Before the market open Thursday, Domino's reported first-quarter earnings that beat expectations on both earnings per share and revenue. The results showed a 14.5% increase in domestic comparable-store sales. Other takeaways from the quarter included strong sales in India and Turkey and a 30 million-share repurchase program.
Doyle attributed Domino's strong quarter to solid fundamentals including quality food, superior technology, and a strong consumer helped by increased employment. He added Domino's continues to take share from smaller competitors as it grows.
Cramer pointed out on the show that Domino's has "the best mobile and online technology in the business" and called it "the gift that keeps on giving."
Doyle also said "Dom," the company's virtual ordering assistant, positions Domino's as a technology leader and has strengthened brand recognition. The CEO said he believes the stock has room to go even higher.
After speaking with Doyle, Cramer reiterated his feelings on the stock.
"[Doyle] said there's a lot more room. Who am I to disagree? He's been dead right for 1000%," Cramer said. "I like Domino's Pizza. I like Pat Doyle."
Separately, TheStreet Ratings team rates DOMINO'S PIZZA INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DOMINO'S PIZZA INC (DPZ) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
You can view the full analysis from the report here: DPZ Ratings Report