Domino’s Pizza (DPZ) CEO Patrick Doyle isn’t worried about a strengthening dollar. ‘Over the long-term I think a strong dollar is a good thing, as it draws investment into the U.S.’ he said. ‘From an earnings perspective short-term, it hits us, but I look at it as banked earnings growth for the future.’ While Doyle wouldn’t say if second-quarter revenue will top first-quarter’s impressive 10.6 percent increase, he said the company has plenty of momentum across the globe. ‘First-quarter was incredibly strong, up 14.5 percent on our domestic same-store sales,’ referring to a key industry metric. The company has also been working to integrate its ‘pizza theatre’ concept into its restaurants, which allows customers to watch as their pizza is prepared, among other features. Domino’s Pizza is also taking advantage of the digital world, as half of its sales stem from digital platforms. ‘If you look at the pizza category overall in the U.S., only 15-17 percent of sales are digital,’ he said. ‘With us at 50 percent, I think you will continue to see the category shift that way and hopefully we can take more of the share of that growth.’ Shares of Domino’s Pizza have returned 15 percent since the start of the year. TheStreet’s Scott Gamm speaks with Doyle from the floor of the New York Stock Exchange.
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