Doordash Inc Stock Price, News & Analysis

DoorDash (NYSE:DASH) announces the launch of ultra-fast grocery deliveries in New York City via DashMart, offering over 2,000 items delivered in 10-15 minutes. The service starts from DashMart in Chelsea, with plans for expansion. Customers can enjoy $0 delivery fees with DashPass and a $15 discount on their first order. DoorDash aims to provide a new employment model through DashCorps, with full-time couriers receiving benefits. The initiative also supports local businesses and reduces food waste by donating excess produce.

Dollar General (NYSE: DG) has partnered with DoorDash (NYSE: DASH) to provide same-day delivery of essential household items. This initiative aims to enhance shopping convenience with no minimum order size and an average delivery time of under an hour. From November 11 to November 24, 2021, first-time customers can enjoy 30% off their orders of $20 or more. The service is currently available at over 9,000 Dollar General locations, with plans to expand to over 10,000 by December 2021. This collaboration addresses increased demand for contactless shopping options.

DoorDash (NYSE: DASH) and Payfare (TSX: PAY) have launched DasherDirect, enabling delivery drivers in the U.S. to access earnings instantly after each dash. This financial solution includes a prepaid Visa card and a mobile banking app, offering no-fee payouts, cash back on gas, and no minimum balance requirements. The initiative, responding to driver feedback for quicker payments, aims to enhance economic security for Dashers. CEO Tony Xu emphasized the significance of this program for financial empowerment, while Payfare's CEO noted the initiative's early success and potential for global expansion.

DoorDash (NYSE: DASH) and Wolt Enterprises have announced a definitive agreement for DoorDash to acquire Wolt in an all-stock transaction valued at approximately €7 billion. This acquisition aims to enhance their shared mission of building a global platform for local commerce. Wolt, with over 4,000 employees across 23 countries, is expected to contribute significantly to DoorDash’s operational efficiency and product development. The transaction is anticipated to be accretive to gross order value in 2022, with pro forma combined adjusted EBITDA projected to range from $0 to $500 million.

DoorDash Inc. (NYSE: DASH) reported its financial results for the third quarter of 2021, highlighting ongoing growth in revenue and user engagement. The company also announced the acquisition of Wolt Enterprises OY, enhancing its market position. Details on the earnings call, scheduled for November 9, 2021, were provided. This strategic move is expected to bolster DoorDash's service offerings in various regions, including the U.S., Canada, Australia, and Japan, fostering further expansion in the last-mile logistics sector.

DoorDash (DASH) has announced a partnership with Ulta Beauty (ULTA) to launch same-day delivery services from select Ulta locations in major U.S. cities including Atlanta, Boston, and Los Angeles. This service will offer more than 25,000 beauty products just in time for the holiday season, enhancing convenience for consumers. The collaboration utilizes DoorDash Drive, allowing Ulta to tap into DoorDash's delivery network without in-house logistics. This initiative aims to provide seamless omnichannel experiences and cater to customer demand for faster delivery options.

United Natural Foods (NYSE: UNFI) has established a reseller agreement with DoorDash (NYSE: DASH) to enhance on-demand grocery delivery for independent retailers across the nation. This collaboration enables local grocers to utilize DoorDash's logistics network, allowing consumers to order groceries without minimums or time slots. The initiative aims to drive sales for independent retailers by improving online access and increasing customer loyalty. UNFI's Professional Services offers over 150 customizable solutions to assist grocers in navigating the evolving market.

DoorDash (NYSE: DASH) announced a $1 million Restaurant Disaster Relief Fund to assist local restaurants impacted by natural disasters in the U.S. This initiative was revealed at the Main Street Strong Restaurant Conference and aims to provide $10,000 grants to eligible restaurants. Applications open on November 1, 2021, with funding intended to help cover essential expenses. DoorDash partnered with Hello Alice to administer the grants, emphasizing the importance of supporting small businesses during crises, especially following recent disasters like Hurricane Ida.

DoorDash, Inc. (NYSE: DASH) will release its third quarter 2021 financial results on November 9, 2021, after market close. A conference call to discuss these results is scheduled for 2 p.m. PT / 5 p.m. ET on the same day, available via a live webcast on the DoorDash Investor Relations website. The company emphasizes its commitment to broad information distribution, complying with SEC disclosure obligations through various channels. DoorDash connects consumers with over 7,000 businesses across multiple countries.