As of January 28, Bite Squad (Website) is pick-up only in Orlando. The delivery (or non-delivery) company notified local users earlier this week to notify them that they would no longer be offering delivery service in the area. They would, however, continue allowing users to order ahead at restaurants via their platform for arranged take-out […]
Tag Archives: Bite Squad
Bite Squad gobbles up local food delivery service
JONESBORO, Ark. (KAIT) – Food delivery service Bite Squad announced Tuesday it had acquired its competition, Jonesboro2go. The consolidation, according to a news release, means customers will have more than 70 restaurants to choose from, with more expected to be added in the coming weeks. Jentry Kaiser, Bite Squad’s new market manager and former general manager for […]
Bite Squad bails on three Minnesota cities
Bite Squad, the restaurant delivery service, will halt service in St. Cloud, Rochester and Duluth next month, just months after launching in the Minnesota cities. The St. Cloud Times reports on the announcement by Bite Squad, which got its start in the Twin Cities market but was bought earlier this year by Waitr Holdings Inc. (NASDAQ: WTRH) of Lake Charles, […]
Bite Squad delivered food, but also mixed results for St. Cloud businesses
ST. CLOUD — Delivery eaters using Bite Squad to access restaurants may have to find another way to get their dinner dropped at their door next month. But some participating restaurants do not anticipate being heavily affected by the service’s upcoming discontinuation in St. Cloud. Bite Squad, a food delivery service, will no longer deliver […]
Bite Squad to End Service in 3 Minnesota Cities
Around this time last year, we predicted that small- to mid-sized U.S. cities would be key battlegrounds in the war to win food delivery, and that this expansion would give smaller services a chance to stand out. We were half right. Restaurant food delivery has indeed made its way to every conceivable corner of the nation, and […]
Bite Squad stopping service in Duluth, St. Cloud, Rochester
Bite Squad will stop its meal-delivery service Dec. 5 in Duluth, St. Cloud and Rochester. Since the Louisiana company Waitr bought Bite Squad for $321 million in January, it doubled its footprint to reach 700 towns and cities in 27 states between the two app-based delivery services. However, earlier this month, as it essentially wrote […]
Waitr: What We Got Wrong
Q3 results were a disaster, missing all our targets substantially. Expenses remained elevated and revenues declined sequentially, leading to elevated losses. A lawsuit targets Waitr management for lying to investors and shows the poor fundamentals. We have learned not to invest in SPACs as management are incentivised to do less due diligence. When we first […]
Company that bought Bite Squad signals it paid way too much
The company that in January bought Bite Squad, the Minneapolis food-delivery firm, on Thursday wrote off much of that deal. It had been the most valuable acquisition involving a Twin Cities tech startup this decade. Waitr Holdings Inc. disclosed a $192 million write-off as it announced quarterly results Thursday, contributing to a $220 million loss […]
Louisiana-based food delivery company Waitr goes deeper into the red in third quarter
Louisiana-based food delivery company Waitr will cease operations in 38 “clearly unprofitable” markets over the coming months as the company’s leadership tries to find a “trajectory for a sustainable business,” CEO Adam Price told investors Thursday. The third quarter of 2019 — Price’s first quarter as CEO after founder Chris Meaux resigned and took a position on […]
Waitr reports net loss of $220M; company looks to stay independent
Waitr Holdings Inc., the Lake Charles-based mobile app food delivery business, went deeper into the red as the company reported a net loss of $220.1 million, or $2.89 per share, as of third quarter. By comparison, Waitr lost $6.5 million during third quarter 2018. About $192.1 million of the losses stemmed from goodwill and intangible […]