1803 ET - Instacart believes the future of the grocery market is "clearly omnichannel," CEO Fidji Simo says in a letter to shareholders. The grocery-delivery company sees opportunity to boost its in-store technologies to drive growth and efficiencies across the business, the executive says. "Research shows omnichannel customers are more valuable, with higher purchasing power and more annual shopping trips than brick-and-mortar only customers," Simo adds. Shares fall 10%, to $43.83, in post-market trading. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
February 25, 2025 18:03 ET (23:03 GMT)
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