Domino's Pizza named Chief Operating Officer Joe Jordan as its next CEO, effective October 1, tapping a longtime insider to lead the world's largest pizza company as it contends with slowing sales and a more competitive market. Jordan, 53, currently also serves as president of Domino's U.S. operations and has spent close to 15 years at the company, building experience across marketing, technology, franchisee support, and both U.S. and international operations. Outgoing CEO Russell Weiner will transition to executive chairman-designate on the same date, with plans to become executive chairman following the company's 2027 annual shareholder meeting, while current Executive Chairman David Brandon will retire from the board in 2027 after 28 years of service. The leadership change comes after first-quarter domestic same-store sales rose only 0.9% against a Bloomberg consensus estimate of 2.6%, and overseas same-store sales declined 0.4%, missing the 0.7% gain analysts had projected. Shares have shed roughly 30% so far this year, and the stock dropped another 2% after the announcement.
Domino's Pizza Inc Common StockQ1 domestic same-store sales rose only 0.9% vs 2.6% consensus, and overseas sales declined 0.4% vs expected 0.7% gain, indicating slowing demand.
Domino’s Pizza Group PLC