"Many senior adults facing hunger lack access to transportation or are unable to leave home due to health or mobility issues," stated Trisha Cunningham, President and CEO of the North Texas Food Bank. "Project DASH addresses this challenge, enabling organizations like NTFB to reach these individuals. Delivering 1.3 million meals demonstrates the power of collaboration in ensuring no Texan goes hungry. These meals are particularly crucial now, as the need for food assistance has increased beyond pandemic lev ...

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. "In 2023, the total number of liquor stores available on DoorDash in the U.S. increased by more than 60%," said DoorDash Vice President of New Verticals Fuad Hannon in the release. "Today, DoorDash is the U.S. category share ...

DoorDash (DASH) recently announced its collaboration with Academy Sports and Outdoors (ASO) to enhance the convenience and accessibility of shopping for sports and outdoor essentials. Through the DoorDash app, customers can seamlessly browse and purchase Academy products, enjoying the convenience of same-day delivery within an hour. The partnership aims to transform the shopping experience during the upcoming Back-to-School season by offering on-demand delivery from the Academy's extensive network of 285 st ...

KATY, Texas, June 10, 2024 /PRNewswire/ -- Academy Sports + Outdoors ("Academy") (Nasdaq: ASO) today announced a new exclusive partnership with DoorDash (Nasdaq: DASH), the local commerce platform, to offer on-demand delivery from Academy's 285 stores across 19 states during the upcoming Back-to-School season. Academy products can be ordered directly through the DoorDash app, helping consumers easily pursue their sports and outdoors passions by shopping for items they need delivered on the same day, in unde ...

- UNLIMEAT is now being sold on DoorDash's DashMart, the company's online convenience store, to make UNLIMEAT Kimbap available nationwide. LOS ANGELES, May 30, 2024 /PRNewswire/ -- Frozen kimbap has become extremely popular lately – it's flying off the shelves and has become a new sensation in Korean cuisine. If you're a kimbap fan, you no longer need to worry about it being sold out. UNLIMEAT recently announced that they've launched their frozen kimbap on DashMart. DashMart is a new type of online convenie ...

In March, DASH teamed up with Sally Beauty and MAC Cosmetics while enhancing its partnership with Sephora, providing consumers with on-demand access to a wide range of beauty essentials delivered within an hour, with a $0 delivery fee and offering DashPass benefits for seamless shopping experiences. DoorDash (DASH) is expanding its footprint in the beauty retail sector through an expanded partnership with the nation's largest beauty retailer, Ulta Beauty. The partnership offers on-demand delivery from more ...

Investment Rating - The report does not specify a clear investment rating for DoorDash [9][29]. Core Insights - DoorDash's 1Q24 performance met expectations, with average daily orders and total transaction value increasing by 20% and 21% year-over-year, respectively [30]. - The company is the leading food delivery platform in the U.S., with a market share of 67% as of March 2024, significantly ahead of competitors like Uber Eats and Grubhub [31]. - The guidance for 2Q24 indicates a year-over-year growth in transaction value of 15-18%, with manageable impacts from minimum wage laws on rider costs and user orders [30][31]. Financial Performance Summary - Total revenue for 1Q24 was $2.51 billion, reflecting a year-over-year increase of 23% and a quarter-over-quarter increase of 9% [10]. - The adjusted EBITDA for 1Q24 was $371 million, corresponding to a profit margin of 14.8%, which is a 5 percentage point increase year-over-year [10][37]. - Contribution profit for 1Q24 was $751 million, up 41% year-over-year, indicating effective cost control and efficiency improvements [10][37]. Market Position and Growth Drivers - DoorDash's growth is driven by increased transaction frequency, category expansion, and international market penetration [16]. - The company has expanded its operations to over 30 countries, including Canada, Australia, and Germany, following the acquisition of Finnish delivery platform Wolt [31]. - The average order value remains stable, with the total gross order value (GOV) reaching $19.2 billion in 1Q24, a 21% increase year-over-year [10][35]. Future Outlook - The market consensus expects a 20% year-over-year revenue growth for DoorDash in 2024, with an adjusted EBITDA of $1.7 billion, reflecting a profit margin of 17% [7]. - The report emphasizes the importance of monitoring changes in order volume, market share improvements, and advertising progress as key indicators for future performance [16].

America's favorite food delivery platform is sacrificing growth in search of profitability.DoorDash (DASH -1.73%) stock came public at the end of 2020 at $102 per share. The initial public offering (IPO) was perhaps slightly opportunistic, considering its food delivery business was benefiting greatly from pandemic-era lockdowns and social restrictions.The company was consistently delivering triple-digit-percentage growth in its revenue, so it's no surprise the stock soared to an all-time high of $246 in les ...

DoorDash (DASH) reported a GAAP loss of 6 cents per share in first-quarter 2024, narrower than the year-ago quarter’s loss of 41 cents. The figure beat the Zacks Consensus Estimate by 14.29%.Revenues increased 23.5% year over year to $2.51 billion and surpassed the consensus mark by 2.37%. The upside was driven by strong performance in total orders and Marketplace GOV, alongside enhanced logistics efficiency and an increasing contribution from advertising.DoorDash’s success in the first quarter was further ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...