UBER - Uber Technologies, Inc.

NYSE - NYSE Delayed Price. Currency in USD
43.62
-0.51 (-1.16%)
At close: 4:00PM EDT

43.55 -0.07 (-0.16%)
After hours: 7:59PM EDT

Stock chart is not supported by your current browser
Previous Close44.13
Open44.06
Bid43.51 x 1100
Ask43.59 x 1800
Day's Range43.52 - 44.35
52 Week Range36.08 - 47.08
Volume5,479,844
Avg. Volume19,492,006
Market Cap73.96B
Beta (3Y Monthly)N/A
PE Ratio (TTM)2,423.33
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Uber addresses workplace harassment
    Yahoo Finance Video8 hours ago

    Uber addresses workplace harassment

    Uber is taking a stance  to prevent sexual harassment.  According to CNN, the ride-sharing company is partnering with nonprofit organization, the Purple Campaign, whose mission is to end sexual harassment in the workplace by implementing stronger corporate policies.  Uber, along with other well known companies like Expedia, Amazon and AirBnb will share information with the nonprofit about its internal policies and training efforts, ultimately looking to internally address and prevent sexual harassment. 

  • Is Facebook a Bank? Congress Pushes for Answers on Crypto Foray
    Bloomberg1 hour ago

    Is Facebook a Bank? Congress Pushes for Answers on Crypto Foray

    (Bloomberg) -- After surviving a two-day battering on Capitol Hill, now comes the hard part for Facebook Inc.: turning its 12-page white paper into a legitimate cryptocurrency in the face of deep skepticism from central banks, regulators and politicians of all stripes.David Marcus, the Facebook executive leading its blockchain efforts, spent much of his time at congressional hearings this week apologizing for the past mistakes of his employer. When he wasn’t defending Facebook, Marcus tried to explain how Libra -- the proposed currency -- would actually work. He said repeatedly that he wants to work with Congress and regulators to get Libra off the ground, and has no plans to debut the new currency before regulatory bodies are satisfied.“Nothing is launched and nothing will launch until all concerns are addressed,” Marcus said Wednesday. He reiterated a version of that promise over and over during more than six hours of testimony in Washington this week before members of the House Financial Services Committee and the Senate Banking Committee.Still, large existential questions remain about the project, including who or what will be regulating Libra. Marcus said it was not his place to decide who Libra’s regulator would be, though he appeared to reject the idea that Facebook should be treated like a bank. Marcus denied that the company would offer banking services, and also argued that he doesn’t believe Libra is a security that should fall under the Securities and Exchange Commission.Those issues are unlikely to be resolved soon, since the Libra currency doesn’t yet exist; and the Libra Association, the governing body made up of Facebook and other institutional partners that will be charged with overseeing the currency, has yet to be fully formed.The 28 companies that currently make up the association have not yet drafted a charter, and still must appoint a board and a general manager. Libra will also face additional concerns from international regulators and lawmakers, which could further delay its progress.In the meantime, two people familiar with Facebook’s cryptocurrency plans say the hearings did not give the company any immediate reason to change course.The people, who asked not to be identified because the planning is private, also said that Facebook’s team hoped that other members of the Libra Association would be more active in conversations with the media and with regulators. Of the group’s 28 “founding” members, including PayPal Holdings Inc., Visa Inc. and Uber Technologies Inc., Facebook is the only one that testified before Congress, and is by far the company most closely associated with the effort.Over the course of the hearings, a few central questions emerged. Here’s what we know now about how Facebook and the Libra Association will try to answer them in the coming months.1\. What is Libra, exactly?The coin’s legal classification remains murky, which could pose challenges for federal watchdogs eager to slide the token into the U.S.’s existing regulatory regime.Some observers have argued that Libra resembles a mutual fund or exchange-traded fund that is based on an index, an investment that would be regulated by the SEC. Labeling Libra a similar product could provide policy makers the hook they need to police the coin, while also giving regulators a mechanism to slow the project down as Facebook goes through a lengthy SEC approval process.At Wednesday’s hearing, Marcus insisted the coin is a just “payment tool” or maybe a commodity that shouldn’t be subject to the SEC’s rules.2\. Is Facebook getting into banking?Marcus went to great lengths in his Senate and House testimony to insist that the company was not. There won’t be bank accounts; holders of Libra won’t be earning interest; and Facebook won’t be taking deposits, he told lawmakers.“It’s like digital cash,” Marcus said. One reason Facebook wants to stay away from these activities is that they would require a federal banking charter. That would open the company up to much stricter oversight, likely by the Office of the Comptroller of the Currency and the Federal Reserve. The company would face many new, costly regulatory requirements like capital standards and stepped-up disclosures. It would also be subject to monitoring by government examiners.3\. Why is the Libra Association headquartered in Switzerland?This was a very popular question from members of both the House and Senate. Lawmakers raised concerns that Facebook set up the Libra Association in Switzerland to avoid U.S. regulations. Marcus said that was not the case, and said that the location of Libra’s headquarters had “nothing to do with us evading our responsibilities.”Marcus said that Switzerland offered Libra an “international platform” so that it would be recognized globally, and noted that Switzerland is home to other global institutions, like the World Trade Organization.4\. How will Facebook make money from this?In the short term, Marcus says Libra will improve Facebook’s advertising business by increasing the amount of commerce that happens through Facebook’s products. If more people have digital wallets, they may be more likely to make purchases through Facebook or its other properties, like Instagram or Messenger. That, Marcus says, makes Facebook’s ads more valuable because it gives marketers more incentive to reach users with money at their disposal.Marcus also said that it’s possible Facebook could one day offer financial services, including, potentially, loans, but that those products would be done through partnerships with an existing bank, allowing the company to avoid opening a bank of its own.5\. What, if anything, can Congress actually do to stop Libra?While both chambers of Congress are clearly concerned, whether or not they will pass any legislation that would affect the project is less clear. House Financial Services Committee Chairwoman Maxine Waters, a California Democrat, discussed a bill that would bar large tech platforms from being financial institutions -- possibly blocking Libra -- though it’s unclear how much support such a proposal would garner.Other lawmakers discussed creating a regulator just for digital currencies or using broader data privacy legislation to address Libra. But so far, there’s no consensus on a resolution. As Congress nears its August recess, it’s unlikely any of those issues will be addressed quickly.\--With assistance from Austin Weinstein, Ben Bain and Robert Schmidt.To contact the reporters on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.net;Julie Verhage in New York at jverhage2@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Anne VanderMey, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Uber a Buy?
    Motley Fool5 hours ago

