Costco Expands Uber Eats Delivery to 48 States From 17

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โดย GuruFocus·US·Read original
Summary · why it matters

Costco Wholesale expanded its Uber Eats delivery coverage to 48 U.S. states from 17, putting nearly 600 Costco locations on the platform. Shares of Costco rose about 1% on Wednesday following the announcement. The wider rollout gives members another way to order groceries, household products and other merchandise online, and could broaden the retailer's digital reach as it works to maintain engagement with its membership base. Costco had 82.90 million members as of June 20, down 4% from the same period a year earlier. Uber Eats is also offering eligible Costco members 50% off an annual Uber One subscription during the first year, followed by a 20% discount in subsequent years, and Costco products are available through Uber Eats in several international markets, including Canada, Mexico, Japan, Taiwan, France and Spain.

Impact on stocks 3

Consumer Staples · 1 stocks
Costco Wholesale Corp
COST
▲ PositiveDemandrelevance

Costco expanded Uber Eats delivery to 48 states from 17, putting nearly 600 locations on the platform and broadening its digital reach to members.

Robotics & Physical AI · 1 stocks
Uber Technologies Inc
UBER
▲ PositiveDemandrelevance

Uber Eats gained Costco's expanded delivery coverage across 48 states plus a discounted Uber One membership offer for Costco members.

Biotech & Genomic Medicine · 1 stocks