Instacart Shows Strong Order Growth

about 1 month ago

"Ticket uh ticker is cart. Uh stuck up 5% in today's session. The company posted better than expected order growth, provide an upbeat earnings outlook for the current period, indicating that demand for its uh core grocery delivery service has been holding strong and we've seen that uh for some of the um companies uh Uber Tech and Door Dash. They have also uh seen uh some expansion beyond restaurant takeout into the grocery category. So, we're kind of seeing an all-in on that."

Instacart is highlighted with a 5% session gain driven by strong order growth and an upbeat earnings outlook, suggesting robust demand for its core grocery delivery business.

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