Instacart's Q2 earnings rise 15%, driving expansion

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Artur Stańczuk
August 10, 2024
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Summary:

Instacart's Q2 earnings surged by 15%, hitting $823M, driven by increased grocery orders. The company is forecasting up to $8.25B in Q3 sales. CEO Fidji Simo emphasizes strategic long-term investments and rising demand from CPG companies.

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