Domino’s Pizza earnings surpassed analyst estimates in its second quarter results last week (24 July), as its deal with Uber was heralded as positive move by commentators.
The firm recorded a stock price rise of 18.9% year-to-date, according to data from MarketWatch, and experienced an 11.1% jump in the week the deal was announced. The pizza firm collaborated with Uber to be included on the Uber Eats and Postmates platforms this month, which Garry White, chief investment commentator at Charles Stanley, called a "further move into the digital economy". Stock Spotlight: Oxford Nanopore to 'soar to heady heights' despite 'discount to US counterparts' Its current delivery business, described by White as "sluggish", saw a slowdown in April, but he said th...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
