DoorDash Adds SNAP Payment Support; Earnings Report Incoming

Quick overview

DoorDash (DASH) rolled out new options for payment that include SNAP and EBT cards just days ahead of their quarterly earnings report that could help them right their underperforming stock.

On Wednesday, DoorDash will report earnings for the most recent quarter, and investors are hoping that they will turn their stock around. Since January of this year, the company’s stock has fallen by about 24%.

DoorDash reported revenue for the last 12 months of $14 billion, and their net income was $935 million. Their Wednesday earnings report will show if they were able to meet Wall Street expectations and grow by 15.5% for the quarter. If so, then their stock could drastically improve.

DoorDash SNAP Update Could Turn Things Around

This month, DoorDash announced it would expand its SNAP and EBT payment options further than it previously had. They are growing this program to add 2,700 Kroger stores throughout the United States. This allows them to reach more customers at a time when Americans are concerned about the viability of their EBT cards.

There are fears that the EBT program will be changed so much that users will need to drastically alter their diets and work habits. The program is undergoing severe change in 2026 that will deviate from what EBT and SNAP users are used to. The work requirements are changing, limiting who can use the program. The kind of foods that can be purchased with this program is changing as well.

While the changes to the program have become politicalized, DoorDash is adding more support for EBT users, and that could endear them to their customers at this time. DoorDash customers can use their EBT cards for online grocery delivery, and the changes that DoorDash is implementing are set to include more than just Kroger stores.

They are also expanding the program to Ralphs, Fred Meyer, Mariano’s, and more so that customers can purchase all their eligible groceries through the service. Will that be enough to help their stock change course? DASH stock is currently down 3.25% for the day, and their earnings call is set for less than 24 hours from the time of publication. Investors appear to be expecting disappointment, but DASH stock may surprise them if Wall Street expectations are to be believed.

ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.

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