DoorDash Expands Commerce with Shopify and Hungry Howie's Deals
DoorDash has entered two new partnerships: a native integration with Shopify for US brick-and-mortar retailers, and a broad digital ordering and loyalty deal with Hungry Howie's. The announcements come as shares trade at $189.02, down 14% YTD.
Key Numbers
DoorDash (NYSE: DASH) announced two strategic partnerships aimed at expanding its commerce footprint. The first is a native integration with Shopify to provide delivery services for US brick-and-mortar merchants. The second is a comprehensive partnership with pizza chain Hungry Howie's covering digital ordering and loyalty programs.
Shopify Partnership Details
Under the agreement, Shopify merchants can integrate DoorDash delivery directly into their sales channels, enabling physical stores to offer delivery without complex integrations.
Hungry Howie's Partnership
The deal with Hungry Howie's, which operates over 550 locations in the US, includes full integration of the digital ordering platform with DoorDash, plus a co-branded loyalty program.
Stock Performance
The announcement comes as DoorDash shares trade at $189.02, up 8.97% over the past 30 days but down 14% year-to-date. The three-year total shareholder return stands at 124.20%, contrasting with a negative one-year return.
What This Means for Investors
These partnerships reflect DoorDash's efforts to diversify revenue streams beyond traditional restaurant delivery. However, stock performance remains influenced by broader market factors.
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