1806 ET - Shares of DoorDash are getting a boost as oil prices slide, soothing investor concerns over a prolonged hit to the food delivery company's margins. DoorDash last month forecast a gross cost of more than $50 million in the second quarter from a program to help its delivery drivers offset rising gas prices. "It's a big impact," Mizuho analyst Lloyd Walmsley says in an interview. Some investors feared DoorDash would continue the gas relief program into the second half of the fiscal year, further denting the company's profitability as it invests heavily in a tech replatforming initiative, autonomous delivery and point of sale improvements, Walmsley says. "It's been a tough year for DoorDash even outside of the fuel stuff," he says. "Investor sentiment has been pretty negative." The stock closed up 12%, marking its largest percent increase since April 2025.(kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

June 15, 2026 18:06 ET (22:06 GMT)

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