Starbucks partners with Grubhub for delivery

Dive Brief: Dive Insight: Delivery is a significant growth channel for Starbucks, with ticket and transaction growth in the double-digits in the U.S. during the company’s fiscal Q2 2024. The beverage chain is also working on expanding overnight delivery with an unnamed third-party provider. That business could yield $2 billion in business over the next five years. Starbucks …

Amazon now offers Grubhub delivery on its website and app

The new feature is part of an expanding relationship between the two companies that also includes a free Grubhub+ subscription for Prime members. Customers can order food from Grubhub within the Amazon app. | Image courtesy of Grubhub Amazon shoppers can now order restaurant delivery from Grubhub without leaving the Amazon app.  The new feature …

Amazon launches food delivery partnership to take on Uber, DoorDash

If you ever find yourself reminiscing about the days of old, or perhaps even fantasizing about a simpler time, whereby you may have been an 18th century poet or a peasant tilling the farmlands of your feudal lord, pause a moment to consider the consequences.  Sure, it might sound romantic to write sonnets and stanzas …

Grubhub’s Campus Business Grows as Order Volumes Fall

College students aside, fewer Americans are ordering their meals from Grubhub. The food delivery platform’s parent company, Dutch firm Just Eat Takeaway, reported earnings Wednesday (April 17) showing a 6% decline in order volume across its business, and a 12% drop in orders in North America, from 74.1 million in 2023 to 63.9 million this year. Gross transaction value …

Just Eat Takeaway’s Q1 orders ‘disappoint’, shares fall

Just Eat Takeaway reported first-quarter orders below expectations on Wednesday, sending its shares 5% lower. Favoured by investors during the pandemic, shares in delivery firms have moved off those highs in the past two years amid a rampant churn rate. However, they have recouped some losses this year thanks to a rapid margin recovery on …

Just Eat Takeaway held back in 1st quarter by 10% sales decline in US

Just Eat Takeaway.com NV on Wednesday said it has started the year well, with an acceleration in gross transaction value growth in the UK and Ireland, though the food ordering platform still struggled in the US, where it continues to explore a sale of Grubhub. The weakness in the North America division, comprised of 2021 …

Just Eat expects profits to surge by 40% in 2024

ust Eat Takeaway (JET) revealed a reduced annual loss as it put through a lower impairment charge of €1.54bn (£1.32bn) on past acquisitions, as better-than-expected adjusted cash profits (Ebitda) helped the food delivery app return to a positive free cash flow in the second half of its financial year.  A total depreciation, amortisation and impairment charge of €2.14bn this …

Just Eat Takeaway CEO: Grubhub sale attempt has been ‘complicated’

Just Eat Takeaway’s pending sale of Grubhub has been complicated, CEO Jitse Groen told investors Wednesday. Groen said conversations are ongoing, but M&A activity in the U.S. has been slow. Existing fee caps, especially in New York City, have made conversations regarding the sale difficult, especially since they make “it tough to put a decent multiple on Grubhub,” he …

NYC’s delivery fee cap is complicating a Grubhub sale

New York City’s delivery fee cap is hampering the potential sale of Grubhub, owner Just Eat Takeaway.com (JET) said Wednesday. The cap, which limits third-party delivery commissions to 20% of the order total, is currently under review by the City Council and the subject of a lawsuit from Grubhub, DoorDash and Uber Eats.  Its uncertain …

Just Eat Earnings: Profit and Free Cash Flow Ahead While Fiscal 2023 Guidance Achievable

Just Eat Takeaway TKWY reported half-year 2023 results with total orders down 12% and gross transaction value down 7%, broadly in line with expectations. The Southern Europe, Australia, and New Zealand market, and Grubhub continue to be the main detractors with orders down 17% and 15% respectively. On a positive note, GTV and revenue improved in the …