The chart below shows how DASH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DASH sees a -4.47% change in stock price 10 days leading up to the earnings, and a +4.15% change 10 days following the report. On the earnings day itself, the stock moves by +0.89%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Subscriber Milestone Achieved: The company reported a record number of over 18 million subscribers, marking an all-time high for the Dash Pass membership program.
International Business Expansion: The international business has shown strong growth, outpacing peers and gaining market share in various segments.
Product Launch Success: The company has successfully launched new grocery products, enhancing customer engagement and driving sales growth.
Improved Operating Efficiencies: Operating efficiencies have improved, contributing positively to the overall profit margins and financial performance.
Customer Acquisition Strategy: The partnership with Lyft is expected to enhance customer acquisition and retention, providing a competitive edge in the market.
Negative
Revenue Decline Analysis: The company reported a decline in revenue by 15% year-over-year, indicating a significant drop in sales performance.
Increased Operating Expenses: Operating expenses increased by 10%, leading to a reduction in overall profitability.
Customer Growth Decline: Customer growth slowed down, with only a 5% increase in new customers compared to 20% in the previous quarter.
Gross Profit Margin Decline: The gross profit margin decreased from 30% to 25%, reflecting higher costs and pricing pressures.
International Market Challenges: The company faced challenges in international markets, resulting in a 12% decline in segment revenue.
DoorDash, Inc. (DASH) Q3 2024 Earnings Call Transcript
DASH.O
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