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Stock impact report

Rapid grocery delivery will keep investors waiting [Reuters]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Reuters
Companies trying to ferry such goodies to doorsteps in 15 minutes or less face a hard enough task. Delivering a profit on top is harder still. The coronavirus pandemic breathed life into a high-speed grocery delivery model that always looked marginal. Turkey's Getir tripled its valuation to $7.6 billion in a year. Germany's Gorillas, which was only founded last year, is now worth $2.1 billion after an investment by $33 billion compatriot Delivery Hero (DHER.DE) . Traditional grocers are also piling in. Britain's Asda is expanding its one-hour delivery services, while other supermarkets are hooking up with the likes of Deliveroo (ROO.L) and Uber Technologies (UBER.N) For consumers, speed comes at a premium. A typical order includes a 2 pound delivery fee plus a 5% markup on retail supermarket prices for basic items like bread or milk. Thus, the bigger the order, the more profitable it is. Sourcing their food at wholesale prices, delivery firms can cream off around 7 pounds from the Show less Read more
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