What Reopening Headwinds? DoorDash Nearly Doubles Revenue in Second Quarter
DoorDash (NYSE: DASH) reported second-quarter operating results last week which showed continued growth despite economic reopenings. The delivery company that caters to restaurants nearly doubled revenue from the same quarter last year, when it tripled revenue from the year before that.
The performance went a long way in relieving the investor concern of decreasing ordering on DoorDash when restaurants open for in-person dining. It's one less worry for shareholders, but the battle is not over. DoorDash has a long way to go before it reaches a scale large enough to be profitable on the bottom line.
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Source Fool.com
