DoorDash (DASH) stock fell in premarket on Friday after reporting fourth-quarter results on Thursday, which beat Wall Street's earnings expectations, but gave shareholders a lot of hope for delivery companies. It warned that it would have to absorb some of the added regulatory costs. First quarter of 2024.
Steven Fox, founder and CEO of Fox Advisors, joins Yahoo Finance to discuss the company's performance, message to shareholders, and business outlook.
Commenting on the expansion, Fox said: “They also bring greater expertise to the market when it comes to managing restaurant delivery logistics and micrologistics, particularly with the acquisition with Wolt. Plus, we don't do that.'' Grocery stores, convenience stores, those areas are doing very well, but they need investment. We think core profitability has probably taken a hit. That's 400 basis points compared to the 4-5% incremental return you'd get on investment alone. They are going to invest a lot of money and have a proven track record. . ”
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Editor's note: This article was written by Nicholas Jacobino
