Instacart parent Maplebear Inc. (NASDAQ: CART) reported Q1 earnings of 43 cents per share and $820M in sales, exceeding expectations.
Instacart, parent company Maplebear Inc. (NASDAQ: CART), reported better-than-expected Q1 results, with earnings of 43 cents per share (vs. analyst estimate of a 2 cent loss) and sales of $820M (vs. $793.44M estimate). GTV was $8.319B, up 11% YoY, driven by 72.8M orders, a 9% YoY increase, and an AOV of $114, up 2% YoY. Instacart has appointed Emily Reuter, former Uber VP of Finance, as its new CFO, replacing Nick Giovanni.
May 08, 2024
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