The Business Times
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Instacart

Telcos, Media & Tech

Instacart to pay US$60 million to settle FTC claims it deceived shoppers

The FTC is taking on the issue of Instacart’s use of technology to set prices at a time when the high cost of living in the US has been a top daily concern for Americans.
Telcos, Media & Tech

US FTC probes Instacart’s AI pricing tool, source says; shares drop

For the current quarter, Instacart sees gross transaction value in the range of US$9 billion to US$9.15 billion, exceeding the consensus estimate of US$8.96 billion.
Companies & Markets

Instacart posts strongest order growth since 2022, beats earnings estimates

Instacart expects core profit for its second quarter to be between US$240 million and US$250 million, above analysts’ estimate of US$237.2 million, according to data compiled by LSEG.
Companies & Markets

Instacart forecasts upbeat quarterly core profit on online grocery delivery demand

Instacart, formally known as Maplebear, said its average order value (AOV) during the fourth quarter dipped 1 per cent after being up in the past four quarters.
Companies & Markets

Instacart forecasts downbeat first-quarter core profit, shares fall

The company has in the past year explored various ways to drive growth, including partnering with Uber Technologies to offer restaurant delivery on Instacart.
Startups

Instacart gives mixed outlook despite resilient grocery demand

Instacart’s results come on the heels of big earnings beats by other delivery companies in recent days.
Startups

Instacart posts sales beat, issues strong earnings outlook

In addition to the cuts, three company executives are leaving the company, each for personal reasons, the spokesperson says.
Startups

Instacart cuts 250 jobs in push for higher-margin businesses

The grocery delivery firm, whose stock has lost more than a third of its value since its debut, also announced a US$500 million share repurchase programme.
Startups

Instacart sees upbeat core profit on higher transaction, ad fees

At least half of Instacart’s 20 IPO underwriters have initiated coverage with their top ratings after the quiet period ended.
Consumer & Healthcare

Instacart IPO banks tout e-grocery shopping potential, but challenges loom

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