FILE PHOTO: A Doordash delivery bag is seen in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly
(Reuters) - DoorDash Inc raised its annual core profit forecast after beating quarterly revenue estimates on Thursday, helped by rising orders for food, groceries and convenience items even as consumer wallets remained pressured due to high inflation.
DoorDash and its competitors such as UberEats have gained from a pandemic-driven trend of consumers ordering from the comfort of their homes that has continued to thrive as the companies offer deals and free deliveries with membership passes.
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