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Sur La Table Joins Uber Eats for U.S. Deliveries: Growth Ahead?
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Key Takeaways
Uber Eats partners with Sur La Table on premium kitchenware delivery.
Eligible orders can arrive in just 25 minutes, giving customers quick access to cookware, etc.
Uber's retail expansion could boost order frequency, gross bookings and merchant revenues.
Uber Technologies (UBER - Free Report) has announced a partnership with Sur La Table, a specialty kitchenware retailer, to offer customers convenient access to premium cookware, kitchen appliances and culinary essentials through the Uber Eats marketplace. The collaboration will extend across all Sur La Table locations nationwide, enabling customers to place orders for on-demand or scheduled delivery.
Through this partnership, Uber Eats customers can purchase a wide selection of kitchen products, ranging from cookware and baking equipment to everyday utensils and hosting essentials. The assortment includes products from established brands such as Le Creuset and All-Clad. Eligible orders can be delivered in as little as 25 minutes, providing a convenient option for customers seeking last-minute cooking supplies, kitchen appliances or gifts.
Founded in Seattle’s Pike Place Market in 1972, Sur La Table has established itself as a prominent culinary retailer over more than five decades. The company operates stores across the United States and offers thousands of cooking classes annually through its resident chefs. Its integration into Uber Eats extends the retail reach beyond physical stores, allowing customers to access the specialized kitchenware assortment through a digital delivery platform.
The partnership reflects Uber Eats’ continued expansion beyond restaurant deliveries into broader retail categories. With the holiday season approaching, the addition of Sur La Table strengthens the platform’s ability to serve customers looking for cooking supplies, entertaining essentials and last-minute gifts.
Customers can access Sur La Table products by opening the Uber Eats application and selecting the Retail category or searching directly for the retailer. After choosing a participating store, they can browse available merchandise, add products to their carts and select either immediate or scheduled delivery. The platform also allows customers to track their orders in real time.
The partnership strengthens Uber’s position in the growing on-demand retail delivery market by diversifying its Uber Eats marketplace beyond food, groceries and convenience products. Adding Sur La Table’s premium kitchenware assortment could attract new customers, encourage existing users to make purchases across additional categories and increase order frequency.
The collaboration also creates opportunities to capture incremental transaction volumes, particularly during seasonal shopping periods and occasions requiring last-minute purchases. Moreover, expanding relationships with specialty retailers should enhance customer engagement, strengthen Uber Eats’ competitive positioning and improve utilization of its delivery network. Over time, these benefits could support higher gross bookings, additional merchant-related revenues and improved operating leverage, although the financial contribution will depend on customer adoption and order volumes.
Last year, Uber inked a deal with retailer Best Buy (BBY - Free Report) for on-demand delivery. The deal brought consumer electronics from more than 800 stores to the Uber Eats platform. Uber Eats is the online food ordering and delivery platform of the company. Following the tie-up, Best Buy customers throughout the United States are eligible to order a wide range of electronics, appliances and tech essentials on Uber Eats for delivery to their doorsteps.
Uber’s agreements with discount retailers Dollar General (DG - Free Report) and Dollar Tree (DLTR - Free Report) were also on the same customer-friendly lines. The tie-up with Dollar General ensured that its more than 14,000 locations arrived on the Uber Eats platform. Following the association, customers are using the Uber Eats app to order food, beverages and other essentials.
The deal with Dollar Tree has also enhanced UBER’s retail delivery capabilities by adding nearly 9,000 stores to the Uber Eats platform. The partnership with Dollar Tree ensures that customers across states can easily access affordable items of everyday use, ranging from party supplies to cosmetics and home essentials for on-demand delivery.
UBER’s Share Price Performance, Valuation and Estimates
UBER’s shares have declined in single digits (%-wise) over the past three months. The stock has underperformed the Zacks Internet-Services industry over the same time frame.
3- Month Price Comparison
Image Source: Zacks Investment Research
From a valuation standpoint, UBER trades at a 12-month forward price-to-sales of 2.25X. UBER is inexpensive compared with its industry.
