Uber Eats Announces Exclusive Delivery Partnership With Domino's In Canada
Portfolio Pulse from Benzinga Newsdesk
Uber Eats (NYSE:UBER) has entered into an exclusive delivery partnership with Domino's Pizza in Canada, making Domino's available on the Uber Eats app across Ontario with plans to expand to all Canadian locations within four weeks. This partnership, part of a global agreement announced in summer 2023, allows customers to order from more than 260 Domino's locations via Uber Eats, with deliveries carried out by Domino's own delivery experts. The collaboration aims to leverage the technological and innovative strengths of both companies, offering customers convenience and exceptional service, while also enabling Domino's to reach new customers and enhance its delivery business through data insights.
April 30, 2024 | 2:04 pm
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Uber Eats' exclusive partnership with Domino's in Canada could significantly boost its market presence and user base in the Canadian food delivery sector by adding a popular and widely recognized brand like Domino's to its platform.
The partnership with Domino's, a leading pizza brand, is likely to attract new customers to Uber Eats, increase order volumes, and enhance customer loyalty. Given the scale and popularity of Domino's, this collaboration could have a positive short-term impact on Uber's stock by potentially increasing revenue and market share in the competitive food delivery industry.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90