Welcome to our dedicated page for DoorDash news (Ticker: DASH), a resource for investors and traders seeking the latest updates and insights on DoorDash stock.
DoorDash, Inc. (NASDAQ: DASH), founded in 2013 and headquartered in San Francisco, is a leading online food order and delivery service that has significantly expanded its operations since its inception. Initially focused on enabling restaurant food delivery, DoorDash has grown to empower small business owners by offering delivery services in an affordable and convenient manner. The platform enables delivery in areas where it was previously unavailable, thereby opening up new markets for local businesses.
Consumers can use the DoorDash app to order food on-demand for pickup or delivery from a variety of merchants, primarily in the United States. The company's acquisition of Wolt in 2022 extended its service footprint to Europe, further solidifying its presence in the international market. DoorDash provides a marketplace where merchants can create an online presence, market their offerings, and meet customer demand by making their products available for pickup or delivery.
Beyond restaurants, DoorDash's services have expanded to include grocery stores, retail shops, pet supplies, and flower shops. This broad offering underscores the company's commitment to being a comprehensive local commerce platform. Recent partnerships, such as the exclusive deal with Academy Sports + Outdoors announced in June 2024, highlight DoorDash's ongoing efforts to diversify and enhance its service offerings. This partnership allows customers to order products from Academy's 285 stores across 19 states directly through the DoorDash app, with delivery times averaging under an hour.
DoorDash also offers DashPass, a membership program that provides benefits like $0 delivery fees and reduced service fees on eligible orders from various merchants. This program has been well-received, offering value and convenience to frequent users.
Financially, DoorDash continues to show robust growth, driven by its strategic expansions and partnerships. The company's mission to empower local businesses and meet the growing demand for convenient delivery solutions positions it as a significant player in the local commerce and food delivery sectors.
Save A Lot, a major U.S. discount grocery chain, has partnered with DoorDash to offer same-day grocery delivery from over 400 stores. The collaboration aims to provide affordable and convenient access to fresh produce, quality products, and fresh-cut meat, with deliveries typically arriving in under an hour. Later this year, participating Save A Lot stores will support SNAP/EBT payment capabilities for on-demand delivery of eligible groceries.
To celebrate the partnership, new Save A Lot customers can enjoy 30% off orders of $50 or more (up to $20) at participating locations from July 26 to September 30, 2024, using the promo code SAL30. Additionally, participating Save A Lot stores will be available on DashPass, DoorDash's membership program offering $0 delivery fees and reduced service fees.
DoorDash (NASDAQ: DASH) will release its second quarter 2024 financial results on August 1, 2024, after market close. The earnings press release will be available on the DoorDash Investor Relations website. Additionally, the company will host a conference call at 2 p.m. PT / 5 p.m. ET to discuss these results. Interested parties can register and access the live webcast on the same website. A replay will also be available post-call. DoorDash maintains transparency by disseminating material information through multiple channels including SEC filings, press releases, public calls, and its investor relations website.
DoorDash's Project DASH has achieved a significant milestone by delivering over 100 million meals to people experiencing food insecurity since 2018. This effort spans the U.S., Canada, and Australia, utilizing the power of local delivery to break down barriers to food access.
Project DASH partners with numerous nonprofit organizations like United Way and Meals on Wheels, ensuring that recipients receive food conveniently and with dignity.
Major impacts include delivering over 63 million meals to areas with high SNAP usage, 12 million to food deserts, and 34 million to senior-heavy communities. The project has also reached rural areas and those with high disability rates.
The program also provides culturally appropriate meals, combats childhood hunger, supports survivors of domestic violence, aids new mothers, improves senior health, empowers college students, supports disaster relief, and helps fill volunteer gaps in food distribution.
MikMak has launched a groundbreaking integration with DoorDash, enhancing its eCommerce enablement and analytics platform, MikMak 3.0. This update allows brands to activate DoorDash as a buying option across multiple channels, such as brand websites, social media, and QR codes, providing consumers with a seamless shopping experience. The integration also offers brands valuable sales attribution data and shopper insights. This move follows MikMak’s acquisition of ChannelAdvisor’s Shoppable Media and Brand Analytics product lines and other recent platform enhancements. Available in the US, Canada, and Australia, this feature is set to revolutionize the omnichannel shopping landscape by allowing quick and flexible deliveries.
Rachel Tipograph, Founder and CEO of MikMak, emphasized the importance of agility and convenience in today's shopping experience. Looking forward, MikMak aims to expand its product portfolio and attribution capabilities to adapt to a cookieless and AI-driven world.
Academy Sports + Outdoors (Nasdaq: ASO) announced an exclusive partnership with DoorDash (Nasdaq: DASH) to offer on-demand delivery from Academy's 285 stores across 19 states. This service allows customers to order apparel, footwear, sporting goods, and outdoor recreation equipment through the DoorDash app for same-day delivery, averaging under an hour.
The partnership coincides with the upcoming Back-to-School season, aiming to provide a convenient shopping experience. Items from Academy Sports + Outdoors will also be available for DashPass members, who enjoy $0 delivery fees and reduced service fees on eligible orders.
Chad Fox, Executive Vice President and Chief Customer Officer, highlighted that this collaboration will help customers get the gear they need faster, enhancing their overall experience.
DoorDash Canada (NASDAQ: DASH) has announced the return of the 'Summer of DashPass' event, offering exclusive savings and prizes for DashPass subscribers from June 3 to July 28. Subscribers can enjoy up to 50% off from participating stores and restaurants, reduced service fees, and unlimited $0 delivery fees. New and existing Amazon Prime members can also sign up for a free one-year DashPass subscription. During the event, subscribers can enter to win prizes like a $10,000 shopping spree, music event tickets, a Palm Springs vacation, and a luxury hotel spa retreat. DoorDash aims to enhance local business visibility and economic opportunities for Dashers.
DoorDash (NASDAQ: DASH) and Ulta Beauty have announced an expanded partnership to provide on-demand delivery of Ulta Beauty products from over 1,350 stores across the US. This collaboration allows consumers to access more than 25,000 beauty products from 600+ brands via the DoorDash app. The initiative aims to enhance convenience by offering delivery in under an hour. A promotional offer is available until June 2, 2024, providing $10 off orders of $50 or more with the code 10ULTA. This partnership also integrates Ulta Beauty's loyalty program, enabling customers to earn rewards points on purchases made through DoorDash.
DoorDash, Inc. (NASDAQ: DASH) reported strong financial results for Q1 2024, setting new records for Total Orders, Marketplace GOV, and revenue. The company's net loss improved compared to the previous year. Key financial metrics showed significant growth, including a 23% Y/Y revenue increase to $2.5 billion and an increase in Adjusted EBITDA to $371 million. DoorDash focused on expanding local commerce, enhancing efficiency, and improving customer experience. However, the implementation of new earnings standards in Seattle and New York City negatively impacted merchant earnings and Dasher accessibility.
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