However, Lyft reported $1.017 billion in quarterly revenues and a $514.21 million quarterly gross profit on 31 December 2019. Conversely, Lyft reported a -$381.81 operating loss on 31 December 2019.Read more
The future of delivery will be specialist delivery firms such as Grubhub (NYSE: GRUB) and Instacart that concentrate on one kind of order such as groceries or hot meals. One-size fits all delivery such as that promoted by Uber Rush appears to be a flop.
Other delivery services will take the place of Uber and Lyft, and customer service should not be affected, Blakeman said. Walmart owns the same-day delivery service Parcel and is working with some other delivery services including Deliv and Google Express. Walmart is also working with Postmates and DoorDash, Reuters reported.Read more
Despite the slowing revenue, Kroger is still a good investment, because of its growth potential. The Cincinnati-based grocery giant is still in a great position to capitalize on the radically changing nature of retail.Read more