Over the past few years, Domino’s Pizza underwent one of the greatest comeback stories ever, said Jim Cramer on CNBC’s “Mad Money.” As the company turned things around, its stock rallied 90 percent in 2010 and doubled the following year.
Cramer said that today, however, some are worried about Domino’s . On May 1, the pizza chain operator reported quarterly earnings that weren’t too hot. It delivered a 3-cent earnings miss off a 50-cent basis. Its revenues were weaker than expected, declining by 1.2 percent year-over-year. Despite offering a special $3 per share special dividend in March, the stock has fell by 21 percent in the last two months.
So is something seriously wrong with Domino’s or is this just a great time to buy shares at discount. To find out, Cramer welcomed CEO Patrick Doyle onto the program. Watch the video to see the full interview.
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