Instacart, Inc.(Maplebear Inc.) Stock Price, News & Analysis

Instacart (NASDAQ: CART), a leading grocery technology company, announced that several local and independent grocers, including Bowman's Market, Maurer's Market IGA, Neiman's Family Market, Queen's Price Chopper, and Soelberg's Market, are adopting Caper Carts. These AI-powered smart carts are designed to enhance the in-store shopping experience. Customers in stores across Idaho, Kansas, Michigan, Missouri, Montana, Oregon, Utah, and Washington will benefit from personalized shopping experiences using Caper Carts, which are equipped with cameras, sensors, and a built-in scale to recognize items as they are placed in the cart. The carts feature an interactive screen that tracks spending, provides deals, and offers product recommendations. Integrated with loyalty programs, they offer personalized promotions and rewards, allowing customers to checkout directly from the cart. Instacart's Connected Stores suite, which includes Storefront, Carrot Ads, and Eversight, aims to bridge online and in-store shopping experiences.

Instacart (NASDAQ: CART) announced that new grocers including ALDI, Gelson's, and Hornbacher's are adopting Carrot Tags, a software solution that integrates with electronic shelf labels (ESL) hardware. The technology enables pick to light functionality, helping e-commerce shoppers locate ordered items more efficiently and improve order accuracy. One retailer reported improved found rates and increased efficiency after implementation. The company plans to extend this feature to consumers through In-Store Mode on the Instacart App and Storefront Pro, as well as integrate it with Caper Carts.

Instacart (NASDAQ: CART) announces that major grocers including Sprouts, Harmons, The Save Mart Companies, and Rosauers are upgrading to Instacart Storefront Pro, joining over 600 retail banners using their e-commerce solutions. The platform offers premium features including customizable storefront design, AI-powered recommendations, native inspirational tools, and access to Carrot Ads platform for retail media networks. Storefront Pro provides end-to-end control from discovery through weekly ad integration, personalized recommendations, seamless checkout with loyalty programs, and fulfillment services.

Instacart (NASDAQ: CART) and Party City have announced a new partnership enabling customers to shop from over 700 Party City stores nationwide through Instacart's platform for same-day delivery in as fast as an hour. The collaboration expands Instacart's party supply selection, offering decorations, seasonal tableware, balloons, party favors, and costumes. To celebrate the launch, customers can get $10 off their first Party City purchase of $50 or more using code PARTYTIME24 through December 26.

Instacart (NASDAQ: CART) and Foodsmart have released a white paper detailing the results of their two-year partnership, which has shown significant health improvements for members with obesity and diabetes. The program combines Foodsmart's telenutrition services with Instacart's medically-tailored grocery delivery, reaching over 98% of U.S. households.

Key findings from the study of 18,500+ members include:

• 52.9% of diabetic members saw a 0.5% reduction in HbA1c
• 47.1% of obese members achieved 5%+ weight loss after 21 months
• 8.6% improvement in nutrition scores for participants using both services
• Nearly doubled program engagement compared to telenutrition alone

The partnership aims to address poor nutrition, which is a leading driver of healthcare costs and chronic diseases in the U.S. The program provides a scalable solution for health plan members, offering education, support, and access to healthy foods.

Instacart (NASDAQ: CART) has announced it will report its third quarter 2024 financial results after market close on Tuesday, November 12, 2024. The company's Q3 2024 Shareholder Letter will be available on Instacart's Investor Relations website. Management will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.

A live webcast of the conference call will be accessible on the Investor Relations website, with a replay available after the call concludes. Instacart uses its Investor Relations website to disclose material nonpublic information and comply with Regulation FD disclosure obligations. Investors are advised to monitor this website, along with press releases, SEC filings, public conference calls, webcasts, and Instacart's blog for important updates.

Instacart (NASDAQ: CART) and Roku (NASDAQ: ROKU) have expanded their advertising partnership, introducing new shoppable formats and targeting capabilities for CPG advertisers. The collaboration aims to make TV moments shoppable for high-intent customers, offering:

1. Shoppable ads on Roku with direct purchase options via Instacart
2. Home Screen ad formats on Roku linking to Instacart purchases
3. Enhanced targeting using Instacart's first-party data

The partnership has shown strong results, with 52% of Roku streamers who purchased advertised products via Instacart being new-to-brand. This expansion builds on their initial 2023 collaboration, which focused on measuring TV ad impact on e-commerce purchases.

Instacart (Nasdaq: CART) has launched new Caper Cart capabilities, including gamified quests, location-based coupons, and aisle-aware advertising formats. These features aim to enhance the in-store shopping experience, offering personalized savings and rewards. The rollout involves partnerships with retailers like Schnucks and Wakefern Food Corp., and brands such as General Mills and PepsiCo.

Key features include:

• Gamified quests for interactive shopping experiences
• Location-based coupons alerting customers to nearby deals
• Aisle-aware ads for targeted brand promotions

Instacart's survey reveals 83% of consumers are receptive to using smart carts for savings and budgeting. The company plans to expand its Caper Cart footprint significantly in the coming months, aiming to transform grocery shopping from a chore to an enjoyable adventure.

Family Dollar, a subsidiary of Dollar Tree (NASDAQ: DLTR), has partnered with Instacart (NASDAQ: CART) to accept Supplemental Nutrition Assistance Program's Electronic Benefit Transfer (SNAP/EBT) payments for online orders. This collaboration extends Family Dollar's convenience by offering same-day delivery on SNAP-eligible items.

Customers can now use SNAP/EBT payments to purchase eligible items through Family Dollar's mobile app, storefront page, and the Instacart app and website. This expansion allows nearly 98% of SNAP households to shop for groceries and essentials on Instacart with fast, same-day delivery.

Family Dollar and Dollar Tree operate more than 16,300 stores across 48 states and five Canadian provinces as of August 3, 2024, under the brands Dollar Tree, Family Dollar, and Dollar Tree Canada.