DoorDash is adding new grocers to its list of supermarket delivery partners. The delivery platform will be working with five new grocers, according to a Monday (Nov. 25) press release. The aggregator has already added several supermarket chains this year, including Wegmans and all of Ahold Delhaize's American banners. "It has been a monumental year for DoorDash's grocery business with many beloved grocers — from the nation's largest supermarket chains to neighborhood favorites — joining the platform," Fuad ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Partnership enhances gift card shopping experience with quick local deliveries from DashMart and other popular merchants within the DoorDash appATLANTA, Nov. 25, 2024 /PRNewswire/ -- InComm Payments, a global payments technology company, and DoorDash, the premier local commerce platform, today announced a partnership enabling consumers to browse, purchase and order delivery of gift cards for hundreds of merchants within the DoorDash app. The offering will launch on Friday, Nov. 29, with promotions beginning ...

DoorDash's (DASH) shares have surged 74.4% in the year-to-date period compared with the Zacks Internet - Services industry's increase of 25.5% and the broader Zacks Computer & Technology sector's appreciation of 27.8%. DASH's robust stock price performance has been driven by strong total orders and Marketplace Gross Order Value (GOV) performance, enhanced logistics efficiency and increased advertising contribution. DoorDash is gaining momentum in new verticals, particularly in the grocery segment, which fur ...

While online grocery shopping is generally convenient, manually adding items to your cart one by one can become a bit of a chore. To address this, food and grocery shopping app DoorDash has launched a new feature that allows you to sync your grocery list to the app. The app will then suggest what to add to your cart based on the items on your list. iOS users can import lists from Apple’s Reminders app, too.To use the new feature, first select the store where you want to shop. Then, look for the buttons “Cre ...

DoorDash, Inc. (DASH) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock pri ...

Despite many companies grumbling of potentially softer consumer spending during this earnings season, DoorDash (NASDAQ: DASH ) so far has appeared unimpaired. The takeout and delivery app, a major rival of UberEats ( UBER ), has continued to soar with With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and onl ...

DoorDash (DASH) reported earnings of 38 cents per share in third-quarter 2024 in contrast to the year-ago quarter’s loss of 19 cents. The figure beat the Zacks Consensus Estimate by 80.95%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues increased 25% year over year to $2.16 billion and surpassed the consensus mark by 1.59%. The upside was driven by strong performance in total orders and Marketplace Gross Order Value (GOV), alongside enhanced logistics efficiency and an increa ...

Financial Data and Key Metrics - The company reported a 19% growth in GOV (Gross Order Value) for Q3 2024, driven by strong performance in both core restaurant and other categories like grocery [41][43] - The international business continues to grow substantially faster than peers, gaining market share in virtually all markets it operates in [12][13] - The company achieved a record number of DashPass subscribers, surpassing 18 million in Q3 2024 [63] Business Line Performance - The restaurant business has shown stable growth, while grocery and new verticals are growing much faster, gaining share in grocery and international markets [44] - DashMart, the company's quick commerce service, has made significant progress, achieving national service status and forming partnerships with retailers like Loblaws [54][56] - The advertising business continues to grow at high rates, driven by the scale of the marketplace and improvements in consumer conversion rates [71][72] Market Performance - The company is gaining share in virtually every international market it operates in, with strong progress in both top-line and bottom-line performance [8][9] - In the U.S., the company is the first choice for new customers entering the grocery delivery market, with increasing retention and order frequency across cohorts [18][19] - The company is also seeing strength in suburban markets, with new cohorts coming from these areas due to increased selection and new categories like grocery [23][24] Strategic Direction and Industry Competition - The company's strategy focuses on building the best product to achieve high retention and order frequency, which is key to efficient growth and market leadership [80][81] - Partnerships, such as the recent one with Lyft, are part of the company's strategy to enhance the DashPass program and drive engagement [28][29] - The company is investing in autonomous delivery technology, recognizing the unique challenges of item delivery compared to ride-hailing [66][67] Management Commentary on Operating Environment and Future Outlook - Management is optimistic about the long-term potential of the grocery delivery market, noting that customers tend to order more items with each subsequent visit [19][20] - The company is focused on improving product selection, pricing, and delivery quality to drive higher retention and frequency, which will compound growth over time [82][83] - Management expects revenue growth to continue outpacing GOV growth, driven by advertising and efficiency improvements, but notes that investment opportunities will be flexibly managed [36][37] Other Important Information - The company has made significant progress in reducing regulatory costs and improving logistics efficiency, contributing to gross margin improvements [48][49] - The company is exploring opportunities in autonomous delivery, with a focus on solving the unique challenges of item delivery, particularly the last 10 feet of the delivery process [66][67] - The company is also seeing strong interest from CPG advertisers, driven by its growth in grocery and the combined view it offers across multiple categories [76][77] Q&A Summary Question: International Contribution Margins and Fixed Cost Leverage - The company is seeing similar progress in international markets as it did in the U.S., with improvements in contribution margins as cohorts mature [8][9] - Fixed cost leverage is achievable as the company uses the same tech stack and team across markets, despite the hyper-local nature of delivery [10][11] Question: Grocery Market Trends and Cohort Demographics - The company is seeing increasing basket sizes and wallet share in grocery as customers become more accustomed to ordering on the platform [19][20] - New cohorts are coming from suburban markets, with some starting their journey with grocery as their first order, indicating a shift in consumer behavior [23][24] Question: Partnership Strategy - The company's partnership strategy focuses on enhancing the DashPass program, with recent partnerships including Lyft and MAX [28][29] - The company believes that partnerships can drive engagement and new members, but the primary focus remains on building the best product [31][32] Question: Take Rate and Price Parity in Grocery - The company's take rate is driven by advertising and efficiency improvements, with revenue growth outpacing GOV growth [36][37] - The company is working towards achieving price parity in grocery, focusing on getting customers exactly what they ordered at competitive prices [38][39] Question: GOV Growth and AOV Trends - The 19% GOV growth in Q3 2024 was driven by strong performance in both restaurant and grocery categories, with AOV trends slightly up due to product mix [41][43] Question: Gross Profit Margin and M&A Strategy - The company's gross profit margin outperformance was driven by advertising, regulatory cost reductions, and logistics efficiency [48][49] - The company's M&A strategy focuses on opportunities that expand its TAM, accelerate growth, and achieve long-term cash flows, as seen with the acquisition of Tazz in Europe [50][51] Question: DashMart and Quick Commerce Profitability - DashMart has made significant progress, achieving national service status and forming partnerships with retailers [54][56] - The company sees potential in quick commerce, particularly in partnership with retailers, and is exploring opportunities in both North America and Europe [56][57] Question: Autonomous Delivery and Ads Trends - The company is investing in autonomous delivery technology, recognizing the unique challenges of item delivery compared to ride-hailing [66][67] - The ads business continues to grow, driven by the scale of the marketplace and improvements in consumer conversion rates [71][72] Question: CPG Advertising and Grocery Competition - CPG advertisers are increasingly interested in the company's platform due to its growth in grocery and combined view across categories [76][77] - The company's competitive advantage in grocery lies in its product execution, which drives high retention and order frequency, allowing it to grow efficiently [80][81] Question: Sales and Marketing Leverage and Grocery Basket Size - The company has achieved significant leverage in sales and marketing, driven by product improvements and Dasher retention [88][89] - The company does not need large baskets to make the grocery business financially sustainable, as it has a low-cost structure and is seeing increasing basket sizes with each subsequent order [91][93]