Retail

Domino’s CEO focuses on carryout in a world of delivery competition

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Carryout has become a bright spot for Domino’s Pizza as the restaurant chain battles in a tough, low-margin food delivery environment, CEO Ritch Allison told CNBC’s Jim Cramer on Thursday.

Shares of the Ann Arbor, Michigan-based pizza franchise popped almost 26% during the trading day on a strong fourth-quarter report that smashed Wall Street estimates.

“While most of the industry is running headlong into delivery, which is inherently a more profitable channel to serve, we’re working hard to hold serve on that delivery side of the business while really growing that carryout channel,” Allison said in a “Mad Money” interview. Carryout “is going to be an important part of the profit equation…



Source cnbc.com

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