Maplebear Inc. (NASDAQ:CART) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Rebecca Yoshiyama - Vice President, Investor Relations, Capital Markets and Security Fidji Simo - Chief Executive Officer Emily Reuter - Chief Financial Officer Conference Call Participants Eric Sheridan - Goldman Sachs Ron Josey - Citi Sebastian Colin - Baird Ross Sandler - Barclays Justin Post - Bank of America Jason Helfstein - Oppenheimer Brian Nowak - Morgan Stanley Doug Anmuth - JPMorgan Nik ...

Maplebear (CART) reported $852 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 11.5%. EPS of $0.42 for the same period compares to -$20.86 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $845.13 million, representing a surprise of +0.81%. The company delivered an EPS surprise of +90.91%, with the consensus EPS estimate being $0.22.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

Maplebear (CART) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to loss of $20.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 90.91%. A quarter ago, it was expected that this operator of the Instacart online grocery would post earnings of $0.13 per share when it actually produced earnings of $0.20, delivering a surprise of 53.85%.Over the last fou ...

♕instacart Q3 2024 Letter to Shareholders November 12, 2024 Dear Shareholders, We delivered another strong quarter, with our scale and critical advantages helping us continue to serve our customers, retailers, brands, and shoppers even better. In Q3, we increased GTV 11% year-over-year to $8,303 million. We also hit our fourth straight quarter of positive GAAP net income, along with solid growth in adjusted EBITDA and operating cash flow compared to last year. As the category leader in both small and big ba ...

SAN FRANCISCO, Nov. 12, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART) today released financial results for its third quarter ended September 30, 2024. These financial results are available within Instacart's third quarter 2024 Shareholder Letter, which can be found on the company's Investor Relations website at https://investors.instacart.com/.Instacart management will host a conference call to discuss the company's results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today. To access a live webcast o ...

Core Insights - Coles Supermarkets is the first retailer in the Asia Pacific region to introduce Instacart's AI-powered Caper Carts, set to launch in early 2025 at the Richmond Traders location in Melbourne [1][4] Group 1: Caper Carts Features - Caper Carts are equipped with AI, cameras, and a built-in scale to automatically recognize items as they are added, allowing customers to bag items while shopping and view their running total [2] - The smart trolleys will sync with Coles' Flybuys rewards program, enabling customers to earn points and access personalized offers through the trolley's digital screen [3] Group 2: Strategic Importance - The introduction of Caper Carts reflects Coles' commitment to enhancing the in-store shopping experience through digital capabilities, aiming to save time and improve customer engagement [4] - Instacart aims to bridge the online and in-store shopping experience, expanding its international presence through this partnership with Coles Supermarkets [5] Group 3: Customer Reception - In the US, Caper Carts have received a strong customer reception, achieving a net promoter score of over 70 at ramped locations, indicating high customer satisfaction [4] Group 4: Company Background - Coles operates over 1,800 supermarkets and liquor stores in Australia, employing more than 120,000 team members and engaging with over 8,000 suppliers [7] - Instacart partners with over 1,500 retailers across North America, facilitating online shopping and delivery services from more than 85,000 stores [6]

Investors might want to bet on Maplebear (CART) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual investo ...

For those looking to find strong Retail-Wholesale stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Maplebear (CART) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question.Maplebear is a member of the Retail-Wholesale sector. This group includes 210 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector ...

ALDI, Gelson's, and Hornbacher's Among New Grocers Leveraging Carrot TagsSAN FRANCISCO, Nov. 7, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced that new grocers are connecting their electronic shelf labels (ESL) hardware to Carrot Tags' pick to light functionality. Carrot Tags is Instacart's software solution that seamlessly integrates into a retailer's electronic shelf labels (ESL) hardware to enable incremental functionality, includin ...

Sprouts, Harmons, The Save Mart Companies, and Rosauers upgrade to Instacart's end-to-end e-commerce platform, joining more than 600 grocers boosting online growth SAN FRANCISCO, Nov. 6, 2024 /PRNewswire/ -- Instacart (NASDAQ: CART), the leading grocery technology company in North America, today announced that Sprouts, Harmons, The Save Mart Companies and Rosauers are enhancing their digital presence with Instacart Storefront Pro. Storefront Pro, an advanced e-commerce solution custom-designed for grocers o ...