Tue, 17 September 2013
When most people think of hanging out with family and friends it tends to involve one of my favorite subjects -- food. According to The Bureau of Economic Analysis, on average the U.S. consumer spends $6,129 or 9.81% of their paychecks on food each year. That makes the food industry, which includes eating at home and eating out, a big big business.
Joining me to talk about the success as well as the challenges that Domino’s Pizza (DPZ) faces is Lynn Liddle, Executive Vice President, Communications, Legislative Affairs and Investor Relations at Domino’s. Lynn’s been with the company since 2002 and has seen the good, the bad and the ugly along the way.
Like any business, the food industry has its ups and downs -- new products and better service to tighter consumer spending and cut throat competition to rising input costs and potential regulations. Despite those and other challenges, people need to eat, which means balancing demand with consumer tastes that sometimes shift based on the diet trend du jour.
With $1.6-$1.7 billion in annual revenues and more than 9,700 company owned and franchised locations, it’s a player in pizza and more. Lynn and I talk about all of that as well as break down the company’s key cost items and discuss some potential regulation that is winding its way through Washington, D.C. that could take a bite out of small businesses. You’ll even learn what the number one pizza toppings are in Japan and India. Here’s a hint, they aren’t what you think they might be.