GrubHub (NYSE:GRUB): Q4 Non-GAAP EPS of -$0.41 misses by $0.45; GAAP EPS of -$0.73 misses by $0.43.
Revenue of $503.74M (+47.6% Y/Y) misses by $3.72M.
Active Diners up 39% Y/Y to 31.4M; Daily Average Grubs up 31% Y/Y to 658,100; Gross Food sales grew 52% Y/Y to $2.4B.
Gross Food Sales: $2.4 billion, a 52% year-over-year increase from $1.6 billion in the fourth quarter of 2019.
“We remain steadfast in our support of our restaurant partners as the ongoing pandemic continues to weigh on their businesses and their local communities. From increased marketing spend and reduced commissions, to winterization grants and free digital ordering tools, we continue to be fully committed to assisting our restaurant partners,” said Matt Maloney, Grubhub founder and CEO. “Looking ahead, we’ve been working closely with the Just Eat Takeaway.com team on integration planning and continue to expect the transaction to close in the first half of 2021.”
