🔹 Revenue: $3.27B (Est. $3.12B) 🟢; UP +5.0% YoY
🔹 Adj. EPS: $0.87 (Est. $0.33) 🟢
🔹 Gross Profit: $984M; Gross Margin: 30.1%
🔹 Adj. EBITDA: $205M; EBITDA Margin: 6.3%
🔹 Net Income: $15M (vs. -$42M YoY)
🔹 Operating Income: $17M (vs. -$35M YoY)
🔹 Free Cash Flow: $230M (vs. $183M YoY)
🔹 Operating Cash Flow: $273M
Customer & Order Metrics
🔹 Active Customers: 21.0M; DOWN -4.5% YoY
🔹 LTM Revenue per Customer: $572; UP +5.9% YoY
🔹 Orders Delivered: 10.0M (flat YoY)
🔹 Avg. Order Value: $328 (vs. $313 YoY)
🔹 Orders per Customer: 1.86 (vs. 1.85 YoY)
🔹 Repeat Order Share: 80.7% (vs. 81.7% YoY)
🔹 Mobile Order Share: 62.9% (vs. 63.7% YoY)
CEO Commentary
🔸 “Q2 was a resounding success—sales growth, margin expansion, and market share gains. Our 6% adj. EBITDA margin reflects the leverage in our model and marks the best profitability we’ve seen since 2021.”
🔸 “This quarter shows years of thoughtful investment paying off, and we’re excited for what lies ahead in 2025 and beyond.”