Venture capital-backed delivery services, such as UberEats and Postmates, that offer users discounts have cut into Domino's own delivery orders, which led the franchise to reduce its long-term sales guidance after missing earnings and revenue estimates in its fiscal third-quarter report.
Domino's, which handles its own delivery, is facing competition from the growing number of restaurants that can outsource delivery on the app-based services. "We do think there's some irrational pricing out there in the [delivery] marketplace right now funded by venture capital," Allison told Cramer in a one-on-one interview. "We don't know how long that'll last, but as we look out over the next two to three years, at the revised guidance that we've given, we've got a terrific business model."A trader works on the floor of the New York Stock Exchange.
Cramer is a con man
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Source: CNBC - 🏆 12. / 72 Read more »