Summary Business Overview DoorDash (NYSE:DASH) is a meal delivery service company which offers to serve the needs of three primary groups: merchants, consumers, and workers (“Dashers” as the company calls them). The company has over 32 million users and over 15 million memberships of its subscription services: DashPass and Wolt+. On the merchant end, DoorDash has …
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DoorDash Q1 earnings: Delivery platform grows revenue 40% compared to a year ago
DoorDash said Thursday that its revenue increased 40% year-over-year in the first quarter of this year, showing there’s continued consumer appetite for its core food-and-goods delivery model beyond COVID-19 highs. The San Francisco-based company reported revenue of $2.04 billion, compared to the $1.46 billion it reported for the first quarter of 2022. The strong quarter …
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Chomp Delivery Co-Op Celebrates Fifth Anniversary
Chomp, an Iowa-based delivery provider that’s primarily owned by area restaurants, is celebrating its fifth anniversary in its Iowa City, Coralville and North Liberty markets. One of a handful of delivery cooperatives across the country, Chomp Delivery was conceived of in the summer of 2017, a few months after Grubhub bought OrderUp. The company said, …
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dlivrd Reaches 100 Markets Served Across the United States and Canada
HORSHAM, PA / ACCESSWIRE / March 10, 2023 / dlivrd, an international white-label delivery service provider, has officially expanded operations to 100 markets across the United States and Canada. The new markets as of March 6, 2023, are Syracuse, NY; Rochester, NY; Greenville, SC; Port St. Lucie, FL, and Lawrence, MA. “It has been an incredible …
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Olo Has Passed Its Easy Growth Cycle
Summary Olo Inc. (NYSE:OLO) offers restaurant brands the ability to leverage on-demand digital commerce solutions, ranging from digital ordering and delivery to front-of-house management and payments. With an open SaaS platform consisting of 14 modules, including the widely used OLO ordering module, rails module, and dispatch module, OLO provides comprehensive support for restaurant operations. However, like …
State of Restaurant Industry Reports $997B in Sales, Tech Adoption Up
Foodservice industry sales are to reach $997 billion in 2023, according to the “2023 State of the Restaurant Industry Report” by the National Restaurant Association. That’s up $60 billion from last year’s report, driven in-part by higher menu prices and increased demand. The annual survey highlights several “pandemic pivots” that have become permanent, including the expansion …
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Just Eat Takeaway loss widens on massive Grubhub impairment
Just Eat Takeaway.com NV on Wednesday reported a widened loss for 2022, due to a huge impairment of its Grubhub acquisition, but it growth in 2023. The former FTSE 100 stock was down 6.0% at 1,701.00 pence each on Wednesday morning in London. The food delivery app said revenue was up 4.3% to EUR5.56 billion …
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As demand for Domino’s, Papa John’s slips, independent pizzerias aren’t seeing ‘softness in pizza’: Slice CEO
‘We’re not seeing softness in pizza,’ Slice CEO says and how you were able to sort of corral all this data together. Americans love their local pizza shops and aren’t pulling back amid inflation, per the CEO of Slice, a company that aims to “modernize” independent pizzerias by providing tech and delivery services. “It’s fascinating to …
Olo Increases Revenue as Net Loss Widens
Olo’s third-quarter financial results brought a mixed bag of milestones for the New York-based delivery integration provider. Total revenues increased 26 percent year-over-year to $47.3 million, but its net loss was $14.6 million, which compares to a net loss of $11.3 million (or $0.08 per share) a year ago. Its results highlighted a total of …
Domino’s Plunges Most on Record as Customers Shun Price Hikes
Domino’s Plunges Most on Record as Customers Shun Price Hikes (Bloomberg) — Shares of Domino’s Pizza Enterprises Ltd. plummeted the most on record in Sydney after the pizza chain operator said its first-half earnings fell as customers spurned price increases meant to offset inflationary pressures. The stock tanked 24% on Wednesday after the Australia-based company …
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