Starbucks customers will soon have a new way to get their coffee delivered: Grubhub. It’s a boon for the coffee giant, but for the delivery platform, the benefit is less clear. On Thursday, the coffee chain and Grubhub announced a partnership that will launch in select markets in Pennsylvania, Colorado, and Illinois starting this month.
(Reuters) -Lyft is targeting a 15% annual increase in gross bookings through 2027, the ride-hailing firm said at its inaugural investor day event, adding that its nascent advertising business is expected to grow eight-fold during the same period. The forecast signals Lyft could maintain its position in the North American ride-sharing market, where it lags Uber, even as both the companies seek to diversify their revenue streams through offerings such as advertising and user subscriptions. Lyft expects $400 million in gross bookings from its advertising business in 2027, Zach Greenberger, executive vice president of Lyft's Partnership Ecosystem, said in an interview ahead of Thursday's event.
Last week, Costco Wholesale Corporation (NASDAQ: COST) reported its fiscal third quarter earnings that surpassed estimates. Last Thursday, Costco management emphasized its membership pricing, digital sales growth, along with its recently expanded partnership with Uber Technologies Inc (NYSE: UBER). Fiscal Third Quarter Highlights For the quarter ended on May 12, Costco recorded revenue grew 9% YoY to $58.52 billion, earning $3.78 per share. Excluding gasoline and foreign exchange impact, compara