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

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Franchisee Tom Peterson demonstrates a new Domino’s Pizza Inc. app, part of their digital ordering system, at a Domino’s “pizza theater” location in Jersey City, New Jersey.
Craig Warga | Bloomberg | Getty Images

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Shares of the pizza maker were up 7% in premarket trading, while Uber was up 2%.

The company said the agreement allows U.S. customers to order Domino’s products through Uber Eats and Postmates apps with Domino’s and its franchisees handling the delivery.

Domino’s has been raising prices on menu items and increasing delivery charges in a bid to shield margins from high input costs.

In April, the world’s largest pizza chain warned of a slowdown in its delivery business as customers turned towards cooking cheaper meals at home amid a sticky cost of living crisis.

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