Image Source: Zacks Investment Research
See how the Zacks Consensus Estimate for Uber’s earnings has been revised over the past 90 days.
View the Zacks #1 Rank List
Image: Bigstock
Sur La Table Joins Uber Eats for U.S. Deliveries: Growth Ahead?
Key Takeaways
Uber Technologies (UBER - Free Report) has announced a partnership with Sur La Table, a specialty kitchenware retailer, to offer customers convenient access to premium cookware, kitchen appliances and culinary essentials through the Uber Eats marketplace. The collaboration will extend across all Sur La Table locations nationwide, enabling customers to place orders for on-demand or scheduled delivery.
Through this partnership, Uber Eats customers can purchase a wide selection of kitchen products, ranging from cookware and baking equipment to everyday utensils and hosting essentials. The assortment includes products from established brands such as Le Creuset and All-Clad. Eligible orders can be delivered in as little as 25 minutes, providing a convenient option for customers seeking last-minute cooking supplies, kitchen appliances or gifts.
Founded in Seattle’s Pike Place Market in 1972, Sur La Table has established itself as a prominent culinary retailer over more than five decades. The company operates stores across the United States and offers thousands of cooking classes annually through its resident chefs. Its integration into Uber Eats extends the retail reach beyond physical stores, allowing customers to access the specialized kitchenware assortment through a digital delivery platform.
The partnership reflects Uber Eats’ continued expansion beyond restaurant deliveries into broader retail categories. With the holiday season approaching, the addition of Sur La Table strengthens the platform’s ability to serve customers looking for cooking supplies, entertaining essentials and last-minute gifts.
Customers can access Sur La Table products by opening the Uber Eats application and selecting the Retail category or searching directly for the retailer. After choosing a participating store, they can browse available merchandise, add products to their carts and select either immediate or scheduled delivery. The platform also allows customers to track their orders in real time.
The partnership strengthens Uber’s position in the growing on-demand retail delivery market by diversifying its Uber Eats marketplace beyond food, groceries and convenience products. Adding Sur La Table’s premium kitchenware assortment could attract new customers, encourage existing users to make purchases across additional categories and increase order frequency.
The collaboration also creates opportunities to capture incremental transaction volumes, particularly during seasonal shopping periods and occasions requiring last-minute purchases. Moreover, expanding relationships with specialty retailers should enhance customer engagement, strengthen Uber Eats’ competitive positioning and improve utilization of its delivery network. Over time, these benefits could support higher gross bookings, additional merchant-related revenues and improved operating leverage, although the financial contribution will depend on customer adoption and order volumes.
Last year, Uber inked a deal with retailer Best Buy (BBY - Free Report) for on-demand delivery. The deal brought consumer electronics from more than 800 stores to the Uber Eats platform. Uber Eats is the online food ordering and delivery platform of the company. Following the tie-up, Best Buy customers throughout the United States are eligible to order a wide range of electronics, appliances and tech essentials on Uber Eats for delivery to their doorsteps.
Uber’s agreements with discount retailers Dollar General (DG - Free Report) and Dollar Tree (DLTR - Free Report) were also on the same customer-friendly lines. The tie-up with Dollar General ensured that its more than 14,000 locations arrived on the Uber Eats platform. Following the association, customers are using the Uber Eats app to order food, beverages and other essentials.
The deal with Dollar Tree has also enhanced UBER’s retail delivery capabilities by adding nearly 9,000 stores to the Uber Eats platform. The partnership with Dollar Tree ensures that customers across states can easily access affordable items of everyday use, ranging from party supplies to cosmetics and home essentials for on-demand delivery.
UBER’s Share Price Performance, Valuation and Estimates
UBER’s shares have declined in single digits (%-wise) over the past three months. The stock has underperformed the Zacks Internet-Services industry over the same time frame.
3- Month Price Comparison
From a valuation standpoint, UBER trades at a 12-month forward price-to-sales of 2.25X. UBER is inexpensive compared with its industry.
See how the Zacks Consensus Estimate for Uber’s earnings has been revised over the past 90 days.
Uber’s Zacks Rank
Uber currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.