Just Eat Takeaway shares rise as ING predicts 2023 profit jump

Just Eat Takeaway (AS:TKWY) shares climbed towards the top of the pan-European Stoxx 600 on Monday after analysts at ING said they expect the Amsterdam-listed food delivery service to post strong returns in 2023. In a note to clients, the analysts predicted that Just Eat may report “quite significant profit” this year, citing the impact …

Just Eat orders drop in latest quarter amid online food slowdown

Just Eat food delivery service saw customers place fewer orders than expected in its latest quarter amid rising living costs and a slowdown in growth for the online food sector. The total value of orders placed on Amsterdam-based Just Eat’s platform during the fourth quarter was €7.1bn, the company reported, compared to an average analyst …

Grubhub Parent Focused on Profitability Amid Slump in Orders and Spending

With aggregators increasingly operating at a profit, those that are not may get left behind. In the past couple of quarters, Just Eat Takeaway.com has been making a profit for the first time since lockdown, even as sales have fallen. The company discussed this turnaround on a call Wednesday (Jan. 18) accompanying its fourth-quarter 2022 financial results. “[We …

Grubhub must pay DC $3.5 million over claims it charged customers hidden fees

Grubhub has been ordered to pay $3.5 million to settle a lawsuit from the District of Columbia that claims the company misled customers by tacking on hidden fees to their orders. According to a press release, Grubhub must pay $800,000 to DC as a civil penalty, while the remaining $2.7 million “will be paid back to affected customers.” …

33% Of People Trust This Food Delivery App The Least- Mashed Survey

For those of you who came of age in the post-delivery app era, it may come as somewhat of a shock to hear tales of the olden days when ordering out for dinner generally meant a choice of Domino’s, Pizza Hut, Papa John’s, and maybe, if you were really lucky, a local Chinese carryout. Otherwise, …

Grubhub says it’ll be more transparent about how it marks up food prices at local restaurants

Grubhub will be more transparent about its pricing after the Pennsylvania attorney general’s office found that the popular food delivery app charged customers more for some meals than they would have paid at the restaurants. The Chicago-based company will also pay a total of $125,000 to several Pennsylvania food banks, including Philabundance, in lieu of …

GRUBHUB TO PAY $42M TO SETTLE CLAIM IT MISLED INVESTORS

Third-party delivery provider Grubhub agreed to pay $42 million to settle a proposed class-action lawsuit that claimed the company misled investors about its performance. The suit, filed in 2019 in U.S. District Court in Illinois, is related to a pivotal expansion push made by Grubhub in 2018 as it raced to keep up with competitors. …

How an Encounter with the ‘Armpit of Destiny’ Helped the Founder of Grubhub Take His Business from His Apartment to a $2 Billion IPO

As he writes in his memoir, the story starts with an armpit. In 2002, Mike Evans, co-founder of Grubhub, was a restless coder at a tech company who dreamed of finding a better — more seamless, you might say — way to order food, specifically online. But he couldn’t find the motivation to actually do it. “Plenty of …

Grubhub to deliver Rite Aid products in 16 states

Dive Brief: Dive Insight: Grubhub said drugstore goods would do well on delivery services as customers are less likely to travel and more likely to order delivery when sick. Roughly 47% of customers wouldn’t want to visit a drugstore while ill, and 67% would want to order over-the-counter medicine from a delivery service, according to a …

Pizza, Databases, and an Armpit: The Founder of Grubhub Explains Its Origins

In Hangry: A Startup Journey, Grubhub founder Mike Evans explains the humble beginnings of what would become a massive food delivery empire. In the days before he helped launch said empire, Evans was a lot like the rest of us—hustling to get through another workday and wracking his brain to figure out how to feed himself …