Subtext

Domino's Pizza, Inc. DPZ

SectorConsumer Discretionary
Transcripts21
Date range2020-04-23 – 2025-04-28
Calls charted21

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-16-8+0+8+162020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Overall: -1.62020 Q2 · Overall: +13.92020 Q3 · Overall: +9.62020 Q4 · Overall: +8.92021 Q1 · Overall: +10.02021 Q2 · Overall: +10.12021 Q3 · Overall: -6.42021 Q4 · Overall: -0.52022 Q1 · Overall: +3.42022 Q2 · Overall: +2.82022 Q3 · Overall: +2.92022 Q4 · Overall: +5.12023 Q1 · Overall: +9.42023 Q2 · Overall: +8.52023 Q3 · Overall: +7.12023 Q4 · Overall: +6.32024 Q1 · Overall: +7.92024 Q2 · Overall: +2.72024 Q3 · Overall: +3.92024 Q4 · Overall: +8.52025 Q1 · Overall: +2.6
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-82-41+0+41+822020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · CEO: -0.32020 Q2 · CEO: +21.02021 Q1 · CEO: +14.92021 Q2 · CEO: +13.82021 Q4 · CEO: +22.02022 Q1 · CEO: +8.52022 Q2 · CEO: +10.82022 Q3 · CEO: +18.32022 Q4 · CEO: +17.32023 Q1 · CEO: +25.02023 Q2 · CEO: +18.12023 Q3 · CEO: +16.12023 Q4 · CEO: +20.82024 Q1 · CEO: +12.02024 Q2 · CEO: +9.72024 Q3 · CEO: +13.12024 Q4 · CEO: +17.22025 Q1 · CEO: +12.22020 Q1 · CFO: +0.02020 Q2 · CFO: +8.82020 Q3 · CFO: +13.42020 Q4 · CFO: +11.22021 Q1 · CFO: +7.42021 Q2 · CFO: +8.72021 Q3 · CFO: +71.42021 Q4 · CFO: +58.82022 Q1 · CFO: -3.42022 Q2 · CFO: +0.02022 Q3 · CFO: +0.72022 Q4 · CFO: +3.02023 Q1 · CFO: +3.92023 Q2 · CFO: +4.92023 Q3 · CFO: +16.42023 Q4 · CFO: +5.42024 Q1 · CFO: +23.62024 Q2 · CFO: +2.72024 Q3 · CFO: +8.12024 Q4 · CFO: +9.42025 Q1 · CFO: +3.1
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-39-19+0+19+392020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Prepared remarks: -2.12020 Q2 · Prepared remarks: +16.32020 Q3 · Prepared remarks: +14.22020 Q4 · Prepared remarks: +14.02021 Q1 · Prepared remarks: +18.12021 Q2 · Prepared remarks: +12.22021 Q3 · Prepared remarks: +16.22021 Q4 · Prepared remarks: +22.72022 Q1 · Prepared remarks: +6.72022 Q2 · Prepared remarks: +1.12022 Q3 · Prepared remarks: +4.92022 Q4 · Prepared remarks: +7.72023 Q1 · Prepared remarks: +15.92023 Q2 · Prepared remarks: +11.22023 Q3 · Prepared remarks: +25.22023 Q4 · Prepared remarks: +18.22024 Q1 · Prepared remarks: +33.82024 Q2 · Prepared remarks: +13.22024 Q3 · Prepared remarks: +13.62024 Q4 · Prepared remarks: +19.02025 Q1 · Prepared remarks: +15.32020 Q1 · Q&A responses: +1.32020 Q2 · Q&A responses: +15.72020 Q3 · Q&A responses: +12.32020 Q4 · Q&A responses: +8.82021 Q1 · Q&A responses: +9.02021 Q2 · Q&A responses: +13.02021 Q3 · Q&A responses: -7.42021 Q4 · Q&A responses: -6.82022 Q1 · Q&A responses: +2.22022 Q2 · Q&A responses: +8.02022 Q3 · Q&A responses: +8.22022 Q4 · Q&A responses: +14.12023 Q1 · Q&A responses: +11.12023 Q2 · Q&A responses: +16.02023 Q3 · Q&A responses: +11.22023 Q4 · Q&A responses: +11.12024 Q1 · Q&A responses: +11.32024 Q2 · Q&A responses: +4.32024 Q3 · Q&A responses: +9.42024 Q4 · Q&A responses: +10.02025 Q1 · Q&A responses: +6.8
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$10.78$14.32$17.852020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: $11.272020 Q2: $11.762020 Q3: $12.902020 Q4: $12.952021 Q1: $13.362021 Q2: $13.952021 Q3: $15.222021 Q4: $15.392022 Q1: $14.922022 Q2: $13.962022 Q3: $14.402022 Q4: $14.182023 Q1: $13.482023 Q2: $14.162023 Q3: $15.212023 Q4: $15.712024 Q1: $16.272024 Q2: $17.002024 Q3: $17.36

Forward P/E

20.5827.8135.042020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: 25.732020 Q2: 32.372020 Q3: 29.922020 Q4: 29.542021 Q1: 27.192021 Q2: 32.092021 Q3: 33.222021 Q4: 34.042022 Q1: 27.172022 Q2: 27.602022 Q3: 23.632022 Q4: 25.862023 Q1: 23.192023 Q2: 21.582023 Q3: 26.062023 Q4: 25.642024 Q1: 27.812024 Q2: 31.392024 Q3: 23.56

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2020 Q3 tone ↓ -4.3 fwd EPS ↑ +1.14 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -16.4 fwd EPS ↑ +1.27 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↑ +3.9 fwd EPS ↓ -0.47 Tone rose while the forward EPS estimate was cut.
  • 2022 Q4 tone ↑ +2.2 fwd EPS ↓ -0.22 Tone rose while the forward EPS estimate was cut.
  • 2023 Q1 tone ↑ +4.3 fwd EPS ↓ -0.70 Tone rose while the forward EPS estimate was cut.
  • 2024 Q2 tone ↓ -5.2 fwd EPS ↑ +0.73 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-04-28+2.6——View →
2024 Q42025-02-24+8.5——View →
2024 Q32024-10-10+3.9$17.3623.6View →
2024 Q22024-07-18+2.7$17.0031.4View →
2024 Q12024-04-29+7.9$16.2727.8View →
2023 Q42024-02-26+6.3$15.7125.6View →
2023 Q32023-10-12+7.1$15.2126.1View →
2023 Q22023-07-24+8.5$14.1621.6View →