Domino's shares soar after striking a surprise deal | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Business News News

Business Business Latest News,Business Business Headlines

Domino’s Pizza has long been a holdout of using third-party delivery apps in the United States. But now, the pizza chain has struck a deal with one of the world’s largest food delivery services.

Customers can soon order Domino’s full menu on Uber Eats and Postmates, with a partnership announced Monday that is scheduled to roll out nationwide by the end of the year. It’s a major change for the world’s biggest pizza company, which had previously required customers to order directly from them — and was so anti-delivery-app that the chain even ran a PR stunt highlighting the apps’ delivery fees. Shares of Domino’s\n \n soared more than 10% on the news in early trading.

And in 2021 Domino’s even gave away $50 million in free food to counter the “surprise fees” from delivery apps. “Other food delivery apps charge customers with hidden city or service fees,” the company said at the time. “Not Domino’s. We charge customers one straightforward delivery fee because we believe that level of transparency is what customers want and deserve.” Specific financial details of the Uber Eats deal, including how much of a fee Uber is taking, weren’t disclosed.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The oldest craft brewery in the United States is shutting down after 127 years | CNN BusinessPour one out for Anchor Brewing: America’s oldest craft brewer is shutting down after 127 years in business.
Source: CNN - 🏆 4. / 95 Read more »