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Uber Inks Customer-Friendly Deal With Best Buy: Sign of More Growth?
ZACKSยท 2025-09-03 16:40
Core Insights - Uber Technologies (UBER) has partnered with Best Buy (BBY) for on-demand delivery of consumer electronics from over 800 stores via the Uber Eats platform [1][8] - The partnership aims to enhance accessibility to technology and includes a promotional offer of $20 off orders over $60 until September 29, 2025 [2] - This collaboration is part of Uber's strategy to diversify its delivery ecosystem beyond food, following recent agreements with Dollar General and Dollar Tree, which added over 23,000 stores to the Uber Eats platform [3][4][5] Company Developments - The deal with Best Buy took effect on September 2, allowing customers across the U.S. to order a variety of electronics and appliances for home delivery [1] - Uber's delivery segment has shown resilience post-pandemic, with a sustained consumer preference for online ordering [3] - The recent partnerships with Dollar General and Dollar Tree further strengthen Uber's retail delivery capabilities, expanding its offerings to include everyday essentials [4][5] Market Performance - UBER's shares have experienced double-digit gains year-to-date, outperforming the Zacks Internet-Services industry amid tariff-related uncertainties [6] - The company's current valuation stands at a 12-month forward price-to-sales ratio of 3.41X, indicating it is relatively inexpensive compared to its industry peers [10]