In a recent interview with CNBC’s Jim Cramer, Domino’s Pizza CEO Russell Weiner addressed the company’s revised guidance for its global operations. Despite an earnings beat, Domino’s might fall short of its international store growth target by 175 to 275 locations, primarily due to struggles faced by its largest international franchisee, Domino’s Pizza Enterprises (DPE), which operates in markets like Australia and New Zealand. Weiner emphasized that while challenges exist, robust performance in markets such as China and India helps balance overall results. Domestically, the company is experiencing strong demand across its delivery, carry-out, and various income segments. Additionally, Weiner discussed Domino’s product strategy, including the launch of its “New York Style” pizza aimed at attracting new customers seeking a thinner crust option.
Original Story https://www.cnbc.com/2024/07/22/dominos-pizza-ceo-talks-weakness-in-international-franchisee.html
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