Domino's Pizza's (DPZ) CEO Figured Out How To Compete With Prices, Says Jim Cramer

We recently published Jim Cramer Talked About These 8 Stocks & The Quantum Computing Dip. Domino’s Pizza, Inc. (NASDAQ:DPZ) is one of the stocks Jim Cramer recently discussed.

When commenting on Domino’s Pizza, Inc. (NASDAQ:DPZ), Cramer mentioned a key metric that he’s been using to evaluate US restaurants. Over several appearances, he has pointed out that consumers have been unwilling to pay more than $10 for a meal. In this episode, he commented on how Domino’s Pizza, Inc. (NASDAQ:DPZ) is doing well on this front:

“Look I think that Russell Weiner’s doing a fantastic job, the CEO. Doesn’t get a lot of credit for what he’s doing. Maybe that can change with a much better than expected quarter. Four dollars and eight cents versus 3.95. What I really like about this David is that Russell’s figured out. . .that you need to have. . an offering that’s got to be less than ten bucks in this country if you’re going to be able to do well for dinner. And he’s got this best ever deal at ten bucks, I’ve had it and it’s really fantastic. I mean Domino’s to me is amazing because I’ve got one near me so it comes in about thirty seconds.

“But the idea that America can’t afford more than ten dollar a pizza is what is really in sync with what I’m hearing about you can’t afford more than a ten dollar hamburger. Not more than a ten dollar dinner like they do at Brinker. So David, this is the have, have not thing. And you and I both know it’s true. There’s a part of the country that cannot afford a 12 dollar pizza. And it cannot afford a 12 dollar steak. And we tend to forget that. When we’re doing all this stuff about what’s going on with crypto or OpenAI, we forget that there’s another whole part of the country where the inequalities are just not going away.”

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Disclosure: None. This article is originally published at Insider Monkey.