Domino's Pizza warns of challenging delivery business, shares fall

📆 08/02/1402 12:31 ق.ظ

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Domino's Pizza Inc on Thursday warned of a slowdown in its delivery business as consumers opt to cook at home instead of ordering in, sending shares of the company down 6% and taking the shine off the better-than-expected first-quarter results.

📆 08/02/1402 12:31 ق.ظ
📰 Reuters

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have seen prices of cheese and meat as well as fuel and labor increase. Domino's in an attempt to protect its margins has raised prices on menu items and increased delivery charges.

Domino's Finance Chief Sandeep Reddy said on an earnings call that carry-out business was strong, with new menu item "Loaded Tots" seeing higher sales.

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