Summary Waitr owns two food delivery platforms, Waitr and Bite Squad. The company had to write down $192 million in goodwill from the investment in Bite Squad in 2019 after its stock price plummeted. Although the company had shown some recovery in 2020, its 2021 sales and profitability figures are down again. The company reached …
Tag Archives: Bite Squad
WAITR ANNOUNCES LAUNCH OF CORPORATE REBRAND INITIATIVE
LAFAYETTE, La.-(BUSINESS WIRE)- Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr” or “Company”), a leader in on-demand food ordering and delivery, announced it has launched a strategic initiative to change its name and visual identity in a comprehensive rebrand, to be effective within the next 12 – 18 months. The rebranding strategy reflects the Company’s ongoing commitment …
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Waitr buys MS Coast restaurant delivery service. What’s next includes a new name
What started three years ago as one of the first restaurant-to-home delivery services in South Mississippi boomed during the pandemic and now is Bite Squad. Anthony Depreo said he founded Tiki Delivery in Diamondhead in May 2018 as “a one man show,” contracting with three restaurants in Bay St. Louis for delivery service. In December …
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Food delivery service app Bite Squad grows Orlando presence with new jobs
A Minneapolis-based food delivery service is ramping up its growth in Orlando with lots of new jobs. Bite Squad plans to hire more than 200 contract drivers in the metro area. That comes as restaurants have seen an increase in take-out and delivery orders due to the Covid-19 pandemic. “These positions not only will help …
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Bite Squad is Back in Growth Mode
Bite Squad—a third-party delivery platform that’s a subsidiary of Waitr—is back in growth mode, according to various news reports, as it looks to add hundreds of new drivers in key markets, along with new executive team members and expanding its delivery service in Oahu, a critical market for the brand. The Minneapolis-St. Paul Business Journal …
Waitr was $291 million in the red during 2019, cash on hand drops to $30 million
Louisiana online food delivery ordering tech startup Waitr Holdings Inc. was $291 million in the red during 2019, which is a loss of $4 per share, compared to a $34 million, or $2 per share, loss in 2018. Waitr’s fourth-quarter earnings were also down as it lost $21.6 million in the last three months of …
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Bite Squad parent drops drivers in switch to gig-worker model
The parent company of Bite Squad plans to lay off the food-delivery service’s employee drivers within the next six weeks, intending to convert them into independent contractors. Based in Minneapolis, Bite Squad was purchased in 2019 for $321 million by Waitr Holdings Inc. (Nasdaq: WTRH) of Lafayette, La. The company previously announced plans to lay off about …
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Landshark Delivery acquired by Bite Squad
As a locally owned business, Landshark Delivery helped make eating easier for Oxford residents and students for years. Landshark is still around, but this week they became part of a national brand. Bite Squad announced the acquisition of Landshark Delivery effective as of Wednesday, bringing the Oxford business into the fold along with other cities …
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Bite Squad nixes delivery and goes pick-up only
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 …
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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 …
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