Instacart
Instacart to pay US$60 million to settle FTC claims it deceived shoppers
INSTACART has agreed to pay US$60 million in refunds to settle the US Federal Trade Commission’s allegations that the online grocery delivery platform deceived consumers about its Instacart+ membershi...
US FTC probes Instacart’s AI pricing tool, source says; shares drop
Shoppers viewing Instacart prices saw wildly different prices for the same items sourced at the same stores
Instacart posts strongest order growth since 2022, beats earnings estimates
The results show the strong consumption power of US customers who rely on grocery and restaurant delivery services, even as demand for them has tapered off since the pandemic
Instacart forecasts upbeat quarterly core profit on online grocery delivery demand
INSTACART forecast second-quarter core profit above Wall Street estimates on Thursday, betting on resilient demand for grocery and food on its delivery platform as more people shop online.
Instacart forecasts downbeat first-quarter core profit, shares fall
INSTACART on Tuesday forecast a lower-than-expected first-quarter core profit as the online grocery delivery platform expects sequential declines in advertising revenue.
Instacart gives mixed outlook despite resilient grocery demand
INSTACART posted strong revenue in the third quarter, a sign of resilience in its core grocery delivery business. However, it forecast adjusted earnings in the current period that fell short of analys...
Instacart posts sales beat, issues strong earnings outlook
INSTACART posted better-than-expected sales in the second quarter, signalling that the grocery-delivery business has a strong enough user base to support its longer-term bet on advertising.
Instacart cuts 250 jobs in push for higher-margin businesses
INSTACART, the United States grocery-delivery giant, is cutting hundreds of jobs and restructuring its leadership team as the company increasingly shifts its focus to higher-margin businesses such as ...
Instacart sees upbeat core profit on higher transaction, ad fees
INSTACART on Wednesday (Nov 8) forecast fourth-quarter core profit above Wall Street estimates in its first earnings report since going public in September, powered by higher transaction and advertise...
Instacart IPO banks tout e-grocery shopping potential, but challenges loom
MOST Wall Street brokerages, including JPMorgan and Goldman Sachs, kicked off coverage on Instacart with a bullish view, betting on the grocery delivery app’s growth amid a shift to online shopping.
