Domino's stock jumps 10% as pizza chain partners with Uber for food orders

Domino's Pizza connected Wednesday said it had entered into a caller statement with Uber that volition let customers to bid Domino's products done Uber's nutrient transportation apps.

Shares of the pizza shaper were up 7% successful premarket trading, portion Uber was up 2%.

The institution said the statement allows U.S. customers to bid Domino's products done Uber Eats and Postmates apps with Domino's and its franchisees handling the delivery.

Domino's has been raising prices connected paper items and expanding transportation charges successful a bid to shield margins from precocious input costs.

In April, the world's largest pizza concatenation warned of a slowdown successful its transportation concern arsenic customers turned towards cooking cheaper meals astatine location amid a sticky outgo of surviving crisis.