Berkshire Sold All of Its Domino's Stock. I Didn't. Here's Why.
New Berkshire CEO Greg Abel has sold several stocks since taking over, including Domino's. Domino's is facing some near-term headwinds.

Domino's Pizza, Inc. operates as a leading international and domestic purveyor of pizza, managing its extensive operations through three distinct segments: U.S. ...
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Est. EPS $4.38 · Revenue $1.17B · 14 analysts
$7.46 per share
$7.46 per share
Est. EPS $4.32
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $4.9B | +5.0% | +3.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $601.7M | +3.0% | -2.9% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +40.0% | +1.7% | -0.8% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +19.3% | +3.4% | -3.0% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +12.2% | -1.9% | -6.5% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $671.5M | +31.2% | +13.5% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +13.6% | +24.9% | +9.3% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | -134.1% | -2.3% | +2.1% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.65x | +194.1% | -4.1% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $1.8B | +3.7% | -4.4% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 17.57 vs 17.60 | -0.2% | 4.07 vs 4.38 | -7.2% |
| Revenue Surprise | $4.9B vs $4.9B | +0.4% | $1.2B vs $1.2B | +1.8% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jul 22, 2026 | GARCIA KELLY E | officer: EVP, Chief Tech & Data Ofcr | Common Stock, $0.01 par value | A | 8,220 | $300.16 |
| Jul 22, 2026 | GARCIA KELLY E | officer: EVP, Chief Tech & Data Ofcr | Common Stock, $0.01 par value | D | 3,606 | $320.80 |
| Jul 22, 2026 | GARCIA KELLY E | officer: EVP, Chief Tech & Data Ofcr | Common Stock, $0.01 par value | A | 1,540 | $212.52 |
| Jul 22, 2026 | GARCIA KELLY E | officer: EVP, Chief Tech & Data Ofcr | Common Stock, $0.01 par value | A | 1,370 | $283.68 |
| Jul 22, 2026 | GARCIA KELLY E | officer: EVP, Chief Tech & Data Ofcr | Common Stock, $0.01 par value | D | 3,453 | $322.01 |
Operator: Thank you for standing by. My name is Jordan, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the rescheduled Domino's Pizza Inc. Second quarter 2026 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star, followed by the number one on your telephone keypad. If you'd like to withdraw your question, press star one again. Thank you. I would now like to turn the call over to Greg Lemenchick. Please go ahead. Greg Lemenchick: Good morning, everyone. Thank you for joining us today for our second quarter conference call. Today's call will begin with our Chief Executive Officer, Russell Weiner, and incoming CEO, Joe Jordan, followed by our Chief Financial Officer, Sandeep Reddy. The call will conclude with a Q and A session. The notices regarding forward-looking statements in this morning's earnings release and 10-Q, both of which are available on our IR website, also apply to our comments on the call today. Actual results or trends could differ materially from our forecasts. For more information, please refer to the risk factors discussed in our filings with the SEC. In addition, please refer to the 8-K earnings release to find disclosures and reconciliations of non-GAAP financial measures that may be referenced on today's call. This morning's conference call is being webcast and is also being recorded for replay via our website. We want to do our best this morning to accommodate as many of your questions as time permits. As such, we encourage you to ask one question only. With that, I'd like to turn the call over to Russell. Russell Weiner: Thanks, Greg, good morning, everybody. I wanted to start off by welcoming Joe Jordan, our incoming CEO, who has joined us on the call this morning. I am thrilled that the board unanimously elected Joe as our next CEO. He's an incredible leader whose experience spans virtually every aspect of our business over his 15 years with the company. Joe has earned the trust of franchisees across our global system, embodies the Domino's culture of developing leaders from within, and is uniquely qualified to guide the company through its next phase of growth. Let me turn it over to Joe for a few comments. Joe Jordan: Thanks, Russell. I'm honored to have the opportunity to lead Domino's, and I'm excited about the opportunities ahead. I've had the privilege of working alongside Russell for many years, and I want to thank him for his leadership and partnership. He has helped build one of the strongest businesses in our industry, and I'm grateful that we'll continue to benefit from his experience as he transitions to Executive Chairman next year. Having spent the last several years as COO, I've had the opportunity to work closely with our franchisees and our teams across the globe. That …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Russell J. Weiner | Chief Executive Officer & Director | USD 3,080,176 | Male | 1968 | Active |
Joseph Hugh Jordan | Chief Operating Officer & President of U.S. | USD 2,529,238 | Male | 1974 | Active |
Sandeep Reddy | Executive Vice President & Chief Financial Officer | USD 1,481,757 | Male | 1971 | Active |
Kelly E. Garcia | Executive Vice President and Chief Technology & Data Officer | USD 1,132,754 | Male | 1976 | Active |
Ryan Mulally | Executive Vice President, General Counsel & Corporate Secretary | USD 1,053,905 | Male | 1975 | Active |
Cynthia A. Headen | Executive Vice President & Chief Supply Chain Officer | USD 1,038,917 | Female | 1969 | Active |
David Allen Brandon | Executive Chairman | USD 169,523 | Male | 1952 | Active |
Katherine E. Trumbull | Executive Vice President & Chief Marketing Officer | — | Female | 1982 | Active |
Maureen Pittenger | Executive Vice President & Chief Human Resources Officer | — | Female | 1974 | Active |
Brian James Pangburn | VP, Principal Accounting Officer & Controller | — | Male | 1985 | Active |
Gregory J. Lemenchick | Vice President of Investor Relations | — | Male | — | Active |
New Berkshire CEO Greg Abel has sold several stocks since taking over, including Domino's. Domino's is facing some near-term headwinds.

DPZ's 23% pizza share, rising orders, aggregator growth and new stores point to meaningful runway, even as U.S. sales and franchisee pressures linger.

Aurora Investment Counsel acquired a new stake in Domino's Pizza Inc (NASDAQ: DPZ) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 8,123 shares of the restaurant operator's stock, valued at approximately $2,405,000. Domino's Pizza comprises about 1.2% of Aurora Investment Counsel's

Domino's Pizza (DPZ) reported earnings 30 days ago. What's next for the stock?

Domino's looks historically cheap at ~20× earnings, reflecting fears that weak same-store sales and GLP-1 drugs could permanently slow growth. If Domino's can offset health-driven demand pressure through value, menu innovation, and global expansion, the current valuation could be attractive.
