If Domino’s earnings on Monday prove anything, it’s that people are still eating pizza—even if fast food sales, in general, are slumping.

“There seems to be a narrative out there that pizza is a challenged and declining category,” Domino’s CEO Russell Weiner said in an earnings call on Monday. “That is just not true, looking back to 2019, you’ll find a category that has generally grown approximately 1-2% each year, including last year 2025.” Weiner did, however, acknowledge the market was “mature.”

The pizza giant reported strong fourth-quarter earnings results, with revenue coming in at 1.54 billion, beating estimates of $1.52 billion. It also reported a 15% quarterly dividend hike, but missed earnings estimates, posting adjusted earnings per share (EPS) of $5.35 for the fourth quarter, compared to estimates of $5.39.

The Ann-Arbor based company also said its New York Style Pizza and Parmesan Stuffed Crust were massive hits in 2025.

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Shares of the Domino’s Pizza Inc. (DPZ) rose 6.4% in morning trading on the news, and were up 2.2% by early midday trading at the time of this writing.

“In 2025 we demonstrated that when we execute our Hungry for MORE strategy it delivers MORE sales, MORE stores, and MORE profits,” Weiner also said in an earnings release. Domino’s same-store sales in the U.S. grew 3.7% for the fourth quarter—a 3% growth for fiscal 2025.

In the earnings call, Domino’s chief financial officer Sandeep Reddy also mentioned how the company plans to capitalize on its competitor’s recent store closings.

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