DoorDash shares rise on strong delivery demand forecast
DoorDash shares rose 11 percent on a strong quarterly forecast for delivery demand. The firm reported record grocery growth despite higher fuel costs.
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DOORDASH INC shares rose 11% in overnight trading after the company issued a strong second-quarter forecast for total order value. The delivery platform is expanding its grocery footprint through new retail partnerships in the United States and Canada. Steady demand for convenience services suggests consumer spending remains resilient despite elevated fuel costs.
