DoorDash Inc., the largest food delivery service in the US, issued an outlook for orders in the first quarter that surpassed Wall Street’s expectations, serving as yet another sign that consumer demand remains resilient.
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The company reported fourth-quarter gross order value of $21.3 billion, far surpassing analyst estimates of $20.9 billion. That metric is expected to total $22.6 billion to $23 billion in the current period, also beating expectations, the San Francisco-based firm said in a statement Tuesday. In the July-to-September quarter, DoorDash hit its first operating profit since 2020, and investors are likely to be eyeing the company’s profitability closely.
In recent months, DoorDash has included more regional grocers, a wider range of products such as CBD beverages and gummies, and additional retailers including Home Depot Inc. on its platform.
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