Group 1: Partnership Announcement - Toast and Instacart have formed a strategic partnership to address emergency supply needs in restaurants, integrating delivery capabilities with restaurant management software [4] - The partnership allows operators to quickly order and receive essential items like pantry ingredients and cleaning supplies, often within an hour during business hours [4][5] - This initiative highlights the importance of technology vendor integrations in solving operational challenges that operators may not have recognized [5] Group 2: Inventory Management Innovations - NomadGo has launched an early access program for its Inventory Reasoning Engine, an AI-driven tool aimed at improving restaurant supply chain management [6] - The new tool helps operators predict inventory needs, optimize ordering, and reduce waste by analyzing real-time data [6][7] - This development is part of a broader trend in the food tech industry, where operators are increasingly adopting automated solutions to address inefficiencies [7]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced and qualified news journalists who produce independent content [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for being a forward-looking technology adopter, utilizing technologies to enhance workflows [4] - The company employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Instacart shares soar as upbeat forecast tempers competition fears | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Signage for Instacart is displayed at National Retail Federation (NRF) 2026: Retail's Big Show, in New York City, U.S., January 12, 2026. REUTERS/Kylie Cooper [Purchase Licensing Rights, opens new tab]Feb 13 (Reuters) - Instacart's shares surged as much as 19% on Friday after the online grocery delivery company, a go-t ...

Core Viewpoint - Instacart's stock increased by over 14% following strong earnings results, which eased concerns about competitive pressures in the grocery delivery sector [1] Group 1: Company Performance - CEO Chris Rogers described competitive concerns as "overblown" and emphasized that the company closely monitors threats [1] - Instacart is investing in new technology and artificial intelligence tools to attract more customers and businesses to its platform [2] Group 2: Market Competition - The grocery delivery market is becoming increasingly competitive with major players like Amazon, Uber Eats, and DoorDash expanding their services [2] - Wall Street analysts viewed Instacart's results as a positive signal for the company's competitive position, with Bernstein calling the report a "solid rebuttal" to competitive pressures [3] - Analysts at Barclays noted that the company's performance was a rare "clean beat-and-raise" in the current internet earnings cycle, highlighting its distinctiveness [3]

Company Performance - Pinterest shares fell over 20% in after-hours trading due to missing Wall Street's earnings and revenue expectations for Q4 [5] - Pinterest CEO attributed the disappointing results to President Trump's tariffs affecting retail advertisers, and the company provided weaker-than-expected guidance for Q1 [6] - In contrast, Instacart reported strong revenue and an optimistic forecast for Q1, leading to a 13% increase in its shares before the market opened [6] Economic Indicators - The Bureau of Labor Statistics is set to release January's consumer price index (CPI), which was delayed due to a government shutdown [2] - Economists anticipate a 2.5% year-over-year increase in the CPI, which would align with levels seen in May 2025 [3] Industry Valuations - Three NBA teams reached valuations of $10 billion during the 2024-2025 season, with the Golden State Warriors valued at $10.8 billion, the New York Knicks at $10.1 billion, and the Los Angeles Lakers at $10 billion [11][12] - The average revenue for the league's 30 teams was $416 million, resulting in an average valuation of $5.52 billion, reflecting an 18% increase from the previous year [12] Climate Policy - The Trump administration revoked a significant finding that classified six greenhouse gases as threats to public health, which could have long-term implications for climate change efforts [9][10]

