BAM!: Door Dash shows Pandemic Delivery Demand Still Has Staying Power

DoorDash Inc.’s DASH +21.41% revenue tripled in the first quarter, showing sustained demand for food-delivery services even as coronavirus vaccinations picked up and the nation moved toward reopening.

The San Francisco-based company reported revenue of $1.08 billion for the three months through March, up from $362 million in the same quarter a year earlier, beating Wall Street’s forecast. Analysts polled by FactSet had expected revenue of $994 million. While DoorDash slightly narrowed its loss to $110 million from a loss of $129 million in the same quarter last year, the figure missed analysts’ projections of a $63 million loss. Mr. Adarkar said the company was focused on investing in growth and capitalizing on the shift in consumer behavior in the near term. Bulletproof Moves beyond Dieters Bulletproof coffee, which launched in 2013 with an MCT oils-based coffee drink that purports to stave off hunger and help with weight loss, is trying to move beyond its niche biohacking branding. Since its launch, Bulletproof’s customer base has been made up of folks focused on nutrition and keto dieting, said Bodner. “We want to reach consumers interested in general health and wellness by offering our ingredients in more recipes.” Like other brands, Bulletproof said that during the pandemic, it saw a major sales increase in home brewing products, like Keurig cup and coffee beans, as well as immunity supplements. However, one segment that’s been hit hard is Bulletproof’s individually-wrapped bars. These products, said Bodner, tend to be grab-and-go items. While consumers stocked up on frozen food and multi-serve meals, nutritional bar sales plummeted at the beginning of the pandemic — particularly in March and April 2020 — according to a joint Bernstein and Food Navigator report.