    Is Uber a Buy?

    The leading ride-hailing service is a broken IPO, but you can't get in the way of a moving car when it's heading in the right direction.

  • TheStreet.com6 hours ago

    Jim Cramer: Big Tech in Washington Will Mean an EPS Hit

    Which is real? And which is really real, I mean, earnings-per-share real? When Big Tech goes to Washington, you have to worry about what's headline risk and what's EPS risk -- and the gulf between the two is huge.

  • California AB-5 Vote Is Bad News for Uber and Lyft Stock
    InvestorPlace7 hours ago

    California AB-5 Vote Is Bad News for Uber and Lyft Stock

    Uber (NYSE:UBER) stock and Lyft (NASDAQ:LYFT) stock are off to bumpy starts to life on the market. A critical vote in California could soon make life much more difficult for the ridesharing stocks, particularly Lyft.Source: Shutterstock The biggest criticism of Lyft stock has been that the company hasn't proven a path to profitability. If Lyft has to start providing its drivers with costly benefits, that path to profitability will get much longer and narrower. What Is Assembly Bill 5?Throughout their existence, Uber and Lyft have classified their drivers as independent contractors rather than employees. By doing so, those drivers are not entitled to benefits or other perks associated with full-time employment. That classification allows companies like Lyft to save a bundle on costs, which is good news for Lyft stock price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn 2019, the California state Supreme Court made a ruling known as the Dynamex decision. The Dynamex decision dictates a three-pronged ABC test for determining whether or not a worker is an independent contractor:* The employee must be free to operate free from control of its employer.* The employee must fall outside of the typical scope of the company's hiring.* The worker must have an independent business outside of the job he or she was hired to do. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip This ABC test is included in AB-5, a new bill that is currently passing through the legislative process in California. Lawmakers in both state houses have until Sept. 13 to vote on the bill. Uber and Lyft Aren't HappyInvestors don't need to dig too deeply to see what impact AB-5 may have on Uber and LYFT stock. Uber and Lyft reportedly paid drivers up to $100 to protest the bill outside the state capitol.The companies also published an op-ed in the San Francisco Chronicle making the case against AB-5. Some Uber and Lyft drivers have said the companies even misled them into signing petitions in protest of AB-5. The drivers received in-app messages asking them to sign a petition to help their companies "fight for driver flexibility and independence." The messages did not mention AB-5 by name.The fact that Uber and Lyft are fighting AB-5 so hard is a clear sign the law would be bad news for business. California has also historically been a leader in progressive movements that ultimately sweep nationwide. In other words, the damage for UBER and LYFT stock may not be contained in California. Biggest Risk for Lyft Stock PriceWedbush analyst Daniel Ives says AB-5 could put Uber and Lyft on the hook for a wide range of new costs. These costs include vehicle maintenance, gas, and insurance. In addition, workers would be protected under U.S. labor laws. The companies would be responsible for payroll taxes, social security, unemployment insurance taxes and state employment taxes.AB-5 would be bad news for both companies, but its a bigger risk to Lyft. Wedbush estimates California represents about 17% of Uber's total business. For Lyft, California is 24% of all U.S. sales.Ives says if AB-5 passes, Uber and Lyft are likely to challenge it in court. That process could be long and expensive as well, and it wouldn't guarantee a victory.Investors and analysts have been digging into Uber and Lyft's cash flow, growth rates, and revenue per active rider. Ives