Latest news with #DoorDashMarketplace
Yahoo
5 days ago
- Business
- Yahoo
Dollar General sees strong Q1 sales and EPS, and raises FY25 guidance
US discount store chain Dollar General has recorded $10.4bn in net sales in the first quarter (Q1) of the fiscal year 2025 (FY25), ending on 2 May 2025 - a 5.3% increase from the corresponding quarter of the previous fiscal year. The growth was attributed to new stores and a 2.4% rise in same-store sales, despite some store closures. The company also saw a 5.5% increase in operating profit, amounting to $576.1m. Gross profit as a percentage of net sales improved, rising from 30.2% to 31% year-on-year - a 78 basis point increase. This was primarily due to lower shrink and higher inventory markups, although increased markdowns partially offset these gains. The company's net income for the quarter stood at $391.9m - a 7.9% increase from the previous year's $363.3m. Diluted earnings per share (EPS) also grew 7.9% to $1.78. Selling, general and administrative expenses (SG&A) rose by 77 basis points to 25.4% of net sales, with retail labour, incentive compensation, and repairs and maintenance the main contributors to the increase. Merchandise inventories at the end of the quarter were valued at $6.6bn, a 7% decrease on an average per-store basis compared to the previous year. Capital expenditures for the quarter totalled $291m, with significant investments in store improvements, new store facilities, distribution, transportation and technology upgrades. Dollar General CEO Todd Vasos stated: 'Our efforts to improve execution and enhance the associate and customer experience are yielding positive outcomes in both our operational performance and our financial results.' 'These efforts contributed to market share gains in sales of both consumables and non-consumables, and drove growth with both our core customer and trade-in customers during the quarter." Amidst the uncertainty of tariffs and their potential impact on consumer behaviour and business costs, Dollar General has updated its fiscal year 2025 guidance. The company now anticipates net sales growth between 3.7% and 4.7%, with same-store sales expected to increase by 1.5% to 2.5%. The diluted EPS forecast is set at approximately $5.20 to $5.80, assuming an effective tax rate of around 23.5%. No share repurchases are planned for the fiscal year 2025, and capital expenditures are projected to be between $1.3bn and $1.4bn. The company also plans to carry out 4,885 real estate projects, including opening new stores in the US and Mexico, and remodel existing stores through two major projects. In March 2025, Dollar General partnered DoorDash to integrate Supplemental Nutrition Assistance Program/Electronic Benefits Transfer payment options at 16,000 locations through DoorDash Marketplace. "Dollar General sees strong Q1 sales and EPS, and raises FY25 guidance" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
27-04-2025
- Business
- Yahoo
Domino's® and DoorDash Announce Partnership: World's Largest Pizza Company to Join Largest Local Commerce Platform in North America
Orders on DoorDash's Marketplace will be delivered by Domino's drivers Partnership Highlights: Domino's Joins DoorDash Marketplace: Nationwide U.S. launch beginning in May 2025, expanding to Canada later in 2025 Seamless Integration with Self-Delivery: Domino's drivers fulfill orders while tapping into DoorDash's leading local commerce platform for new customer reach ANN ARBOR, Mich. and SAN FRANCISCO, April 2, 2025 /PRNewswire/ -- Domino's Pizza Inc. (Nasdaq: DPZ), the largest pizza company in the world, has entered into a partnership with DoorDash (Nasdaq: DASH), the leading local commerce platform in North America.1 The partnership will allow Domino's to reach new customers through DoorDash Marketplace, while continuing delivery service by Domino's drivers. A pilot is currently underway in select locations, with a planned nationwide U.S. launch beginning in May 2025 and across Canada later in 2025. "As brands that are both dedicated to digital ordering excellence, our new partnership with DoorDash brings together the scale of our two industry-leading companies, as we continue to build towards the $1 billion opportunity that we believe the aggregator marketplace represents for us," said Joe Jordan, Domino's chief operating officer and president – U.S. "The ability to connect seamlessly with DoorDash customers means more sales for Domino's stores, while efficiently leveraging our brand's robust delivery network. Tapping into incremental customers, particularly in suburban and rural markets, is a meaningful opportunity for Domino's, as our brand continues to open stores nationwide." "DoorDash is excited to welcome Domino's to our Marketplace across the U.S. and Canada. Domino's chose DoorDash for our unmatched scale and reach, helping them serve millions of customers and drive incremental sales," said Prabir Adarkar, president and chief operating officer of DoorDash. "By joining forces, we're bringing customers a new choice in the rapidly growing pizza category." A top-tier delivery and digital experience is core to both companies' DNA. DoorDash users will be able to order from their local Domino's store through the DoorDash app, with seamless GPS tracking fully integrated to monitor their delivery progress by a uniformed Domino's driver. Domino's orders will be available to subscribers of DashPass, DoorDash's subscription program, which offers unlimited $0 delivery fees and reduced service fees on orders over $12.2 Domino's loyalty