economy
February 13, 2026
Instacart jumps 7% on strong results as CEO calls grocery competition fears 'overblown'
Amazon, Uber Eats and Doordash have scaled more aggressively in grocery delivery in recent months, amping up the pressure on Instacart
TL;DR
- Instacart's stock surged over 7% on positive earnings results.
- CEO Chris Rogers dismissed concerns about competition as 'overblown'.
- The company faces competition from Amazon, Uber Eats, and Doordash in grocery delivery.
- Instacart is investing in new technology and AI tools.
- Fourth-quarter revenue exceeded expectations, with GTV growing 14%.
- The company issued an optimistic forecast for GTV and adjusted earnings.
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