Core Insights - Maplebear (CART) reported $992 million in revenue for Q4 2025, marking a year-over-year increase of 12.3% and exceeding the Zacks Consensus Estimate by 2.34% [1] - The earnings per share (EPS) for the quarter was $0.53, consistent with the previous year and surpassing the consensus estimate by 1.65% [1] Financial Performance Metrics - The company recorded 89.5 million orders, exceeding the average estimate of 87.09 million by analysts [4] - Gross Transaction Value (GTV) reached $9.85 billion, surpassing the estimated $9.53 billion [4] - Revenue from advertising and other sources was $294 million, above the average estimate of $287.16 million, reflecting a year-over-year increase of 10.1% [4] - Transaction revenue amounted to $698 million, exceeding the estimated $680.48 million, with a year-over-year growth of 13.3% [4] Stock Performance - Over the past month, Maplebear's shares have declined by 19.4%, while the Zacks S&P 500 composite experienced a minor decline of 0.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Viewpoint - Maplebear (CART) reported quarterly earnings of $0.53 per share, exceeding the Zacks Consensus Estimate of $0.52 per share, with a year-over-year comparison showing no change in earnings [1] - The company achieved revenues of $992 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.34% and showing a year-over-year increase from $883 million [2] Financial Performance - The earnings surprise for the recent quarter was +1.65%, and the company has surpassed consensus EPS estimates three times over the last four quarters [1][2] - Maplebear's shares have declined approximately 26.8% since the beginning of the year, contrasting with the S&P 500's gain of 1.4% [3] Future Outlook - The company's earnings outlook will be crucial for investors, particularly in light of management's commentary during the earnings call [4] - Current consensus EPS estimate for the upcoming quarter is $0.54 on revenues of $979.8 million, and for the current fiscal year, it is $2.29 on revenues of $4.06 billion [7] Industry Context - The Internet - Commerce industry, to which Maplebear belongs, is currently ranked in the bottom 27% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Maplebear's stock may be influenced by the overall industry outlook, as historical data shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

Financial Data and Key Metrics Changes - The company reported a Gross Transaction Value (GTV) of $9.85 billion for Q4 2025, representing a 14% year-over-year increase, marking the strongest growth in three years [21] - Orders reached 89.5 million, up 16% year-over-year, while the average order value decreased by 1% year-over-year [21] - GAAP net income was $81 million, down 46% year-over-year, primarily due to higher G&A expenses related to non-recurring legal matters [23] - Adjusted EBITDA grew 20% year-over-year to $303 million, with operating cash flow of $184 million, also up 20% year-over-year [23] Business Line Data and Key Metrics Changes - Advertising and other revenue grew 10% year-over-year, driven by strong GTV performance and an increase in active brand partners to over 9,000 [22] - Transaction revenue grew 13% year-over-year, representing 7.1% of GTV, which remained flat year-over-year [21] - The enterprise platform powered more than 380 grocery e-commerce sites, with significant growth opportunities identified [9] Market Data and Key Metrics Changes - The company noted that grocery remains a massive and fragmented market, still early in its online journey, which presents significant growth opportunities [7] - The company has expanded its reach to more than 2,200 retail banners across nearly 100,000 locations [8] Company Strategy and Development Direction - The company's strategy focuses on being the trusted platform for grocery needs, providing technology for grocers, and being the preferred advertising ecosystem for brands [8] - The company is leveraging generative AI to enhance execution across its platform, driving efficiency and compounding advantages [8][14] - The company aims to accelerate its growth and capitalize on the omnichannel transformation of grocery [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to drive durable, profitable growth, citing strong momentum and a positive outlook for Q1 2026 [6][24] - The company anticipates GTV for Q1 2026 to range between $10.125 billion and $10.275 billion, representing year-over-year growth of 11%-13% [25] - Management acknowledged the competitive landscape but emphasized the company's strong market position and differentiation [39] Other Important Information - The company will transition to an annual shareholder letter starting Q1 2026, aiming for a more holistic assessment of its long-term strategy [3] - The company repurchased $1.4 billion of shares in 2025, including $1.1 billion in Q4 alone [24] Q&A Session Summary Question: How should we think about the scope of the opportunity in marketplace and enterprise adoption? - Management highlighted that both marketplace and enterprise segments are growing, with enterprise providing deeper strategic conversations and technical integrations with retailers [30] Question: What has driven the acceleration in business metrics? - Management noted strong user growth and engagement, with 26 million customers using the platform in 2025 and record retention rates [36] Question: Can you discuss the stronger-than-expected advertising performance? - Management attributed the strong advertising performance to GTV growth and a diversification strategy that has expanded the advertising ecosystem [46] Question: How are you approaching international growth? - Management expressed optimism about international markets, noting that many retailers are still underdeveloped in e-commerce, presenting a significant opportunity [50] Question: What is the strategy regarding price parity initiatives? - Management indicated that retailers adopting price parity tend to outperform those with markups, and they are actively discussing pricing strategies with partners [60] Question: What updates can you provide on Instacart+ adoption? - Management reported that Instacart+ continues to represent the majority of GTV and orders, with paid members showing higher engagement and retention [67]

