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Instacart to test midpoint of guidance ahead of Q3 earnings release

Earnings Whispers · ·by G4L

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  1. 1Instacart management widened its guidance range and informed investors that results would approach the midpoint.
  2. 2Management guided for Q3 Gross Merchandise Volume growth of approximately 14% at the midpoint and an adjusted EBITDA increase of 19% to approximately $330 million.
  3. 3AI-powered carts recorded an average order value of over $115.

So what's the key point?

Instacart management said that this quarter's results will be around the middle of the expected range. Investors are watching the results as Gross Merchandise Volume growth is expected to be around 14%.

Source Earnings Whispers · View original ↗

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