Demand for grocery delivery cools with consumers wary of cost, quality [Fortune]
DoorDash, Inc. (DASH)
Company Research
Source: Fortune
Karen Raschke, a retired attorney in New York, started getting her groceries delivered early in the pandemic. Each delivery cost $30 in fees and tips, but it was worth it to avoid the store.Then earlier this spring, Raschke learned her rent was increasing by $617 per month. Delivery was one of the first things she cut from her budget. Now, the 75-year-old walks four blocks to the grocery several times a week. She only uses delivery on rare occasions, like a recent heat wave.“To do it every week is not sustainable,” she said.Raschke isn’t alone. U.S. demand for grocery delivery is cooling as prices for food and other necessities rise. Some are shifting to pickup — a less expensive alternative where shoppers pull up curbside or go into the store to collect their already-bagged groceries — while others say they’re comfortable doing the shopping themselves.Grocery delivery saw tremendous growth during the first year of the pandemic. In August 2019 — a typical pre-pandemic month — American
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News
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- DoorDash Available at Wakefern Food Corp. BannersBusiness Wire
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- AIR MILES makes national-level investments to allow Canadians to shop and earn Miles the way they want on groceries and more [Yahoo! Finance]Yahoo! Finance
DASH
Earnings
- 2/15/24 - Miss
DASH
Sec Filings
- 4/19/24 - Form 8-K
- 4/18/24 - Form 4
- 4/16/24 - Form 144
- DASH's page on the SEC website