Latest news with #EmilyReuter
Business Times
07-08-2025
- Business
- Business Times
Instacart posts strongest order growth since 2022, beats earnings estimates
[NEW YORK] Instacart posted its strongest order growth since 2022 for a second straight quarter and beat earnings estimates for the current period, a sign of resilience in its core delivery business after it rolled out initiatives to cater to price-conscious consumers. Orders grew 17 per cent to 82.7 million in the April to June period, the company said in a shareholder letter on Thursday (Aug 7), beating the average analyst estimate of 80.8 million. That is a faster jump than in the beginning of the year and it's the biggest since the third quarter of 2022, according to Bloomberg-compiled data. Customers continued to order more frequently because Instacart lowered the minimum basket size for free delivery earlier this year, chief financial officer Emily Reuter said. The company's partnership with Uber Eats for restaurant orders also saw takeout customers ordering on the platform more often. Reuter added that a number of grocers such as Heritage Grocers Group, Lowe's Cos and Schnucks have lowered or removed price markups on its platform to match in-store prices, which has also been conducive to deepened user engagement. Shares of Instacart, which publicly trades as Maplebear, rose 3.7 per cent in extended trading after the results were announced. 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. Delivery peers Uber Technologies and DoorDash similarly reported robust results for their delivery services on Wednesday. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Instacart posted US$659 million in delivery transaction revenue for the second quarter, beating expectations. Total revenue, which includes sales from advertising and enterprise software, was US$914 million, also surpassing the average analyst estimate. 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. Adjusted earnings before interest, taxes, depreciation and amortisation in the third quarter will be US$260 million to US$270 million, also better than expected. Reuter said that Instacart has seen more demand and has become faster at launching e-commerce software for retailers, a category with higher margins. The company launched 40 net new white-label shopping sites in the first half of the year, exceeding the 30 it created in 2024, she added. 'We are seeing more demand from retailers, but also our ability to launch and scale these retail partners with our enterprise solutions is getting faster and better,' Reuter said. Those offerings, combined with advertising, now bring in about 28 per cent of the company's revenue, the company said. BLOOMBERG
Yahoo
17-07-2025
- Business
- Yahoo
Instacart to Report Second Quarter 2025 Financial Results on August 7, 2025
SAN FRANCISCO, July 17, 2025 /PRNewswire/ -- Instacart (NASDAQ: CART) today announced it will report its second quarter 2025 financial results after market close on Thursday, August 7, 2025. The company's second quarter 2025 Shareholder Letter will be available on Instacart's Investor Relations website at Instacart's CEO, Fidji Simo, and CFO, Emily Reuter, will also host a conference call to discuss the company's results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Thursday, August 7. To access a live webcast of the conference call, please visit the Investor Relations website at After the call concludes, a replay will be made available on the Investor Relations website. Instacart uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor Instacart's Investor Relations website, press releases, SEC filings, public conference calls, and public webcasts, in addition to following Instacart's blog, which is located at About Instacart Instacart, the leading grocery technology company in North America, works with grocers and retailers to transform how people shop. The company partners with more than 1,800 national, regional, and local retail banners to facilitate online shopping, delivery and pickup services from nearly 100,000 stores across North America on the Instacart Marketplace. Instacart makes it possible for millions of people to get the groceries they need from the retailers they love, and for approximately 600,000 Instacart shoppers to earn by picking, packing and delivering orders on their own flexible schedule. The Instacart Platform offers retailers a suite of enterprise-grade technology products and services to power their e-commerce experiences, fulfill orders, digitize brick-and-mortar stores, provide advertising services, and glean insights. With Instacart Ads, thousands of CPG brands – from category leaders to emerging brands – partner with the company to connect directly with consumers online, right at the point of purchase. With Instacart Health, the company is providing tools to increase nutrition security, make healthy choices easier for consumers, and expand the role that food can play in improving health outcomes. For more information, visit and to start shopping, visit Maplebear Inc. is the registered corporate name of Instacart. View original content to download multimedia: SOURCE Maplebear Inc. dba Instacart
