DoorDash And Walgreens Launch Unprecedented Access For SNAP Customers; DashPass Members Save $5 Per Eligible Order On Average
Portfolio Pulse from Benzinga Newsdesk
DoorDash (NASDAQ:DASH) and Walgreens (NASDAQ:WBA) announced a collaboration to offer SNAP/EBT payment options at nearly 7,800 Walgreens stores nationwide, making DoorDash the first platform to enable such transactions. This partnership aims to expand food access to over 40 million people in communities with significant SNAP/EBT reliance. DoorDash users can now order over 4,000 SNAP-eligible products from Walgreens for delivery, with DashPass members enjoying additional savings. This initiative marks a significant expansion of DoorDash's offerings to SNAP/EBT recipients, furthering its commitment to increasing food accessibility.
April 24, 2024 | 1:08 pm
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POSITIVE IMPACT
DoorDash's partnership with Walgreens to accept SNAP/EBT payments significantly expands its market, potentially increasing its user base and transaction volume.
By becoming the first platform to offer SNAP/EBT payments at a major drugstore chain, DoorDash is likely to attract new users and increase order volume, especially among SNAP recipients. This expansion into essential goods delivery could also enhance customer loyalty and frequency of orders.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Walgreens' collaboration with DoorDash to offer SNAP/EBT payments for delivery services could drive higher sales volume and attract a broader customer base.
Accepting SNAP/EBT payments through DoorDash allows Walgreens to tap into a new customer segment, potentially increasing sales of SNAP-eligible products. This move could also enhance Walgreens' reputation as a convenient and accessible health and wellness destination.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80