DoorDash loses more than expected in Q2. But shares are rallying, and it plans to keep investing in expansion.
DoorDash Inc.'s third-quarter forecast for a key demand metric on Thursday came in above Wall Street's expectations, but the delivery app lost more than expected during the second quarter, as it invests in expanding what — and where — it delivers.
DoorDash projects upbeat Q3 core profit as online ordering stays resilient
DoorDash forecast third-quarter core profit above expectations and surpassed revenue estimates for the June quarter on Thursday, as more customers used its online delivery platform to order food and grocery items, sending its shares up about 15% in extended trading.
DoorDash adding more delivery fees ‘to remain operationally sustainable' in Seattle
DoorDash said it will add new delivery fees for orders in Seattle, blaming “inaction” from the City Council related to a minimum wage law for drivers implemented in January.
DoorDash Hires Ex-Amazon Exec and Explores Digital Storefronts
DoorDash has reportedly hired an ex-Amazon executive to help its continued expansion beyond restaurant deliveries. Parisa Sadrzadeh, who has also worked as Flexport's vice president for small and midsize business and omnichannel fulfillment, will be DoorDash's new vice president of strategy and operations, The Information reported Friday (July 26), citing a company spokesperson.
Food delivery fees are rising, and everyone's feeling the pinch
Between the service fee, delivery fee and tip added up at checkout, the price of a meal on third-party delivery apps can be far higher than many consumers expect. Frustrations from both sides of the table have hit names like DoorDash, Grubhub and Uber Eats, which have introduced reduced-fee options for premium service users.
DoorDash, Inc. (DASH) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
DoorDash (DASH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
DoorDash and Deliveroo Acquisition Talks Ended on Valuation Disagreement
A potential combination of meal delivery companies Doordash and Deliveroo was reportedly discussed but rejected in May. Doordash approached Deliveroo about acquiring that company at that time, but talks between the two firms ended when they couldn't agree on a valuation, Reuters reported Tuesday (June 25).
DoorDash (DASH) Surges 3.3%: Is This an Indication of Further Gains?
DoorDash (DASH) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
DoorDash: Delivering Both Food And Shareholder Value
DoorDash dominates the online food delivery market in the U.S. with a 66% market share and is present in 25 other countries. The company's financial performance aligns with its business strength, with potential for international expansion and a 12% CAGR projected for the industry. Despite a 15% potential upside, the stock's high beta warrants a Buy rating rather than a Strong Buy.
DoorDash Faces the Might of Amazon and Uber. What It Needs to Do to Win.
The company's expansion into groceries and other areas is leading it into more direct competition with the technology giants.
DoorDash Expands Alcohol Delivery and Retail Media Offerings
DoorDash is introducing retail media solutions as it expands its alcohol delivery service. The company is expanding its alcohol delivery partnerships with several retailers, including select Food Lion, Giant Food and Stop & Shop locations, according to a Tuesday (June 11) press release.
DoorDash (DASH) Boosts Customer Base With ASO Partnership
DoorDash (DASH) partners with Academy Sports and Outdoors for same-day delivery of sports and outdoor essentials across 19 states.
