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Domino’s stock jumps 10% as pizza chain partners with Uber for food orders – UnlistedNews

Franchisee Tom Peterson demonstrates a new Domino’s Pizza Inc. app, part of its digital ordering system, at a Domino’s “pizza theater” location in Jersey City, New Jersey.

Craig Warga | Mayor Bloomberg | fake images

Dominos Pizza said on Wednesday that it had signed a new agreement with Uber that will allow customers to order Domino products through uberFood delivery apps from .

Shares of the pizza maker were up 7% in premarket trading, while Uber was up 2%.

The company said the deal allows U.S. customers to order Domino’s products through the Uber Eats and Postmates apps with Domino’s and its franchisees handling delivery.

Domino’s has been raising prices for menu items and increasing delivery charges in an attempt to protect margins from high input costs.

In April, the world’s largest pizza chain warned of a slowdown in its delivery business, as customers turned to cooking cheaper meals at home amid a cost-of-living crisis.


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Sara Marcushttps://unlistednews.com
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