says they should also be paying close attention to AB-5."This senate decision is a microcosm of possibly the largest risk in the ride-sharing industry and a situation we will be closely watching over the coming months," he says.I have been very critical of the two ridesharing IPOs all year, particularly Lyft stock. AB-5 is just one of a handful of reasons investors should stay on the sidelines at this point.Even if you are a Lyft stock bull, your thesis likely revolves around what the company will grow to become five or 10 years down the line. It's unlikely the picture for Lyft will change dramatically in the next nine-to-12 months. By waiting a little while before buying, investors can get some much-needed clarity on AB-5 and on Lyft's financial trajectory going forward.As of this writing, Wayne Duggan did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post California AB-5 Vote Is Bad News for Uber and Lyft Stock appeared first on InvestorPlace.

  • Is Uber Stock A Buy Right Now? Here's What Earnings, Charts Show
    Investor's Business Daily8 hours ago

    Is Uber Stock A Buy Right Now? Here's What Earnings, Charts Show

    Uber Technologies is trying to break out past a potential buy point in the current stock market rally, but is it a buy?

  • By the numbers: More companies are lobbying Jones Street in 2019
    American City Business Journals9 hours ago

    By the numbers: More companies are lobbying Jones Street in 2019

    More companies appear to be aiming lobbyists at the North Carolina General Assembly in 2019. The latest figures out of the North Carolina Secretary of State’s office show 1,062 entities - from companies to municipalities - have registered lobbyists working on behalf of their agendas on Jones Street. None of those companies registered lobbyists in the state a year ago, yet, in the latest report, Bird, Lime, Lyft and Airbnb all have representation in the registry.

  • MarketWatch10 hours ago

    Uber Eats and other third-party delivery services take a bite out of Domino's Pizza

    Domino's Pizza Inc. Chief Executive Richard Allison said third-party delivery services like DoorDash and Uber Eats were a challenge during the second-quarter, and they aren't going away. "Our same-store sales performance for the quarter came in toward the lower end of our three-to-five-year outlook as we continue to navigate through headwinds related to aggressive activity from third-party aggregators," he said, according to a FactSet transcript. "I do not expect this activity to ease in the near term." Domino's reported a second-quarter revenue miss and same-store sales growth that missed expectations. "Domino's Pizza remains on the 'Biggest Concerns List' from CFRA Forensic Research Services, partly on sales and profit margin pressures and reduced operating leverage," wrote CFRA's Tuna Amobi in a note. CFRA maintained its hold opinion on Domino's stock but cut its price target to $270 from $290. BTIG remains bullish. "We maintain our buy rating on shares of Domino's Pizza following earnings as we believe the retail sales and market share gains the concept is generating will ultimately translate into a higher stock price," wrote analysts led by Peter Saleh. "While disappointed with domestic same-store sales results this quarter, new unit and retail sales growth remains healthy and we believe the stock's decline is more a function of elevated expectations rather than inflated valuation." BTIG cut its price target to $325 from $335. Domino's Pizza shares closed Tuesday down 8.7%, but are nearly unchanged in Wednesday trading. The stock has fallen 12.5% over the last year while the S&P 500 index has gained 6.6% for the period.

  • Breakout Stocks & Technical Analysis
    Investor's Business Daily10 hours ago

    Breakout Stocks & Technical Analysis

    Get alerts to potential breakout stocks, along with technical analysis of the stock charts to see the best time to buy and what telltale signs to look for.

