DoorDash Gives Rosy Outlook as Delivery Orders Hit Record

DoorDash Inc., the largest food delivery service in the US, issued an outlook for orders in the third quarter that surpassed Wall Street’s expectations, a sign that demand for its services remains resilient despite broader concerns about consumer spending.

The company sees gross order value for the three months ending September in the range of $24.2 billion to $24.7 billion, exceeding the average Bloomberg-compiled estimate of $23.8 billion.