From Nasdaq: 2024-06-11 11:40:00

DoorDash has partnered with Academy Sports and Outdoors to offer on-demand delivery from over 285 stores across 19 states, enhancing shopping convenience for sports and outdoor essentials. This collaboration will provide same-day delivery within an hour via the DoorDash app, offering benefits through DashPass membership program.

DoorDash is expanding its clientele with partnerships like Lowe’s Companies and Alphabet, driving growth in the retail sector. The company has seen a 21% increase in total orders and Marketplace Gross Order Value ($19.2 billion). Despite competition in local food delivery logistics, DoorDash continues to strengthen its position in the market.

DoorDash’s strong portfolio and expanding partner base are driving growth, with projected Marketplace GOV of $19-$19.4 billion in Q2 2024. Revenue estimates show an 18.97% year-over-year growth, with a loss of 8 cents per share expected. Overall, DoorDash’s prospects look positive with continuous growth potential in the market.



Read more at Nasdaq: DoorDash (DASH) Boosts Customer Base With ASO Partnership