  • Proposed IPO tax to get yanked from November ballot
    American City Business Journals10 hours ago

    Proposed IPO tax to get yanked from November ballot

    San Francisco Board of Supervisor Gordon Mar will instead make another run at his proposed IPO tax for the 2020 ballot.

  • Australian watchdog says Uber Eats will amend 'unfair' contract terms
    Reuters23 hours ago

    Australian watchdog says Uber Eats will amend 'unfair' contract terms

    "We consider these (current) terms to be unfair because they appear to cause a significant imbalance between restaurants and Uber Eats," the Australian Competition and Consumer Commission (ACCC) Chairman Rod Sims said on Wednesday. The ACCC said Uber Eats will amend terms to clarify that restaurants will only be responsible for matters within their control such as incorrect orders. The firm also agreed to remove from contracts references to it not providing logistics services, said the ACCC, which called the detail "misleading" considering Uber Eats provides drivers, location tracking and other information to deliver meals.

  • When Are Losses Worth It? How to Invest in High-Growth, Money-Losing Companies
    Motley Fool23 hours ago

    When Are Losses Worth It? How to Invest in High-Growth, Money-Losing Companies

    It’s all about the future, and much less the here and now.

  • Lovin' it: DoorDash deals blow to Uber Eats with new McDonald's deal
    American City Business Journalsyesterday

    Lovin' it: DoorDash deals blow to Uber Eats with new McDonald's deal

    The rideshare's restaurant delivery arm had previously been the exclusive provider to ferry Big Macs and french fries to hungry customers.

  • Uber launches in Hamburg, now live in six German cities
    Reuters2 days ago

    Uber launches in Hamburg, now live in six German cities

    Uber said on Wednesday it was launching ride-hailing services in Germany's second city, Hamburg, as it seeks to achieve scale in a country where it has met resistance from local taxi firms, city governments and the courts. The $75 billion platform, which connects drivers and passengers in 100 European cities, is launching its low-cost UberX option in Hamburg along with Uber Taxi, a traditional taxi service, and Uber Green, which uses electric vehicles. Hamburg is the sixth German city in which Uber Technologies Inc has rolled out its full range of services, following a pledge last year by CEO Dara Khosrowshahi to make a fresh start https://www.reuters.com/article/us-tech-germany-uber/uber-ceo-focused-on-responsible-growth-seeks-fresh-start-in-germany-idUSKBN1FB1ZA in Europe's largest economy and seek responsible growth.

  • Uber to Executives: Want Your Bonus? Make the Company More Diverse
    SAY2 days ago

    Uber to Executives: Want Your Bonus? Make the Company More Diverse

    Let’s say you’re one of the most high-profile start-ups of the decade...but you also have a reputation for deep institutional sexism. How do you change your image and fix the imbalance at your company? Well if you’re Uber, you make sure executives know it is worth their while, as the ride sharing company has announced that it will factor in whether top officials, including CEO Dara Khosrowshahi, have met diversity goals before handing out the next round of bonuses. Bonus Beats The bonus benchmark policy calls for Uber to raise the number of women in managerial positions to 35 per cent by 2022, while also raising the percentage of under-represented employees at mid-level roles to 14 per cent. The company declined to disclose the current levels of representation, and also did not say how contigenet bonuses are on hitting the diversity goals. Culture War Uber has reportedly had problems with sexism since starting a decade ago, as founder and former CEO Travis Kalanick has been accused of creating a culture of sexism and fostering a hostile workplace for female employees. The company has been investigated by the US Equal Employment Opportunity Commission for gender discrimination, and Kalanick left the company in 2017, around the same time former US Attorney General Eric Holder was hired to conduct an investigation into Uber's sexual harassment issues, which led to 20 people being fired. Tying executive pay to diversity and inclusion metrics was one of Holder’s recommendations. Measure Up Uber is not the only company to tie executive pay to inclusion goals, as Microsoft has also adopted similar measures, and as shareholders and activists continue to continue to urge companies to tie metrics, like diversity or decreasing their carbon footprints, to c-suite bonuses. -Michael Tedder Photo: Rodrigo Garrido / REUTERS

  • 5 Top Stock Trades for Wednesday: JNJ, WFC, UBER, APRN, ROKU
    InvestorPlace2 days ago

