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Search resuls for: "DoorDash's"


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☆ DoorDash raises annual core profit forecast on resilient delivery demand
  + stars: | 2023-05-04 | by ( Granth Vanaik | Thomson Reuters | Granth Reports On The North American Consumer | ) www.reuters.com   time to read: +2 min
San Francisco-based DoorDash now projects annual adjusted EBITDA, a measure of profitability, between $600 million and $900 million, compared to previous outlook of $500 million and $800 million. "Consumer demand and engagement are stronger than ever, which has fueled growth across our topline," said Chief Financial Officer Ravi Inukonda. In the first quarter, total orders rose 27% to 512 million, while analysts on average had expected a 20.8% rise to 488.2 million, as per Refinitiv data. On Tuesday, Uber Technologies (UBER.N) also said that it expected "strong growth" in its food delivery unit over the next few quarters, signaling demand resilience. DoorDash's revenue rose 40% to $2.04 billion in the quarter ended March 31, compared to analysts' estimate of about $1.93 billion.
☆ You'll soon be able to see which restaurants jack up their prices on DoorDash
  + stars: | 2023-04-29 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +3 min
The app will also designate restaurants that keep prices the same, Restaurant Business reported. Restaurants have tried to make delivery more profitable, but delivery services have pushed back. DoorDash is also adding a specification on its app when a restaurant's prices are the same through DoorDash and in-person, according to Restaurant Business. We understand that there may be many reasons why restaurants choose to raise their prices, but in our mission to improve the customer and merchant experience, we encourage restaurants to set prices on DoorDash that more closely reflect in-store menu prices." Restaurants have often raised prices on orders made through DoorDash and other delivery services to reclaim some of what they pay in commissions to these apps.
☆ DoorDash customers can now pay with cash for some pizza and other food deliveries just like in the old days
  + stars: | 2023-03-21 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +3 min
That policy changes this week with the launch of Cash on Delivery for DoorDash's white label delivery service, DoorDash Drive, DoorDash announced Tuesday. While Cash on Delivery is available to any restaurant using DoorDash Drive, DoorDash said pizza and Chinese restaurants have been early adopters of Cash on Delivery during testing. DoorDash said Cash on Delivery is only available for restaurants using DoorDash Drive because those merchants specifically requested a cash option as many customers expect flexible payment methods. "Customers coming to DoorDash expect to pay with credit card, opposed to with cash," DoorDash told Insider. As such, DoorDash said its white-label delivery service could be an attractive option for pizza operators looking for a delivery service that now also accepts cash.
☆ 3 things that will propel Uber's ad offering to become a $1 billion business, according to advertisers
  + stars: | 2023-02-24 | by ( Lauren Johnson | ) www.businessinsider.com   time to read: +4 min
The company is justifying its steep ad prices by pitching advertisers its first-party data that shows where people are and where they're going. Advertisers laid out why Uber's ads are so valuable, and how the company has been able to pull in their budgets. Uber's data-driven ad offering however isn't as compelling as what's offered by retail media competitors, like Walmart and Target. Uber has a new strategy to go after video ad budgetsUber also wants to corner a piece of the lucrative video advertising market. The tablet ad format is squarely aimed at video ad budgets.
☆ DoorDash stock pops after revenue beat, rosy guidance
  + stars: | 2023-02-16 | by ( Annie Palmer | ) www.cnbc.com   time to read: +1 min
A DoorDash sign is pictured on a restaurant on the day they hold their IPO in New York, December 9, 2020. Shares of DoorDash jumped as much as 6% in extended trading Thursday after the food delivery company reported better-than-expected sales for the fourth quarter and gave upbeat guidance for the current period. For the current quarter, DoorDash said it expects marketplace gross order volume to be between $15.1 billion and $15.5 billion. DoorDash said in the quarterly earnings report that its president and COO Christopher Payne will retire from the company. Payne will be succeeded by DoorDash CFO Prabir Adarkar, who will take over the COO role effective March 1.
☆ DoorDash is headed to Super Bowl, pushing its on-demand grocery business again. Here are 7 key moves it is making to dominate retail delivery after conquering restaurants.
  + stars: | 2023-02-12 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +13 min
In August 2020, DoorDash launched retail delivery with chains like 7-Eleven and Walgreens. Editor's note: On Sunday, DoorDash is airing its second Super Bowl commercial to promote its grocery delivery business. Lately, DoorDash has its sights set on a new prize — dominance in retail and grocery delivery. "We have more retail stores, grocery included, than any other platform in North America today." DoorDashDoubleDashA year after launching grocery delivery, DoorDash introduced DoubleDash.
☆ A delivery driver's car was stolen with her kids inside — and it reveals the complicated reality of juggling gig work and childcare
  + stars: | 2022-12-23 | by ( Gloria Dawson | ) www.businessinsider.com   time to read: +4 min
A DoorDash delivery driver had her car stolen with her infant twins inside. The children were eventually found, but the frightening incident highlighted a reality for many gig workers — their kids come with them on deliveries. It is not uncommon for delivery drivers to bring children along for deliveries, and it is allowed under DoorDash's guidelines. Last year, a DoorDash delivery driver in Georgia had her car stolen with her 1-year-old daughter inside. In San Francisco, a DoorDash driver's car was also stolen with his children inside last year.
