Can This Stock Hold Out Against Its Competition Forever?
Food delivery has been gaining steady popularity worldwide. That is, until the pandemic, when it exploded to mass adoption as dining in restaurants was restricted by governments.
That has been bad news for Domino's (NYSE: DPZ). For decades, consumers had few choices when they wanted meals delivered to their homes. With the rise of businesses like DoorDash (NYSE: DASH) and Uber Eats (NYSE: UBER), folks can order a substantially more comprehensive array of restaurant meals for delivery.
The rise of competing services is already giving Domino's difficulties. While many restaurants have contracted with third-party food delivery services, Domino's has chosen not to do so. Let's consider that decision and its implications for Domino's.
Source Fool.com