    5 Top Stock Trades for Wednesday: JNJ, WFC, UBER, APRN, ROKU

    U.S. stocks were slightly lower Tuesday as investors begin to digest corporate earnings results. Over the coming weeks, we'll be hit with hundreds of reports, with banks mostly leading the charge on Tuesday. Let's get a look at a few top stock trades going into mid-week. Top Stock Trades for Tomorrow 1: J&J Click to EnlargeShares of Johnson & Johnson (NYSE:JNJ) are down just over 1% despite beating on earnings estimates. The price action over the last few days has been telling and leaves a roadmap for investors.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 8 Penny Stocks That Have Fallen From Grace On Friday, shares took a dive, falling below the 200-day moving average. On Monday, the stock tried to rally but was stymied by the 200-day moving average. On Tuesday, JNJ stock broke below Friday's lows, but reclaimed them later in the session.That's a perfect little map for short-term investors. Above Tuesday's high and we can get a retest of the 200-day. Over the 200-day and perhaps J&J can work its way up to the 50-day. On a drop below Tuesday's post-earnings low, we could see a decline down to the key support area between $129 and $130. Top Stock Trades for Tomorrow 2: Wells Fargo Click to EnlargeWe're seeing some decent reaction to bank earnings, with JPMorgan (NYSE:JPM) and Goldman Sachs (NYSE:GS) advancing on the day. However, Wells Fargo (NYSE:WFC) isn't one of them, falling more than 2.5%.The stock has been in a downtrend (blue line) for about a year now, while $48 is acting as resistance. $45 has buoyed the name over the last few months, but should it fail, the May/June lows at $44 are on deck. Below that and WFC is in trouble.North of $45.63 and perhaps WFC can gain some bullish momentum. Top Stock Trades for Tomorrow 3: Roku Click to EnlargeRoku (NASDAQ:ROKU) surged more than 8% at one point, as the stock went on to make new highs above $113.Earlier this month, we flagged this one for InvestorPlace readers and boy is it paying off. Shares bounced cleanly off the 50-day and quickly reclaimed the 20-day. As long as it holds $105 now, it looks good on the long side.It sounds crazy, but I wouldn't be surprised to see $120 to $125 on this one ahead of earnings -- assuming the market continues to trade well too. Top Stock Trades for Tomorrow 4: Uber Click to EnlargeUber (NYSE:UBER) looked like it was ready to go earlier today, rallying right up to $45 before falling back down.This stock continues to put in higher low after higher low and is maintaining above its 8-day and 21-day moving averages.It's either going to create an epic breakdown or breakout at this point. The key point to watch is the $45 IPO price. Either shares break over this point, running to $47 and potentially to $50+ if it can gain momentum, or it's going to stumble hard. Watch $45 like a hawk (but remember, everyone else is too). Top Stock Trades for Tomorrow 5: Blue Apron Click to EnlargeBlue Apron (NYSE:APRN) has had one of the worst post-IPO runs I've ever seen. Did you know, APRN hasn't ever closed above its IPO price?Ironically, Beyond Meat (NYSE:BYND) has had one of the best IPOs in recent memory, so it only makes sense that the two partner. The move is sending shares of APRN higher by more than 50% and shares eclipsed $13.50 at one point. It was a very strong move and it makes sense why.Blue Apron's IPO price was actually $10, but on the chart it will show up at $150 because the company already had to do a reverse stock split. In any regard, the stock's move above $10 is notable. In doing so, it reclaimed the 50-day moving average and, at least for now, is breaking out of its downtrend. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Bulls will now want to see $10 hold as support, while resistance may come into play near $14 to $15.60.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 5 Top Stock Trades for Wednesday: JNJ, WFC, UBER, APRN, ROKU appeared first on InvestorPlace.

  • IPO-Edge.com2 days ago

    IPO Edge Editor Jannarone: Venture Capital Cycle Known to Turn Fast – Cheddar TV

    In an interview with Cheddar TV, IPO Edge Editor-in-Chief John Jannarone argues that much of the venture capital money from big exits this year - Uber, Pinterest, Lyft, Slack, and Zoom - may well get piled back into VC funds. However, it's worth remember what happened when the music stopped 20 years ago after the […]

  • Uber and Lyft paid drivers to protest the bill that could make them employees
    Quartz2 days ago

    Uber and Lyft paid drivers to protest the bill that could make them employees

    A bill in California that has already passed the state assembly could make it harder for companies like Uber to classify their workers as independent contractors. The Los Angeles Times reported yesterday that drivers who attended the July 9 rally in Sacramento were promised $25 to $100 to cover their “travel, parking, and time,” to be paid within five days of the event. The money came from the I’m Independent Coalition—a group funded by the California Chamber of Commerce, several other professional and trade groups, as well as companies—which also helped organize the rally, according to the paper.

