Just Eat Takeaway.com on Wednesday laid out its plan to gain market share by expanding its delivery network, investing in customer acquisition and lowering fees across its 23 global markets—which will soon include the U.S. The Amsterdam-based delivery company is in the process of acquiring Grubhub in a $7.3 billion transaction set to be completed in the first half of …
Continue reading “GRUBHUB’S NEW OWNER OFFERS GLIMPSE OF POTENTIAL U.S. STRATEGY”
AMSTERDAM (Reuters) – Just Eat Takeaway.com expects further growth in 2021 after a surge in business during the COVID-19 pandemic helped it meet expectations for full-year 2020 earnings, the online food-ordering and delivery company said on Wednesday. It expects to win market share in Britain in 2021, and achieve revenue growth, despite plans by rival …
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Food delivery services may be convenient, especially with an app, but one bakery in downtown Syracuse recently went toe-to-toe with GrubHub to get its name removed from the service. Rebecca Riley owns Peace, Love, and Cupcakes. She says her bakery was recently added without her permission. She found out about it when a delivery driver …
Let’s say you order food from your favorite restaurant. You use Grubhub or another online platform, like DoorDash or Uber Eats, to have it delivered. You may assume that the restaurant has a business relationship with that delivery service. But that’s not always the case. Increasingly, restaurants in Central New York have been complaining that they’ve been …
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MILAN, Illinois (WQAD) — What could be considered a convenience for some in the Quad Cities turned into a headache for some local restaurant owners. The Staff at Bowlyou’s Ice Cream and Grill in Milan has been feeling the cold. “It impacts more than, you know, the reviews, it impacts our staff financially,” said April …
Summary Grubhub reported strong Q4 earnings, highlighting what has been a good year for the delivery business. The company agreed to sell for $7.5 billion ($75 per share) in June, which might have been too cheap considering its growth aspects. The market remains extremely saturated and investments can be highly risky, which is why an …
Continue reading “Grubhub: The Business Shouldn’t Have Sold”
CHICAGO, Feb. 3, 2021 /PRNewswire/ — Grubhub Inc. (NYSE: GRUB), a leading online and mobile food-ordering and delivery marketplace, today announced financial results for the fourth quarter and full year ended December 31, 2020 and also posted a letter to shareholders on its investor relations website. For the fourth quarter, the Company reported revenues of $504 million, which is a 48% year-over-year …
Continue reading “Grubhub generates 48% revenue growth in the fourth quarter”
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 …
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California-based workers for food delivery app Grubhub have reacted angrily to changes to the platform which they say discourage tipping, saying they would wipe out the supposed benefits of new gig worker rules in the state. Last month, California passed Proposition 22, which though falling far short of the benefits received by full-time employees, gave …
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Grubhub unveiled new tools that allow customers to order food straight from restaurants without requiring the eateries to pay commission fees. Third-party delivery companies make the bulk of their revenue charging restaurants anywhere from 15% to 30% on every order. The National Restaurant Association estimates that 110,000 establishments have shut down, either permanently or long …
