Domino’s Plunges Most on Record as Customers Shun Price Hikes (Bloomberg) — Shares of Domino’s Pizza Enterprises Ltd. plummeted the most on record in Sydney after the pizza chain operator said its first-half earnings fell as customers spurned price increases meant to offset inflationary pressures. The stock tanked 24% on Wednesday after the Australia-based company …
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The term “discretionary spending” usually refers to lifestyle “wants” — non-essential pursuits like hobbies, travel and luxury spending. Conversely, non-discretionary “needs” items such as rent, groceries, gas and bills, plus mortgage, car and credit card debt, insurance and healthcare are day-to-day mandatory expenses. Due largely to the pandemic in 2020, the convenience of ordering food from home …
DoorDash Inc said on Wednesday it was cutting about 1,250 jobs, or 6% of its total workforce, as the food-delivery company looks to keep a lid on costs to cope with a slowdown in demand.DoorDash, went on a hiring spree to cater to a flood of orders from people stuck at home during the height …
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Popular food delivery service Uber Eats has announced a 5% fee increase on per kilometer rate for deliver people across the country. Before you worry about your pocket, the additional cost increase will have no impact on customers and merchants. Uber Eats says the increase together with the 10% increase that was implemented in April …
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Orders for delivery of takeout food via mobile app have reportedly slipped as restaurants have raised prices and some delivery companies have boosted their fees in an inflationary environment. Higher prices have added to the pressures delivery companies were already facing as the pandemic-driven lockdowns — which drove orders for home delivery of prepared food …
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Dive Brief: Gopuff is increasing the monthly fee for its Fam delivery subscription program for the first time since the program’s inception in 2018, according to an emailed announcement Tuesday. The monthly payments will go from $5.95 to $7.99. The increased fee will begin on subscribers’ next renewal dates, meaning the kick-in date will be different …
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Grubhub prices are going up, and the amount of dining dollars students receive is decreasing. COVID-19 has had many impacts on the price of food, including on a college campus. Students were unaware about the incoming increase in food costs until they showed up on the first day of the fall semester. Since last year, …
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Domino’s U.S. carryout business increased same-store sales by 19.6% in Q3 2022 compared to the year-ago period, CFO Sandeep Reddy said Thursday during the company’s earnings call. Compared to Q3 2019, comparable carryout sales were up 35%. Carryout sales grew 14.6% year-over-year during Domino’s second quarter, and 33% on a three-year basis. The pizza chain’s same-store sales are …
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AMSTERDAM/NEW YORK — When food delivery service Grubhub struck a deal with Amazon earlier this month, offering Prime customers a year’s free delivery, shares in rivals slumped. Get ready for rates to rise ‘very, very quickly:’ Benjamin Tal The deal, a lifeline for Grubhub that will increase pressure on its competitors, was the latest example …
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While Uber’s behavior under former CEO Travis Kalanick and the company’s close links to politicians have captivated the media, rideshare drivers have more pressing concerns. Inflation has squeezed their margins and prompted some customers to reconsider their spending habits. “Most drivers are not even aware of Uber’s day-to-day news, they just grind and try to put food on their …
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