The popular food delivery company saw its sales jumping through the roof
For Q4 2020, the company posted revenues of $970 million, representing a 226% increase compared to the same period the previous year, while the figures topped the $938 million expected.
Prabir Adarkar, CFO DoorDash, believes that a 27.7% increase in weekly order volumes is possible in 2021, as more markets have already started to loosen their COVID-19-related restrictions.
For the current quarter, DoorDash expects the adjusted earnings to be between $0-$45 million, while for the full 2021 is seen at a high of $200 million.
About DoorDash IPO
DoorDash started trading on the New York Stock Exchange in December, ending the day having a market cap of $60.2 billion.
Sources: finance.yahoo.com, cnbc.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.