Latest news with #Maplebear
Wall Street Journal
13 hours ago
- Business
- Wall Street Journal
Heard on the Street Recap: Anxiety in the Grocery Space
What Happened in Markets Today Amazon plans a massive expansion of its grocery-delivery business, a move to boost growth in one of the few retail arenas in which it doesn't yet have a dominant position. The tech giant launched same-day grocery-delivery service in 1,000 cities, including Phoenix, Orlando, and Kansas City, and plans to more than double it to 2,300 U.S. locations by the end of the year. Shares of grocery companies fell on the news of Amazon's expansion, with Instacart-owner Maplebear sinking 12%, DoorDash down 3.8% and Kroger sliding 4.4%. Walmart was down 2.5%. CoreWeave's second-quarter revenue more than tripled from a year ago as the company works to keep up with soaring AI demand. But the cloud provider for artificial-intelligence companies on Tuesday posted a loss of $290.5 million, or 60 cents a share. Analysts expected a loss of 52 cents a share, according to FactSet. Shares of CoreWeave fell 21%.
Yahoo
7 days ago
- Business
- Yahoo
Instacart forecasts strong quarter on demand for cheaper grocery deliveries
(Reuters) -Instacart forecast third-quarter gross transaction value above Wall Street estimates on Thursday, betting on resilient demand amid efforts to offer cheaper groceries through its platform, sending its shares up 9% in extended trading. The company, also known as Maplebear, has doubled down on its push to match in-store prices on its platform to attract value-seeking consumers looking to stretch their budgets. "On our platform, retailers that price items at in-store parity consistently grow faster on average than those with markups," outgoing CEO Fidji Simo said in a letter to shareholders. Its partnership with UberEats has also helped add restaurants to its platform. The company forecast current-quarter gross transaction value, or the total money spent by consumers on Instacart orders, to be between $9 billion and $9.15 billion, above estimates of $8.99 billion, according to data compiled by LSEG. Instacart, like its peers in the food and groceries delivery space, has leaned on promotions on its membership program to keep consumers shopping online, such as lowering minimum order value to $10 to get the delivery fee waived. Rivals DoorDash and Uber also forecast strong third-quarter results as convenience and affordability driven by investments in membership programs kept consumers ordering food and groceries online. For the quarter ended June 30, Instacart's GTV grew 11% to $9.08 billion, with orders growing 17% year-over-year. Advertising revenue rose 12% in the reported quarter, despite one of its largest brand partners pulling back from some ad spending due to macroeconomic uncertainty, Instacart executives said on a post-earnings call, without naming the company. Total revenue of $914 million for the quarter topped estimates of $896 million. The company also reiterated its target for year-on-year GTV growth between 8% and 10%. Quarterly adjusted earnings of 41 cents per share also beat estimates of 38 cents apiece.
Yahoo
07-08-2025
- Business
- Yahoo
Instacart forecasts strong quarter on demand for cheaper grocery deliveries
(Reuters) -Instacart forecast third-quarter gross transaction value above Wall Street estimates on Thursday, betting on resilient demand amid efforts to offer cheaper groceries through its platform, sending its shares up 9% in extended trading. The company, also known as Maplebear, has doubled down on its push to match on its platform prices in stores to woo value-seeking consumers looking to stretch their budgets. "On our platform, retailers that price items at in-store parity consistently grow faster on average than those with markups," outgoing CEO Fidji Simo said in a letter to shareholders. Its partnership with UberEats has also helped add restaurants on its platform. The company forecast current-quarter gross transaction value, or the total money spent by consumers on Instacart orders, to be between $9 billion and $9.15 billion, above estimates of $8.99 billion, according to data compiled by LSEG. Instacart, like its peers in the food and groceries delivery space, has leaned on promotions on its membership program to keep consumers shopping online, such as lowering minimum order value to $10 to get the delivery fee waived. Rival DoorDash and Uber also forecast strong third-quarter results as convenience and affordability driven by investments in membership programs kept consumers ordering food and groceries online. For the quarter ended June 30, Instacart's GTV grew 11% to $9.08 billion, with orders growing 17% year-over-year. Advertising revenue rose 12% in the reported quarter, while total revenue of $914 million topped estimates of $896 million.
Wall Street Journal
07-08-2025
- Business
- Wall Street Journal
Instacart Nearly Doubles Second-Quarter Profit on Increased Orders
Instacart CART 3.50%increase; green up pointing triangle nearly doubled its profit in the second quarter, boosted by an increase in orders as consumers jump to online grocery shopping. The grocery-delivery company, also known as Maplebear, on Thursday posted net income of $116 million, or 41 cents a share, up from $61 million, or 20 cents a share, a year earlier. Analysts polled by FactSet expected 38 cents a share.
Independent Singapore
16-07-2025
- Lifestyle
- Independent Singapore
'Parents, is raising kids draining your wallet?'
SINGAPORE: When an inquisitive Redditor asked an unpretentious but overloaded question, 'Is it expensive to have children?', it triggered a truthful and deep conversation among Singaporean parents. From picking between Maplebear and government-run Sparkletots to struggling with the pressure to buy the latest baby carriages or sign up for enrichment lessons, parents face an increasingly onerous burden in Singapore. The true cost – more than just dollars and cents One of the most upvoted responses concisely encapsulated it: 'Depends on how you define expensive. They cost you sleep, stress, and money, but add an abundance of love and memories that none of the other factors can replace.' It's not just about the price tag — it's about the time, emotional outlay, and the choices that outline a child's growth. Lifestyle choices vs. financial burden Several parents highlighted that the cost of bringing up a child hinges on your lifestyle preferences. One parent provided a simple gauge: See also Taylor Swift takes on toxic masculinity as 'The Man' 'If you earn $20k, sending your kid to Maplebear is fine. At $10k, still manageable, but if you're earning $5k and insist on premium options, it'll feel expensive. Sparkletots works just fine, and if you're earning $2k, even Sparkletots might be a stretch.' The parallel? Raising children is similar to eating out. You can have cai png, Les Amis, or anything in between. The bottom line is knowing your budget and battling against the pressure of keeping up with those who select the lobster when you're seamlessly okay with the chicken rice. The pressure to spend — and the industry behind it Another Redditor — a parent of two with a third on the way — stressed how marketing and social media prompt guilt-based expenditure, which targets mothers. 'There's a whole industry built around guilt-tripping parents to spend on their kids. You don't need a brand-new pram or a S$2,000 crib. Carousell is full of gently used items that kids will outgrow in months.' 'We only registered targeted tuition in upper primary. Let kids struggle a bit. Otherwise, they grow up relying on tuition — even when they're already doing well.' What matters is time, not money While expenses tally up, many parents have agreed that what children really value most isn't the extras, it's the presence of the parent. One parent recollected Saturday mornings spent discovering adventure playgrounds around Singapore. Free, out-of-doors, and bursting with remembrances. 'My kids won't remember not having ballet lessons or that branded toy, but they will remember that we spent time together. That I showed up.' Is it expensive to have kids? Children can cost as little or as much as your lifestyle — and expectations — demand. You can bring up a child securely on S$1,000 to S$1,500 per month in supplementary spending, a few Redditors approximate. Others have done it with lesser amounts. Parenting in Singapore isn't just about money matters or about planning — it's about intention. Understanding what matters, what doesn't, and having the pluck to say no to the clatter. Because in the end, the real outlay isn't in tuition centres or baby paraphernalia — it's in your rapport and connection with your child. And that, as every parent knows, has no price tag and is truly invaluable.
