The Business Times

Instacart

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

Getir also expanded to the US and Western Europe, only to retreat earlier this year from several countries in Europe
Global Enterprise

Billionaires who rode online delivery boom watch fortunes vanish

Arm surged on its first day on Wall Street and has fallen every day since then.
Companies & Markets

Arm and Instacart add to losses after lukewarm analyst reports

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