President Donald Trump said on Monday that China is ready to come back to the negotiating table and the two countries will start talking very seriously.Politicsread more
The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
China's state media is putting up a brave front as the country's trade war with the U.S. escalated sharply over the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
U.S. stock futures surged Monday morning after President Trump said China is ready to come back to the negotiating table following a phone call Sunday and the two countries...Marketsread more
As Washington and Beijing continue to up the ante in their protracted trade fight, the potential of a recession in the U.S. is now "the biggest concern," according to Standard...US Economyread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Domino's Pizza seeks to expand its global footprint to 25,000 stores in order to achieve its top objectives and build its market share, CEO Ritch Allison told CNBC Wednesday.
That's nearly 10,000 more locations in addition to its existing pizza joints in more than 85 markets. The franchise is the second largest pizzeria chain in the world.
"It's all part of our strategy to fortress the markets that we operate in, which brings a lot of benefits," Allison explained to "Mad Money's" Jim Cramer. "[It] gets us closer to the customer so our service improves, lowers the cost of that delivery as we're driving fewer miles, and also frankly improves the wages for our drivers because they're getting more delivery runs per hour."
As more brands like McDonald's, Starbucks and Chipotle partner with third-party delivery services to grow their customer bases, Domino's is determined not to outsource to platforms such as Uber Eats and DoorDash.
The company has been investing in its digital services and doesn't want to give away the margins or data it has gathered from more than 20 million active members in its loyalty program. The loyalty program and better technology has helped the pizzamaker increase its app downloads, boost its operations, and gain more repeat customers, Allison said.
"In addition to all of that, it's given us some really interesting intelligence about where else our consumers go to buy their pizza," he said. "They go other places, and now we know a lot more about that than we did just a few months ago."
The stock jumped after it reported better-than-expected earnings in the first quarter. While it did not beat same-store-sales growth expectations, the 3.9% that Domino's reported was not as bad as investors feared.
In order to build out its pizza empire, Allison said Domino's must provide consistent service to customers and offer the cheapest delivery. The goal is to reduce a 9-minute drive to just 5 or 6 minutes, which he said would mean a pie is delivered less than 25 minutes after ordering.
"The more runs that we get per hour — it just improves the economics of each of those delivery orders because in some of the high-wage labor markets today it's really difficult to take $20 worth of food 9 minutes away form your location and make money on that order," Allison said. "We have to bring these territories down tighter to accomplish our objectives and to protect ourselves against this new emerging set of competitors."
Shares of Domino's closed the session up nearly 5%. The stock is up more than 22% over the past 12 months.