Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
For his "Executive Decision" segment, Cramer sat down with Patrick Doyle and Richard Allison, the outgoing and incoming CEOs of Domino's Pizza (DPZ) - Get Report , which just posted a 23-cents-a-share earnings beat on a 26% increase in revenues and domestic same-store sales that topped 8.3%. Share rallied 7.3% by the close Thursday.
Allison said he's got big shoes to fill, but Domino's still has a lot of runway ahead to make more technical innovations. This quarter, Dominos' introduced hotspots, 200,000 locations like parks and sporting events where you can now have pizza delivered to. The company also continues to make stride with Dom, their AI-powered order taking assistant.
Doyle said that Domino's is never scared to experiment, and started early with things like online ordering, which is why they now have the competitive advantage and a better customer experience. It's all about doing what's right for the business, he said.
When asked about their market share, Allison said that only one out of six pizzas in the U.S. is Domino's, which leaves plenty of room to gain share in a very fragmented market.
Finally, Doyle said he's most proud of his company's franchisees, 90% of which started out as hourly employees and worked their way up to becoming entrepreneurs.
Illinois Tools Works (ITW) - Get Report shares fell after the company's earnings report, but Cramer and the AAP team see it as an opportunity to buy more shares. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
Over on Real Money, Cramer says just because rates on the 10-year are back below 3% doesn't mean that's what's driving the rally. Get more of his insights with a free trial subscription to Real Money.
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At the time of publication, Cramer's Action Alerts PLUS had a position in ITW.