UBER Announces Grocery Deal With The Save Mart Companies
Uber Technologies, Inc. (UBER) is strengthening its foothold in the online grocery delivery business with its latest grocery partnership with The Save Mart Companies.
The Save Mart Companiesis a Modesto, CA-based grocery store that operates stores under the names of Save Mart, Lucky, and FoodMaxx in California and Nevada. The deal is expected to help shoppers avail of same-day delivery from Save Mart, Lucky, and FoodMaxx stores on the Uber Eats app.
Shoppers will get access to more than 190 stores in The Save Mart Companies through Uber and Uber Eats. Also, Uber One members will enjoy $0 Delivery Fee and 5% off on Save Mart orders of $35 or more.
Considering the fact that Uber is featured with both delivery and mobility offerings, this latest grocery partnership with The Save Mart Companies is expected to boost Uber’s competitive position in California and Nevada.
Notably, Christian Freese, Uber's head of Grocery and New Verticals across the United States & Canada, stated, "Save Mart, Lucky, and FoodMaxx stores have been reliably serving residents in California and Nevada for decades, and from one California-based company to another, we're proud to partner with such a beloved regional favorite. We look forward to a strong partnership in service of our shared communities in California and beyond."
Zacks Rank and Other Stocks to Consider
Currently, Uber sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks from the Zacks Computer and Technology sector are LivePerson, Inc. LPSN and Tencent Holdings Limited TCEHY. Each of these companies presently sports a Zacks Rank of 1.You can see the complete list of today’s Zacks #1 Rank stocks here.
LivePerson has an expected earnings growth rate of 59% for the current year. LPSN delivered a trailing four-quarter earnings surprise of 81.94%, on average.
The Zacks Consensus Estimate for LPSN’s current-year earnings has improved more than 100% over the past 90 days.
Tencent has an expected earnings growth rate of 23.86% for the current year. TCEHY delivered a trailing four-quarter earnings surprise of 1.85%, on average.
The Zacks Consensus Estimate for TCEHY’s current-year earnings has improved 2.3% over the past 90 days.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Tencent Holding Ltd. (TCEHY) : Free Stock Analysis Report
LivePerson, Inc. (LPSN) : Free Stock Analysis Report
Uber Technologies, Inc. (UBER) : Free Stock Analysis Report
