Domino's Pizza seeks to expand its global footprint to 25,000 stores to reach its top targets and build its market share, said CNBC Wednesday's CEO Ritch Allison.
"In addition to all this, it has given us some very interesting intelligence about where else our consumers go to buy pizza," he says. "They go elsewhere and now we know much more about it than we just did some months ago. "
The stock jumped 7.5% after reporting better than expected earnings in the first quarter. While not beating the same shopping growth outlook, 3.9% that Domino reported was not as bad as investors feared. [1
"The more races we get per hour – it only improves finances in each of these delivery orders, because in some of the high-end labor markets today it is very difficult to take $ 20 worth food 9 minutes away form placement and make money on that order, says Allison. "We need to bring these areas down to reach our goals and to protect ourselves from this new, new set of competitors."
Stocks of Domino put the session up 13.22%. The stock is up over 22% in the past year.