Instacart’s sales disappoint amid a concerning consumer trend
The grocery delivery service gives a critical update on its recent performance.
Instacart (CART) , which surged in popularity during the Covid pandemic for its contact-free grocery delivery, missed the bar on its sales during the holiday season in 2024.
In Instacart’s fourth-quarter earnings report for 2024, it revealed that it earned $883 million in total revenue during the quarter, which is a 10% increase compared to the same time period in 2023, but it fell short of analyst estimates of $891 million.
