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Besides US same store sales up 4% in the second quarter and the -- get this is set to open a hundred new restaurants.
This year alone so the question is what's behind the growth strategy -- joining us for a fox.
Business exclusive interview this god -- That's where he is CEO -- Pizza -- US Scott thank you for being here how unearthing you opening a hundred new stores in such a tough economy.
You don't you know -- -- we really worked on the economics actually that's how we're doing it you know if you went back three years ago we were growing any stores and we said what's wrong.
You know we we actually talked for their franchisees and then got the economic straight lowered the cost a store today that are franchisee builds it's gonna cost about half.
Of what it cost three years ago so the returns are higher the profits are higher and you know how how money is people are heading for the money.
-- -- -- -- the deal still in your offering tons of them but in the midst of the ten dollar dinners and all that kinda stuff.
How do you fight that -- police people are coming down on you know eating healthy and -- -- would she's in the -- Would be no and a lot of for Ashley's birthday would be perfect right out of that came to high more supposed to be healthy.
Well I you know back and an American.
Defend pizza you know everybody loves pizza and Americans -- great American -- so.
And I do think the people to take special occasions with products like ours.
But you know with products like ours you can always get a balanced option you know you can order the pizza anywhere you want it so.
You know if you wanna live less cheese if you wanted lighter you can do that the you can get a real balance mile -- but very honestly.
America loves pizza and specifically America was Pizza Hut pizza that's why we're Rawls.
Ores and Scott you know pizzeria slide you'll also get into the same -- business you're taking aim at -- way how successful has that -- Serious -- that's the result low all it you know in this one of the reasons.
That are same store sales have been really strong the last couple years we've had three great years running at Pizza Hut.
Of growth and it really is about.
Providing that which people watch in the case of the solo was going after -- part where we didn't have a lot of products it was going after launch now -- -- you know basically -- ourselves against the leaders of pretty easy tentative.
Let's quickly talk about commodity cost has really and we're talking about she's we're talking about we all the stuff that goes in your product is on its way -- Yeah you know -- on the commodities side.
Here's what we do we're we're about 50% hedged and are buying we -- very sophisticated buying strategy so.
We never get quite as high as the market we never get quite as low as the opportunity in the market.
And in by hedging that much were able to actually keep our retail prices down that's why.
Ten dollar -- which is our great deal and obviously you think the food cost would be higher on that it is.
Because we -- we're basically giving people what they want at a pretty low price.
That's going on the arrogance Sunday in spite of the fact commodities look like Iran allege work and work we're very hedged.
-- rights are right.
Scott let them rather grim with -- -- US CEO thank you so much for joining us and you seemed to -- -- my pleasure is great for.
Did you combine that she client basis you have -- ago.
Yeah I have -- that this Sunday everybody -- the bank bailouts -- for secret they have our instead it should make way and then they're short and.