Instacart reports Q3 EPS 51c, consensus 50c

Reports Q3 revenue $939M, consensus $933.32M. Chris Rogers, CEO, sent a letter to shareholders, “This is my first letter to you as CEO of Instacart (CART) – and I couldn’t be more energized about where we’re headed. Over the past six years, I’ve had the privilege of helping build many of the capabilities and partnerships that make Instacart distinct. We’re so much more than a marketplace. Instacart is the leading technology and enablement partner for the grocery industry – helping consumers save time, retailers run their businesses, and brands connect with customers. In a trillion-dollar industry ripe for innovation – we power how groceries get discovered, bought, and delivered – and we’re just getting started. Our foundation is strong, our momentum is growing, and I’m confident we have all the right ingredients to accelerate into our next chapter.”