  • IPO ETF Returns Double the S&P 500 in 1H: What Next?
    Zacks2 days ago

    IPO ETF Returns Double the S&P 500 in 1H: What Next?

    While the IPO fund offered stellar returns in the first half, the second-half should be great on a host of pending listings.

  • Delivery Wars? Domino's Has a Plan for That
    Bloomberg2 days ago

    Delivery Wars? Domino's Has a Plan for That

    (Bloomberg Opinion) -- Domino’s Pizza Inc. didn’t come in hot in the second quarter. The pizza-delivery chain said Tuesday that comparable sales at its U.S. restaurants rose 3% in the period from a year earlier, well below the 4.6% growth analysts had expected.Shares fell in early trading, and, to a certain extent, that is understandable. But this quarter’s results didn’t leave me with any fresh concerns about Domino’s long-term strategy or its ability to hold its own amid major changes in the U.S. food delivery market. While a 3% increase in comparable sales represents a slowdown in growth for an industry darling, it is still a solid result at a moment when restaurant traffic generally remains so weak.  There’s another key reason that I am less alarmed by Domino’s comparable sales slowdown, even if it is more abrupt this quarter than expected. And that’s because it’s all part of a sensible strategy to adapt to a more competitive food-delivery environment.Domino’s is in the process of doing something it calls “fortressing.” Essentially, it means adding more locations in a concentrated area. The theory is that closer proximity to customers means better service in the form of shorter wait times and pizzas arriving hot. Additionally, the company has found that this approach tends to generate more carryout sales, which are often incremental business it wouldn’t have gotten otherwise. The downside of bulking up its restaurant portfolio in certain areas is that it creates pressure on Domino’s comparable sales, with revenue transferring from one store to another. Domino’s has said this created a comparable sales headwind last year of between 1% and 1.5%.I’m typically very skeptical of any established chain – restaurant or mall-based – embracing a massive store opening plan, given how saturated the U.S. market is. But Domino’s is an exception. With its focus on off-premise eating, cutting the time it takes to get from stores to customers is crucial to keeping itself differentiated as third-party delivery services such as DoorDash, Uber Eats and GrubHub Inc. barrel into more metro areas and give diners an explosion of choice for eating at home. In fact, Domino’s acknowledged feeling the heat of third-party services in the previous quarter, saying back in April that newcomers’ aggressive marketing promotions had been a competitive challenge.Better service also should help Domino’s maintain its edge against more traditional rivals such as Yum Brands Inc.’s Pizza Hut, which has been courting value-conscious diners with deals like a $5 medium pizza and a bigger push in delivery.Importantly, it seems Domino’s is trying to execute the fortressing plan in a way that shouldn’t roil its franchisee base. Executives have noted that a single franchisee is opening the fortressed stores within their own territory, so he or she is retaining transferred sales and seeing improved store-level profitability.I expect the rise of food delivery to massively disrupt the restaurant industry over the next decade. Domino’s is right to take a short-term hit to comparable sales – while it is in a position of real strength – to gird itself for the onslaught of competition.Plus, the fact that Domino’s didn’t revise its three- to five-year outlook on Tuesday suggests that the second-quarter results aren’t viewed internally as any kind of inflection point.Booming comparable sales growth can be comfort food for investors. Even though Domino’s didn’t offer that this quarter, it’s still on the right track.  To contact the author of this story: Sarah Halzack at shalzack@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Sarah Halzack is a Bloomberg Opinion columnist covering the consumer and retail industries. She was previously a national retail reporter for the Washington Post.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • New York City can ban ads inside Uber, Lyft vehicles - U.S. appeals court
    Reuters2 days ago

    New York City can ban ads inside Uber, Lyft vehicles - U.S. appeals court

    Reversing a lower court ruling, the 2nd U.S. Circuit Court of Appeals in Manhattan ruled 3-0 that the ban did not violate the First Amendment, in a case brought by a technology company that places digital content inside ride-sharing vehicles. The ban included an exception for Taxi TV, which the city's Taxi and Limousine Commission lets medallion cab owners display to offset the cost of installing mandatory technology to help passengers monitor their fares and pay by credit card.

  • Are Tech Stocks Nearing Another Bubble Burst?
    Kiplinger2 days ago

    Are Tech Stocks Nearing Another Bubble Burst?

    Don't buy the chorus of "This time is different."