Doordash Inc Stock Price, News & Analysis

DoorDash is set to launch the first-ever DoorDash Rewards Mastercard in partnership with Chase and Mastercard. This co-branded credit card will allow cardmembers to earn rewards on purchases made both on and off the DoorDash platform. The card aims to enhance customer engagement and rewards, featuring benefits such as 24/7 concierge service and access to exclusive experiences. This initiative strengthens the ongoing collaboration between DoorDash and Chase, which began in 2020, providing significant value to consumers.

DoorDash has expanded its retail offerings through partnerships with major retailers including Sprouts Farmers Market, EG America, Big Lots, and DICK's Sporting Goods. Beginning in October, shoppers can order from over 375 Sprouts locations, while EG America will provide delivery from over 1,300 stores. Big Lots will offer various home goods, and DICK's will enable on-demand delivery from more than 700 stores. Currently, over 75,000 non-restaurant retailers are available on DoorDash, reflecting a 130% increase in grocery orders year-over-year.

EG America has announced a partnership with DoorDash to offer on-demand delivery of convenience essentials, including snacks and coffee, from over 800 locations nationwide. This service aims to expand to more than 1,300 stores by the end of October 2022. Customers can order via DoorDash's app, enjoying a 25% discount on orders over $20 with the promo code EG2022. This collaboration enhances EG America's commitment to convenience, with key executives from both companies expressing excitement over the partnership's potential to provide efficient access to consumer essentials.

Big Lots, Inc. (NYSE: BIG) has partnered with DoorDash to offer on-demand delivery from over 1,400 stores across 48 states. Customers can access more than 36,000 products, including home goods and pantry items, via the DoorDash app. The collaboration aims to enhance shopping convenience for consumers, with a promotional offer providing 50% off orders (up to $20) from September 15 to 30, 2022. This initiative aligns with Big Lots' mission to provide exceptional value and convenience, appealing to budget-conscious consumers.

Southeastern Grocers Inc. (SEG) is launching a new e-commerce service that allows customers to shop online from its Winn-Dixie and Harveys Supermarket stores. Starting in October, this service will offer in-store prices and deliver groceries in two hours or less, with curbside pickup available in early 2023. The initiative aims to enhance online grocery shopping convenience by partnering with DoorDash for order fulfillment. SEG is committed to improving its digital offerings based on customer feedback.

RELEX Solutions and DoorDash (NYSE: DASH) announced a partnership to implement RELEX's AI-driven supply chain planning solution for DashMart locations. The innovative solution employs machine learning to enhance product availability forecasts, automating and optimizing replenishment processes. This collaboration aims to drive accuracy and efficiency in DoorDash's supply chain operations, benefiting both companies.

DoorDash Inc. (NYSE: DASH) announced its financial results for the quarter ending June 30, 2022, showing significant performance metrics. The earnings call is scheduled for August 4, 2022, at 3:00 PM PT. Investors can access detailed financial results and shareholder letters on the DoorDash investor relations website. Founded in 2013, DoorDash operates in 27 countries, focusing on local commerce and consumer convenience. The company aims to empower merchants and enhance community engagement through its services.

DoorDash (NYSE: DASH) has granted 103,589 restricted stock units (RSUs) to 63 Wolt employees in Israel as part of its 2022 Inducement Equity Incentive Plan, following the acquisition of Wolt. Each RSU vests 25% on May 31, 2023, and the remaining vests quarterly over 12 installments, contingent on continued employment. This equity incentive aims to retain key talent from Wolt and was approved by DoorDash's Leadership, Development, Inclusion, & Compensation Committee in May 2022.

DoorDash has launched its largest Summer of DashPass savings event, starting on July 21. The event features over 25,000 exclusive offers valued at more than $40 million. Members enjoy $0 delivery fees and reduced service fees on eligible orders, alongside various discounts from both national and local businesses. Highlights include promotions such as free items from Wendy's and Taco Bell, as well as significant discounts from retailers like Office Depot. The annual DashPass membership is currently offered at a reduced price of $59.