Instacart jumps 14% on strong results as CEO calls grocery competition fears 'overblown'

Instacart jumps 14% on strong results as CEO calls grocery competition fears 'overblown'

Amazon, Uber Eats and Doordash have scaled more aggressively in grocery delivery in recent months, amping up the pressure on Instacart

Instacart posts 12% revenue gains in Q4

Delivery provider deepens retail relationships and leans into AI

Instacart jumps 14% on strong results as CEO calls grocery competition fears ‘overblown’

In this article CART Follow your favorite stocksCREATE FREE ACCOUNTJakub Porzycki | Nurphoto | Getty Images Instacart’s stock surged more than 14% after the company’s robust results alleviated worries over mounting competitive pressures in the grocery delivery market. During an earnings call with analysts, CEO Chris Rogers, who took the helm last year, called the concerns “overblown” and said the company monitors threats “extremely closely.” “T…

Instacart’s Quiet Reinvention: How the Grocery Delivery Pioneer Turned Surging Order Growth Into a Wall Street Darling

When Instacart went public in September 2023 amid a tepid IPO market, skeptics questioned whether a pandemic-era grocery delivery company could sustain relevance in a world that had largely returned to in-store shopping. Less than two years later, the company formerly known as Maplebear is answering those doubts with a resounding set of financial results that have sent its stock soaring and forced analysts to reconsider the long-term trajectory …

Instacart Delivers Strong Q4 as AI Speeds Platform Expansion

Instacart’s Q4 may have looked like a straightforward beat-and-raise, but the more consequential storyline for retailers, brands and the payments stack is how the company is using partnerships and AI to push beyond “grocery delivery” into an embedded commerce and retail-tech platform. “We are also partnering off platform over third-party platforms like OpenAI and Google and Microsoft to be wherever customers want to shop,” CEO Chris Ro…