Instacart jumps after quarterly profit forecast above estimates
ReutersMay 2, 2025 2:30 PM
Shares of grocery delivery platform Instacart
If gains hold, the stock is set for its best day ever
The company forecast Q2 core profit above estimates on Thursday due to resilient demand from online shoppers on its delivery platform for grocery and food
Reports Q1 core profit of $244 million, beating an estimate of $229.4 million
Posts Q1 gross transaction value of $9.12 billion and revenue of $897 million, both almost in line with estimates
CART is able to invest in growth areas while managing expenses and we expect margins to expand through the year - Doug Anmuth, J.P.Morgan analyst
Including session moves, stock is up about 8% YTD
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