program, Domino's Rewards, will only be offered on Domino's e-commerce platforms. About Domino's Pizza®Founded in 1960, Domino's Pizza is the largest pizza company in the world, with a significant business in both delivery and carryout. It ranks among the world's top public restaurant brands with a global enterprise of more than 21,300 stores in over 90 markets. Domino's had global retail sales of over $19.1 billion in 2024. Its system is comprised of independent franchise owners who accounted for 99% of Domino's stores as of the end of the fourth quarter of 2024. In the U.S., Domino's generated more than 85% of U.S. retail sales in 2024 via digital channels and has developed many innovative ordering platforms. Order – Info – Assets – About DoorDashDoorDash (NASDAQ: DASH) is a technology company that connects consumers with their favorite local businesses in more than 30 countries across the globe. Founded in 2013, DoorDash builds products and services to help businesses innovate, grow, and reach more customers. DoorDash is your door to more: the local commerce platform dedicated to enabling merchants to thrive in the convenience economy, giving consumers access to more of their communities, and providing work that empowers. Forward-Looking StatementsThis communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events, and such statements in this communication include, but are not limited to, expectations regarding the opportunity and expected benefits of the Domino's and DoorDash partnership and the expected plans for the launch and expansion of such partnership. Expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. For information on potential risks and uncertainties that could cause actual results to differ from any results predicted, please see Domino's Annual Report on Form 10-K for the fiscal year ended December 29, 2024 and DoorDash's Annual Report on Form 10-K for the year ended December 31, 2024, each filed with the Securities and Exchange Commission. 1 Based on total delivery GOV in 2024 2 *DashPass benefits apply only to eligible orders that meet the minimum subtotal requirement listed on DoorDash for each participating merchant. Other fees (including service fee), taxes, and gratuity still apply. After signing up for DashPass, you will be charged the then-current renewal price (plus applicable taxes) automatically on a recurring basis until you cancel. DashPass terms (including how to cancel) here. View original content to download multimedia: SOURCE Domino's Pizza Sign in to access your portfolio
Yahoo
15-04-2025
- Business
- Yahoo
Schnucks grocery stores now offer on-demand delivery via DoorDash partnership
ROCKFORD, Ill. (WTVO) — Schnucks announced a partnership with DoorDash to enable on-demand delivery of groceries. The company also said it would accept SNAP/EBT payments on the DoorDash Marketplace. 'Consumers look to DoorDash to shop fresh, affordable groceries on-demand,' said Mike Goldblatt, VP of Grocery & Retail Partnerships. 'We're thrilled to welcome this beloved, family-owned grocer with over 100 stores to DoorDash. Through online grocery delivery, we're also proud to further food access to SNAP beneficiaries to stock up on meats, essentials, and produce to feed their families while discovering the best local businesses in their neighborhoods.' All Schnucks stores are also available on DashPass, DoorDash's membership program that offers $0 delivery fees. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
24-03-2025
- Business
- Yahoo
DoorDash enters payments partnership with Klarna
Commerce platform DoorDash has collaborated with Klarna, a company specialising in buy now, pay later (BNPL) services, to provide the latter's payment options to its customers. The payments option will be available on and through the DoorDash app. In the upcoming months, DoorDash customers can access Klarna's payment solutions when buying retail items or subscribing to the DashPass Annual Plan. Klarna will be listed as a payment alternative at checkout, allowing users to select from various payment methods. Klarna's payment options include 'Pay in Full', where customers can settle their purchases immediately, 'Pay in 4', which divides the payment into four equal, interest-free instalments, and 'Pay Later', which enables customers to postpone payment. This integration is expected to provide DoorDash customers in the US with an array of choices for managing payments. The service will be available for a diverse selection of items on the DoorDash Marketplace. Klarna chief commercial officer David Sykes said: 'Our partnership with DoorDash marks an important milestone in Klarna's expansion into everyday spending categories. By offering smarter, more flexible payment solutions for groceries, takeout, and retail essentials, we're making convenience even more accessible for millions of Americans.' DoorDash money products head Anand Subbarayan stated: As we expand DoorDash's offerings—from groceries and beauty to electronics and gifts—flexible payment options are essential to meeting our customers' needs. We're excited to partner with Klarna to enhance the convenience we offer, including flexible payment options for our DashPass Annual Plan, the most affordable way to order on DoorDash with added streaming and ride benefits at no extra cost.' This month, DoorDash announced the availability of SNAP/EBT payment options for purchases made at Dollar General through the DoorDash Marketplace. "DoorDash enters payments partnership with Klarna " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
