Reported 24 days ago
DoorDash anticipates a strong third quarter, projecting gross merchandise value to exceed Wall Street expectations due to high demand for food and grocery deliveries. The company reported a 23% increase in gross merchandise value to $24.2 billion in Q2, surpassing estimates and reflecting consumers' interest in value-based offers. With its shares rising nearly 5% following positive revenue and profit figures, DoorDash continues to diversify its delivery options beyond food, enhancing its market position amid economic challenges.
Source: YAHOO