Cuboh Gears Up for Digital Product Launches, Overseas Expansion

When COVID-19 closed down restaurant dining rooms, it forced restaurants to adapt to a new digital world. That opened up a range of new possibilities, from simple marketing to ghost kitchens and virtual restaurant brands, but it also created a new set of headaches. Orders now come in from disparate channels instead of just in-house, …

Just Eat Takeaway shifts to a lower gear

Growth at Just Eat Takeaway has slowed down considerably over the fourth quarter. Nevertheless, the meal delivery company is gradually pedalling towards profit: the margin will still be negative this year – but only just. 1.1 billion orders Just Eat Takeaway received a third more orders in 2021 and reached the one billion mark: in total, the company …

Just Eat Takeaway maintains 2022 forecasts as orders climb

AMSTERDAM (Reuters) – Just Eat Takeaway.com, Europe’s largest meal delivery company, reported a 14% increase in orders in the fourth quarter on Wednesday in line with expectations and maintained its financial forecasts for 2022. In a trading update, the company said it had delivered 273.7 million orders in the fourth quarter of last year, up …

Waitr will rebrand to ASAP, cannabis will be a key focus

Waitr will rebrand to ASAP later this year to emphasize the company’s involvement in delivery verticals outside of restaurants, Waitr CEO Carl Grimstad said during a presentation at the ICR 2022 Conference on Tuesday.  Cannabis will be a key element of the company’s differentiation from delivery rivals. The aggregator is poised to succeed in the …

NEWPORT FOOD SCENE: Meal delivery is here to stay, so be kind, be patient and tip well

Now that we are in the heart of winter and dealing with the usual mayhem of New England weather (snow, rain, gale force winds, nor’easters, etc.), we need to take a moment to celebrate an unheralded hero: food delivery drivers. Through it all, they are willing to brave the elements, guided only by their guile …

Olo CEO Noah Glass: Three Predictions for 2022

Olo CEO Noah Glass shared his three top predictions for 2022 as the company embarks on its first full year as a public company. Aside from going public, Glass and Olo (NYSE: OLO) had a pretty good year as one of the go-to enterprise solutions for omnichannel restaurant transactions. He wrapped up 2021 and looked ahead …

Half of U.S. Consumers Now Using Meal Delivery as Sales Grow

Restaurant meal delivery in the U.S. hit a key milestone before the holidays, as 50 percent of American consumers have now ordered from one of the major meal delivery services, up from 44 percent a year ago, according to the latest figures from Bloomberg Second Measure. As part of its latest analysis of millions of …

With staff out sick and customers wary of omicron, CT restaurants open and close with ‘a lot of unknowns’

Omicron is the latest curveball to hit the beleaguered restaurant industry, as staff get sick or exposed to COVID and customers lose confidence in indoor dining during the latest surge of cases. As Connecticut reported a 21.5% positivity rate Monday, schools have closed and cities and towns have rushed to distribute at-home COVID test kits to residents, where demand has …

Moody’s Downgrades Grubhub

Moody’s Investors Services, the highly visible bond credit rating business, downgraded its outlook for Grubhub while maintaining a stable outlook for the third-largest U.S. restaurant delivery provider. The ratings firm cited erosion in Grubhub’s liquidity, sustained negative EBITDA and a decline in cash and short-term investments. Moody’s downgraded Grubhub Holdings Inc’s Corporate Family Rating (FR) …

Transatlantic food delivery value gap will narrow

HELSINKI, Dec 3 (Reuters Breakingviews) – Investors on either side of the Atlantic have different appetites for food delivery companies. That’s one explanation for the valuation gap between DoorDash (DASH.N) and Just Eat Takeaway.com (TKWY.AS). The rivals have similar revenue and growth prospects, but the U.S. group’s $57 billion market capitalisation is four times that of its European …