Financial Data and Key Metrics Changes - GTV for Q4 2025 was $9.85 billion, up 14% year-over-year, marking the strongest growth in three years [21] - Orders reached 89.5 million, up 16% year-over-year, while average order value decreased by 1% year-over-year [21] - GAAP net income was $81 million, down 46% year-over-year, primarily due to higher G&A expenses related to non-recurring legal matters [23] - Adjusted EBITDA grew 20% year-over-year to $303 million, with operating cash flow of $184 million, also up 20% year-over-year [23] Business Line Data and Key Metrics Changes - Advertising and other revenue grew 10% year-over-year, driven by strong GTV performance and onboarding of more Carrot Ads partners [22] - Transaction revenue grew 13% year-over-year, representing 7.1% of GTV, which was flat year-over-year [21] - The number of brands advertising on Instacart increased to over 9,000, up from 7,000 a year ago [46] Market Data and Key Metrics Changes - Instacart's marketplace now includes more than 2,200 retail banners across nearly 100,000 locations [8] - The company reported that approximately 10 million unique customers placed at least one order in December 2025, a new high [18] Company Strategy and Development Direction - The company aims to be the trusted platform for all grocery needs, leveraging technology for grocers and creating an advertising ecosystem for brands [8] - Instacart is focusing on expanding its enterprise partnerships, which include deeper integrations and shared planning with retailers [9] - The company is investing in AI to enhance operational efficiency and improve customer experiences [14][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to drive durable, profitable growth, citing strong momentum and a favorable operating environment [6][19] - The company anticipates GTV for Q1 2026 to range between $10.125 billion and $10.275 billion, representing year-over-year growth of 11%-13% [24] - Management noted that competition in the grocery e-commerce space is not negatively impacting Instacart's growth, as the market opportunity remains large [39] Other Important Information - The company will transition to an annual shareholder letter starting Q1 2026, aiming for a more holistic assessment of its long-term strategy [3] - Instacart repurchased $1.4 billion of shares in 2025, including $1.1 billion in Q4 alone [24] Q&A Session Summary Question: How should we think about the scope of the opportunity in marketplace and enterprise adoption? - Management highlighted that both marketplace and enterprise sides are growing, with enterprise providing deeper strategic conversations and technical integrations with retailers [30] Question: What has driven the acceleration in business metrics? - Management noted strong user growth and engagement, with record customer retention and increased spend per customer [36] Question: Can you discuss the stronger-than-expected advertising performance? - Management attributed the strong advertising performance to GTV growth and a diversification strategy across supply and demand [46] Question: How are you approaching international growth? - Management expressed excitement about international markets, noting that many retailers are still underdeveloped in e-commerce [50] Question: What is the status of Instacart Plus adoption? - Management reported that Instacart Plus continues to represent the majority of GTV and orders, with growing engagement and retention among members [67]

Maplebear (NasdaqGS:CART) Q4 2025 Earnings call February 12, 2026 05:00 PM ET Speaker11Good day, and thank you for standing by. Welcome to the Instacart Fourth Quarter 2025 financial results conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear a message advising your hand is raised. To withdraw you ...