Nyse dash drivers#

Still when times are tight, this seems like an obvious place to cut back spending on. Many might not realize the actual premium it is costing them for this convenience, and for many the price might be worth it. We’ll have to see if consumers cut back on using third-party delivery services if there is a recession. Casual chain restaurants third-party price premiums were more modest at 11%.īetween delivery service fees and menu price premiums, ordering third party delivery can increase the bill by up to 50%. The quick-service industry had the highest price premium at 26% on average, led by 30% price premiums at Chipotle ( CMG) and Chick-fil-A. Meanwhile, according to a study by Gordon Haskett Research Advisors, across 25 popular restaurant brands, the average menu price premium on third party apps was 20% higher than dine-in menu prices. CNET broke down the cost of using delivery services earlier this year, although did not include any differences there might be between menu costs. With food delivery services tacking on anywhere from 15-30% for each order, and restaurants often charging higher prices than their in-store menus, it is a bit surprising how orders for food delivery continue to surge in an environment where the consumer in pinching pennies in some areas. The company said based on third-party data that it also appears to have gained share in the U.S. DASH, which holds the #1 market share in the restaurant delivery business in the U.S., saw its orders accelerate slightly compared to Q4, as retention improved and order frequency reached an all time higher. However, it quickly resumed its upward path the following week.ĭespite some signs of consumer weakness in the economy, that did not slow people down from ordering food via third-party delivery in Q1.

While the company reported better-than-expected results and raised guidance in early May, the stock did not initially react, up less than 1% the next trading session. Price SurgeĭASH’s stock has been on a steady upward climb since late April, ahead of its Q1 earnings report. It also offer services to merchants to set up white-label delivery services through their own apps and websites using the DASH platform and not having to invest in in-house engineers of logistics. Frequent uses can sign up for DASH’s membership programs to reduce delivery and service fees.ĭASH operates its namesake marketplace in 4 countries, and the Wolt marketplace in 23 countries. Consumers will generally place orders for delivery from participating merchants on its app or website.

Nyse dash drivers#

Company ProfileĪs a quick reminder, DASH is a third-party logistics platform that connects merchants, consumers, and independent delivery drivers so that consumers can get things such as food from restaurants delivered to their house or other locations in a matter of hours. Back in March, I wrote that DoorDash ( NYSE: DASH) looked overvalued as growth was starting to slow.