Domino's Pizza CEO Russell Weiner goes one-on-one with Jim Cramer

Jim, thanks so much for having me.

Jim, you're right on consistency. I started in marketing in 2010, we launched the new pizza and you called it at $10 bucks. That worked well because my kids love Domino's and the no-cheese button for vegetarians. We've been very consistent. But the DPE thing was a surprise. Our job is to provide only positive surprises, and we missed there. We had to take guidance down from 175 to 275. That's not tens of millions, it's smaller. But for perspective, 40 to 50% of our international growth comes from China and India; China increased store growth targets to 350 a year, and India runs 5,500 stores a year. In over 90 markets, you'll have fits and starts, but other markets round things out. On the US business, we had 4.8% positive same-store sales, and the quality is from increased traffic, not price increases. We price for profit for franchisees, which means driving the top line and great value for customers. Our value has never been better. Regarding DPE, they announced the day before; our process is to budget together and we said something as soon as we knew. Now, on New York style: it's innovation with intent. We launch two products a year with our 'Hungry for More' strategy: more sales, more stores, more profit. It comprises most delicious food, operational excellence (10% better than two years ago), renowned value, and best-in-class franchises. Some people want a thinner crust, so we introduced New York style to bring incremental eaters. On value, 'You Tip We Tip' is a $3 bounceback. We changed the messaging to highlight that it's a no-tip deal, and it's driving customer satisfaction. We see value as an equation: price denominator, benefits numerator. You can use our national promotions on any item, including sandwiches and desserts. Our loyalty program has over 30 million members, and we're updating it to increase frequency from light and core users. It's really working well.