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.
DoorDash (DASH) has partnered with Albertsons Companies (ACI) to provide on-demand grocery delivery from nearly 2,000 Albertsons banner stores nationwide. Consumers can order over 40,000 grocery items for delivery within an hour, enhancing convenience and access. The partnership includes expanding Albertsons' delivery capabilities and launching a custom loyalty program, alongside a new digital gaming experience for savings. Notably, Albertsons reported a 258% growth in digital sales last fiscal year, emphasizing their commitment to digital transformation.
DoorDash (NYSE: DASH) has partnered with PetSmart to provide on-demand delivery of pet supplies from nearly 1,500 locations nationwide. Customers can access over 11,000 items through the DoorDash app and website, enhancing convenience for pet owners. This collaboration reinforces DoorDash's strategy to expand into new categories and meet evolving consumer needs. The partnership is supported by a marketing campaign featuring NASCAR driver Bubba Wallace and his dog, promoting same-day delivery services. PetSmart's offerings will also be available to DashPass members, providing unlimited delivery benefits.
On June 9, 2021, DoorDash (NYSE: DASH) launched its services in Sendai, Japan, marking its first expansion into Asia. This addition follows the company's previous entries into Australia and Canada, showcasing its commitment to international growth. The platform aims to empower local economies by providing merchants with tools to reach new customers, including a commission-free Storefront service for the rest of the year. DoorDash emphasizes safety, offering subsidized gear and insurance for Dashers and collaborating with local authorities for training.
Bed Bath & Beyond (Nasdaq: BBBY) has enhanced its Same Day Delivery services by partnering with DoorDash (NYSE: DASH), expanding coverage to over 3,000 additional zip codes in the U.S. With this partnership, Same Day Delivery is now available in 99% of store locations. Customers can order until 6 p.m. local time and receive real-time updates on their orders. This service aims to improve convenience for customers ahead of the Memorial Day holiday, following a successful launch in Canada.
DoorDash reported Q1 2021 financial results on May 13, highlighting its operational strength across the U.S., Canada, and Australia. The company aims to meet growing consumer demands with advanced logistics, enhancing local commerce. The earnings call is scheduled for May 13 at 2 PM PT, with further investor presentations lined up on May 18 and May 26. For more details on financial performance and other events, visit the DoorDash investor relations website.
DoorDash (NYSE: DASH) has announced a strategic partnership with Rite Aid to provide same-day delivery of over 24,000 health and wellness items from more than 2,100 Rite Aid locations across 17 states. The delivery, facilitated through the DoorDash app, promises an average arrival time of under an hour. Products available include non-prescription medications, groceries, and personal care items. This collaboration aims to enhance customer access to vital health products during the ongoing pandemic, with benefits available for DashPass subscribers on orders over $12.
DoorDash, Inc. (NYSE: DASH) is set to release its first quarter 2021 financial results after market close on May 13, 2021. The earnings press release and shareholder letter will be available on the company's investor relations website. A conference call to discuss the results will occur at 2 p.m. PT / 5 p.m. ET on the same day, with a live webcast accessible online. A replay of the call will be available shortly thereafter. DoorDash has integrated various communication methods to ensure broad distribution of material information for compliance with regulatory obligations.
DoorDash has launched a new initiative to support its Dashers and affiliated community organizations. Between April 5 and April 18, Dashers completing 25 deliveries can enter to win a share of $1 million, including $50,000 for themselves and $50,000 for a charity of their choice. Ten Dashers will be selected as winners, announced on April 23. Additionally, all Dashers can access $20 in CarAdvise credit for car maintenance discounts. This program aims to recognize the contributions of Dashers during the COVID-19 pandemic while promoting community support.
DoorDash announced the launch of same-day delivery for COVID-19 PCR test kits through partnerships with Vault Health and Everlywell. Customers in select U.S. cities can access these FDA-authorized kits via DoorDash's DashMart locations and the app. The Vault Health kit, priced at $119, offers supervised saliva sample collection, while Everlywell's kit costs $109 and includes a nasal swab. Both kits promise results within 24-48 hours. This initiative underscores DoorDash's expansion in healthcare delivery, previously partnering with Walgreens and CVS Pharmacy for on-demand medicine.
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