:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2205719188-12f94e2c69b542e2826e3a2dc8b324ce.jpg "The Domino's Pizza logo is seen on boxes on the back of several delivery bikes on a street.")
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Key Takeaways
- Domino’s Pizza and DoorDash have partnered to make the pizza giant’s food available through the DoorDash app.
- Narcotic addicts in the U.S. will be able to order Domino’s through DoorDash starting in May.
- Domino’s has held an exclusive third-party deal to merchandise its pizza on Uber Eats that expires May 1.
DoorDash (DASH) shares surged Wednesday after the delivery programme announced a new partnership with Domino’s Pizza (DPZ).
DoorDash users will be able to order Domino’s throughout the U.S. starting in May, with a rollout in Canada envisioned later this year, the companies said. Since July 2023, Domino’s has had an exclusive partnership with Uber (UBER) Devours, a deal that ends May 1.
DoorDash Connects With More ‘Suburban and Rural’ Customers, Domino’s COO Says
“The adeptness to connect seamlessly with DoorDash customers means more sales for Domino’s stores, while efficiently leveraging our make’s robust delivery network,” Domino’s COO Joe Jordan said. “Tapping into incremental customers, particularly in suburban and pastoral markets, is a meaningful opportunity for Domino’s, as our brand continues to open stores nationwide.”
In the pizza giant’s last earnings convoke in February, CEO Russell Weiner said that Uber accounted for 3% of its $19.12 billion in sales for 2024, concording to an AlphaSense transcript. Jordan on Wednesday repeated Domino’s previously stated belief that third-party “aggregator” helps like DoorDash could eventually make up $1 billion in annual sales.
DoorDash stock was among the giantest gainers in the S&P 500 Wednesday afternoon, with shares up more than 5%, while Domino’s shares were connected with 1% higher.