![]() ![]() Our partnership with DoorDash allows us to provide our customers with another convenient way to enjoy Starbucks wherever they are, said Brooke O’Berry, Starbucks senior vice president of digital experiences. “As customer behaviors evolve, we continue to innovate the Starbucks Experience to connect with them through meaningful and valuable digital experiences. ![]() Through the partnership and as the largest local commerce platform in the country, DoorDash provides a delivery platform to enable increased, convenient access to Starbucks nationwide. This expansion follows on the heels of positive feedback from a successful pilot in Atlanta, Houston, and Sacramento, and additional market expansion in Seattle, Portland, and New York City last year. Starbucks delivery with DoorDash will expand to additional markets over the coming months, with full nationwide availability anticipated in all 50 states by March 2023. (NYSE: DASH) announced the expansion of their partnership with new delivery service launching today in Northern California, Texas, Georgia, Florida and other select markets. SEATTLE & SAN FRANCISCO - Starbucks Coffee Company (NASDAQ: SBUX) and DoorDash, Inc. “There’s a lot of work and the roadmap ahead is quite lengthy.Northern California, Texas, Georgia, Florida, and other select markets launch service today, with store coverage expected in all 50 states by March 2023. Customer expectations tend to only go in one direction when it comes to something like delivery, whether that’s with food or other types of items,” he said. “I think the world only tends to want to go faster. But he said he remains confident in the company's long-term plans. In a letter to investors Wednesday, DoorDash Co-Founder and CEO Tony Xu said the company may continue to post losses as it invests in new delivery partnerships, international markets and advertising. The results reported Wednesday didn’t include Wolt’s contribution. Inukonda said that higher-than-expected loss was due to the cost of absorbing employees from Wolt Enterprises, the Finnish delivery service DoorDash acquired in the second quarter of 2022. The company lost 44 cents per share, which was higher than the 41 cent per-share loss Wall Street forecast, according to FactSet. DoorDash offered summer deals to its DashPass customers and worked to gain share overseas.ĭoorDash narrowed its net loss to $172 million in the second quarter, from a loss of $263 million in the same period a year ago. Research and development costs were up 30% for the quarter, while marketing costs rose 12%. Still, DoorDash _ which has never earned an annual profit _ continues to invest heavily in other areas. And a newly launched system that lets drivers choose whether to make an hourly rate or be paid by delivery could also help retain drivers. Inukonda said college students are helping boost the company's driver ranks in the summer. The company spent less than it expected on acquiring and retaining delivery drivers. And the company said improved logistics are helping driver efficiency. Inukonda said innovation _ including making it easier for customers to search for products on the DoorDash app _ is another reason the company continues to gain market share in all the markets in which it operates. The company won’t reveal how many DashPass subscribers it currently has, but said it had 15 million at the end of last year. That’s what’s driving growth in the business.”ĭashPass subscribers _ who get most deliveries free for a $9.99 monthly fee _ rose to a new high during the quarter, Inukonda said. “This is a small treat that still delights people. “We have become more of a utility and habit,” Inukonda said. ![]() The company delivered more than 200,000 flower orders during Mother's Day week. Deliveries from sporting goods stores, pet stores and florists are also driving growth. The 10-year-old company still delivers primarily from restaurants, but added grocery delivery in 2020 and convenience store delivery in 2021. DoorDash Chief Financial Officer Ravi Inukonda said the company is continuing to see growth in users and those customers are ordering more frequently. ![]()
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