DoorDash Stock Soars in 2025 Following New Domino’s Pizza Partnership – Price Impact Revealed
Discover how DoorDash's 2025 stock surge is fueled by its strategic alliance with Domino’s Pizza, expanding delivery options across the U.S. and Canada.
Highlights of the Partnership
- DoorDash teams up with Domino’s Pizza to offer seamless pizza delivery via the DoorDash app nationwide.
- Starting May 2024, U.S. customers can order Domino’s pizzas through DoorDash, with Canadian availability expected later this year.
- Domino’s exclusive delivery agreement with Uber Eats ends May 1, opening new opportunities with DoorDash.
DoorDash (DASH) experienced a significant stock boost in mid-2024 following the announcement of a new collaboration with Domino’s Pizza (DPZ). This partnership enables DoorDash users across the United States to conveniently order Domino’s menu items starting in May, with plans to extend service to Canada later in 2024.
Expanding Reach to Suburban and Rural Markets
Domino’s COO Joe Jordan emphasized the strategic advantage of this partnership: "Connecting directly with DoorDash’s customer base enhances sales potential for Domino’s stores and optimizes our extensive delivery network. Targeting suburban and rural customers represents a vital growth avenue as we continue expanding our store footprint nationwide."
During Domino’s February 2024 earnings call, CEO Russell Weiner highlighted that Uber Eats accounted for approximately 3% of the company’s $19.12 billion sales forecast for the year. Jordan reiterated Domino’s confidence that third-party platforms like DoorDash could generate up to $1 billion in annual sales moving forward.
Following the announcement, DoorDash shares surged over 5%, marking one of the top gains in the S&P 500, while Domino’s stock increased by about 1%.
Discover the latest news and current events in Markets News as of 16-09-2024. The article titled " DoorDash Stock Soars in 2025 Following New Domino’s Pizza Partnership – Price Impact Revealed " provides you with the most relevant and reliable information in the Markets News field. Each news piece is thoroughly analyzed to deliver valuable insights to our readers.
The information in " DoorDash Stock Soars in 2025 Following New Domino’s Pizza Partnership – Price Impact Revealed " helps you make better-informed decisions within the Markets News category. Our news articles are continuously updated and adhere to journalistic standards.