Follow DoorDash to never miss an important update.
DoorDash has signed a multiyear deal to become the official delivery and pickup partner for the National Hockey League. The agreement gives the company exclusive marketing rights and the ability to use league branding across North America.
This is a smart move to keep the brand front-of-mind during peak ordering times like game nights. By securing these rights, DoorDash makes it harder for rivals like Uber Eats to capture that specific audience, helping to protect its lead in the food delivery market. It also supports the company's push to grow in Canada, where hockey has a particularly deep reach.
Source: Business Wire
DoorDash has added Costco to its marketplace, allowing customers across the U.S. to order same-day delivery from the warehouse club. This expansion follows a smaller pilot program and makes Costco's bulk goods available directly through the DoorDash app.
This is a major win for DoorDash's goal of becoming more than just a food delivery app. Adding a massive retailer like Costco helps the company compete directly with Instacart and encourages users to open the app for weekly grocery runs, not just occasional takeout. More frequent, larger orders like these are key to making the delivery network more profitable over time.
DoorDash is putting 125 million dollars into Wonder, a company that runs high-tech kitchens designed to cook food from famous restaurants for delivery. This investment is part of a larger deal where DoorDash also bought a campus dining business from the same firm.
By backing Wonder, DoorDash is securing a closer tie to a unique source of food that its rivals do not have. If Wonder can successfully scale its model of high-quality, delivery-first kitchens, it could help DoorDash keep customers on its app by offering exclusive meals they cannot find on other platforms.
DoorDash is acquiring the campus dining arm of Grubhub from its owner, Wonder. This business, formerly known as Tapingo, allows millions of students to order food from dining halls and on-campus restaurants. DoorDash is also making a long-term investment in Wonder as part of the deal.
This move helps DoorDash lock in younger customers early. By becoming the primary way students order food on campus, the company can build brand loyalty that often lasts after graduation. It also adds a steady stream of orders from a dense, high-traffic environment where delivery logistics are efficient.
Source: Business Wire
Windsor is expanding its partnership with the platform after a small test run in Texas earlier this summer. Customers in parts of Georgia and Nevada can now get clothes delivered to their door in under an hour. This is another step in the company's plan to move beyond restaurant orders and become a general delivery service for all local shopping. While one fashion brand won't change the bottom line alone, adding more retail categories helps keep delivery drivers busy during the hours between lunch and dinner.
Source: Business Wire
Management has a choppy record of hitting its targets lately, with misses in three of the last four quarters. This suggests the business is becoming harder for them to forecast as they expand into new categories.
| Expectation | |
|---|---|
| EPS | $0.82 |
| Revenue | $4.56B |