Reported 12 days ago
Instacart reported a 12% increase in third-quarter revenue to $852 million, reflecting solid demand in grocery delivery, although its adjusted earnings forecast for the fourth quarter fell short of expectations at $230-$240 million. The company attributed this cautious outlook partly to a recent technical issue with a retail partner and noted a deceleration in transaction value growth. Instacart continues to explore strategic partnerships and expansions into higher-margin sectors to boost its growth.
Source: YAHOO