><h2>Expansion and digital strategy support long-term growth</h2>
<div class="lb-trans"><h2>扩张和数字战略支持长期增长</h2>
</div><p>While near-term demand remains under pressure, Domino’s continues to rely on expansion and operational initiatives to drive growth.</p>
<div class="lb-trans"><p>尽管短期需求仍面临压力，达美乐继续依靠扩张和运营举措推动增长。</p>
</div><p>Global systemwide sales rose 3.4% year-on-year, supported by new store openings over the past four quarters.</p>
<div class="lb-trans"><p>全球系统销售额同比增长 3.4%，得益于过去四个季度的新店开业。</p>
</div><p>The company added nearly 800 net new stores in 2025 and plans to open close to 1,000 more in 2026, although analysts caution that these ambitions could be affected if macroeconomic conditions deteriorate further.</p>
<div class="lb-trans"><p>该公司在 2025 年新增近 800 家净新店，计划在 2026 年再开近 1000 家，尽管分析师警告称，如果宏观经济条件进一步恶化，这些目标可能会受到影响。</p>
</div><p>Analysts have also flagged potential risks from rising energy costs, particularly in key growth markets such as China and India, where Domino’s expects a significant portion of its future expansion.</p>
<div class="lb-trans"><p>分析师还指出，能源成本上升可能带来的潜在风险，特别是在中国和印度等关键增长市场，达美乐预计未来扩张的很大一部分将在这些市场进行。</p>
</div><p>Alongside physical expansion, Domino’s has been investing in digital platforms and loyalty programmes to enhance customer engagement.</p>
<div class="lb-trans"><p>除了实体扩张，达美乐还在数字平台和忠诚度计划上进行投资，以增强客户参与度。</p>
</div><p>The company has also broadened its reach through partnerships with third-party delivery platforms, marking a shift from its earlier reliance on in-house delivery networks.</p>
<div class="lb-trans"><p>该公司还通过与第三方配送平台的合作扩大了覆盖范围，标志着其从早期依赖内部配送网络的转变。</p>
</div><p>The post Domino’s stock falls as sales miss signals consumer strain appeared first on Invezz</p>
<div class="lb-trans"><p>达美乐股票因销售未达预期而下跌，显示出消费者压力的文章首次出现在 Invezz 上。</p>
</div>

达美乐比萨的股票下跌，因销售未达预期，这表明消费者面临压力