July 24 (Reuters) - Domino's Pizza (DPZ.N) missed Wall Street estimates for second-quarter revenue on Monday, as elevated delivery fees and higher prices to boost margins hurt demand for its pizzas and chicken wings.
Shares of the world's largest pizza chain dropped 4% in premarket trading as Domino's said it saw lower order volumes during the quarter.
Higher labor and raw material costs have forced restaurant chains, even the biggest names including McDonald's (MCD.N), to jack up menu prices and delivery fees, which hurt cost-conscious consumers whose budgets are already squeezed by sticky inflation.
Domino's U.S. same-store sales rose 0.1% in the second quarter, compared with analysts' estimates of an about 0.2% increase.
Domino's total revenue fell 3.8% to $1.02 billion in the three months ended June 18, compared with analysts' estimate of $1.07 billion, according to Refinitiv IBES data.
Persons:
Domino's, Uber, Russell Weiner, Granth, Shinjini
Organizations:
Uber, Thomson
Locations:
U.S, Bengaluru