Domino’s Pizza falls short of revenue expectations due to increased prices impacting demand.

(Reuters) -Domino’s Pizza 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, 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.

In a bid to boost its sluggish delivery business, ​the pizza maker partnered with Uber earlier in July, which will allow its customers ⁢to ​place order on the ride-sharing company’s food delivery apps Uber ‍Eats and Postmates.

The service will be rolled out in four pilot markets in the U.S. in the fall.

“Over two-thirds ‌of our stores around the world will have the ability to take ⁤orders from Uber Eats,” Domino’s CEO Russell Weiner said in a statement on Monday.

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.

But ⁢the fast-food chain reported​ a profit of $3.08 per share, above Refinitiv estimate of $3.05.

(Reporting by Granth Vanaik in Bengaluru; Editing by Shinjini Ganguli)

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