What's Going On With DoorDash & Dollar General Stock Today?

DoorDash, Inc. DASH shares saw a dip on Tuesday following the announcement of a new collaboration with Dollar General Corporation DG.

This new partnership will bring SNAP/EBT payment capabilities to more than 16,000 Dollar General stores on the DoorDash Marketplace, nearly doubling the number of stores that accept SNAP/EBT payments to over 35,000 across the U.S.

Tony Rogers, SVP and Chief Marketing Officer at Dollar General, highlighted that the partnership serves to further Dollar General’s mission of serving communities and providing more affordable, accessible grocery options.

Fuad Hannon, VP of New Verticals at DoorDash, emphasized that the company’s commitment to combating food insecurity is at the core of its mission.

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The partnership will help bridge gaps for those with health or mobility challenges, ensuring access to fresh, affordable groceries.

Additionally, DoorDash is offering a discounted DashPass plan for SNAP/EBT recipients, providing benefits like $0 delivery fees and exclusive offers for just $4.99/month.

This collaboration helps strengthen DoorDash’s position as one of the largest online marketplaces offering SNAP/EBT payment options for grocery delivery across the country.

Earlier this month, DoorDash joined the S&P Dow Jones Indices.

Last month, the company reported fourth-quarter results, where total orders increased 19% year-over-year to 685 million, and Marketplace GOV increased 21% year-over-year to $21.3 billion.

DoorDash said it expects adjusted EBITDA as a percentage of Marketplace GOV to increase from Q1 to Q2 and again from Q2 to Q3.

According to Benzinga Pro, DASH stock has gained over 43% in the past year. Investors can gain exposure to the stock via Franklin Disruptive Commerce ETF BUYZ.

Price Action: DASH shares are trading lower by 2.22% to $185.64 at last check Tuesday, while DG shares are trading higher by 1.11% to $80.74.

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Photo by Diego Thomazini on Shutterstock.