0 Dan Smith Posted July 17, 2019 Author Share Posted July 17, 2019 Quote Link to comment Share on other sites More sharing options...
0 Sam Rondon Posted July 18, 2019 Share Posted July 18, 2019 Domino’s Pizza (NYSE: DPZ) have said that heavy discounts and other deals from third-party delivery services such as DoorDash, Uber Eats and Grubhub are hurting the company’s sales and growth. The American pizza giant has its own drivers and doesn’t collaborate with other delivery services, which usually offer very convenient deals for its customers and deliver all kinds of food. For example, Uber Eats often delivers McDonald’s orders free of charge. "We expect that behaviour to continue for some period of time," said Domino’s chief executive Ritch Allison. "While the economics of the business is still open to question for the long term, the near-term activity indicates investors are willing to lose a lot of money in the short term to drive market share." Domino’s Pizza’s domestic same-store sales advanced 3%, missing the analysts’ estimates of 4.8%, partially blaming it on the third-party services that deliver pizza from rivals such as Pizza Hut and Papa John’s. Quote Link to comment Share on other sites More sharing options...
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