DoorDash Q3 Earnings Preview: Can the Food Delivery Company Keep up With Demand?
DoorDash (NYSE: DASH) started as a food delivery company and is now moving into delivering other goods. At the pandemic's onset, the company caught a tailwind as millions of folks looked to avoid leaving their homes. But as the economy now reopens, some investors worry that DoorDash could experience a significant drop-off in orders and revenue.
So far, that scenario is not playing out. Instead, DoorDash's more difficult challenge has been fulfilling the increasing demand from customers. The company is experiencing a shortage of drivers willing to make deliveries, and it may need to raise wages and incentives to attract more people. Investors will want to tune in to the company's third-quarter earnings release on Nov. 9 to see what management says.
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Source Fool.com