☆ Big Tech CEOs are asking employees to step up — or step aside
  + stars: | 2022-12-05 | by ( Jordan Parker Erb | ) www.businessinsider.com   time to read: +5 min
Across the industry, tech CEOs are asking their employees to step up — or step aside. It's not just Elon Musk: Major tech CEOs are asking employees to step up or risk getting fired. After taking over at Twitter, Musk notoriously asked staffers to work "long hours at high intensity" or quit. But other tech CEOs from firms like Meta and Amazon have also been turning up the heat on employees. Here's what more tech CEOs are expecting.
☆ DoorDash cuts 1,250 jobs to control ballooning costs
  + stars: | 2022-11-30 | by ( ) www.reuters.com   time to read: +2 min
Nov 30 (Reuters) - DoorDash Inc (DASH.N) said on Wednesday it was cutting about 1,250 jobs, or 6% of its total workforce, as the food-delivery company looks to keep a lid on costs to cope with a slowdown in demand. As a result, operating expenses grew quickly," Chief Executive Tony Xu said in a memo to employees that was posted on the company's website. "Given how quickly we hired, our operating expenses - if left unabated - would continue to outgrow our revenue." read moreWhile DoorDash's Xu reiterated that the business has been more resilient compared with other e-commerce companies, he said reducing non-headcount operating expenses "wouldn't close the gap." DoorDash, which closed an all-stock deal this year with Wolt, has total headcount of about 20,000.
☆ This startup just hired a former DoorDash exec to bring robotic restaurant delivery to the masses
  + stars: | 2022-11-11 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +6 min
When it comes to amassing a large food-delivery footprint, the startup has hired a ringer in the delivery sector — the former DoorDash executive Prahar Shah. Serve's robots have the potential to be ubiquitous in our everyday lives, he said. This is "very similar to part of the playbook that we ran at DoorDash," Shah said. Most of Serve's restaurant partnerships have been with local restaurants in Los Angeles, such as Bossa Nova and Lala's Grill. As he approaches restaurant chains in his new role, he said most understand the necessity of automation.
☆ DoorDash Analysts Optimistic on the Firm's Grocery and Retail Growth
  + stars: | 2022-11-02 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +5 min
Expanding selection has made DoorDash resilient as restaurant-delivery growth declines and recession worries grip consumers, analysts say. "DoorDash's greater selection, convenience, and value are proving resilient," Andrew Boone, a JMP Securities analyst, said in a note earlier this year. Last month, DoorDash surpassed 75,000 retail stores on its platform, up from 40,000 a year ago. DoorDash opened the first DashMart in 2020, and the convenience stores have grown to 25 locations in cities in the US and Canada. "DoorDash is going to strangle Instacart using their own system," the grocery and supply-chain consultant Brittain Ladd told Insider.
☆ DoorDash is making 7 keys moves to dominate retail and grocery delivery after conquering restaurants — and creating new rivals in Instacart and Gopuff
  + stars: | 2022-10-27 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +12 min
In August 2020, DoorDash launched retail delivery with chains like 7-Eleven and Walgreens. Lately, DoorDash has its sights set on a new prize — dominance in retail and grocery delivery. DoorDash has leaned heavily into grocery, convenience-store, and retail delivery since launching these expanded services in 2020. "We have more retail stores, grocery included, than any other platform in North America today." DoorDashDoubleDashA year after launching grocery delivery, DoorDash introduced DoubleDash.
☆ Sequoia partner Jess Lee reveals 4 do's and don'ts for founders who hope to be selected for the firm's new ultracompetitive accelerator
  + stars: | 2022-09-19 | by ( Ben Bergman | ) www.businessinsider.com   time to read: +5 min
Jess Lee, a Sequoia partner, shared tips for founders hoping to be selected for next year. The firm's first US Arc class is beginning its second week of a seven-week intensive course to help founders hone their startup business plans. It isn't enough to just have a great business idea, Lee said — the idea has to be in a market where there is the possibility of huge disruption and growth. "It's not easy to start a company," Lee said. "At seed and preseed it is so much about the story of who you are and why you had this insight," Lee said.
☆ This DoorDash hack used by local food-delivery couriers is saving restaurants big on delivery fees. Here's how it works.
  + stars: | 2022-09-02 | by ( Nancy Luna | ) www.businessinsider.com   time to read: +8 min
That fee can be passed on to customers to save restaurants money. "The DoorDash self-delivery is a hack," Simmons, whose organization represents 550 local delivery operators in the US, said. And by deploying the self-delivery tactic with apps like Grubhub and DoorDash, restaurants can save even more money, Blum said. Colonel Delivery restaurants partners that use self-delivery can't pass on delivery fees to DashPass customers. But the "hack" is worth looking into if it can save restaurants from paying higher third-party delivery fees, he added.
☆ Gwyneth Paltrow attempts to eat a vagina-scented Goop candle in Super Bowl ad for Uber Eats' expanded retail offerings
  + stars: | 2022-02-12 | by ( Bethany Biron | ) www.businessinsider.com   time to read: +3 min
Uber Eats is announcing expanded consumer goods and convenience offerings in its Super Bowl ad. The ad marks a partnership with Goop and the launch of new retail hubs on the Uber Eats app. "Nearly three million consumers order essentials beyond food each month through Uber Eats," the company wrote in a blog post earlier this week. In tandem with the Super Bowl ad, Uber Eats is also launching themed retail hubs for the Super Bowl and Valentine's Day that feature curated items available for delivery through the app. This will be the second Super Bowl ad for UberEats, following a 2021 spot starring actors Mike Myers and Dana Carvey as their popular "Wayne's World" characters.
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