May 6 might just go down in history for DoorDash. On the same day it shared first quarter financial results—it reported profit of $193 million, a reversal of its loss of $23 million a year ago and announced two major acquisitions. In a move aimed at increasing its global presence, San Francisco-based DoorDash announced a …
Continue reading “Behind the Scenes With DoorDash, Uber Eats and Grubhub”
Dive Brief: Dive Insight: Despite having a successful IPO, the chain has struggled in recent quarters, laying off 9% of its corporate staff in September to position the company for balanced growth. That was in addition to an 11% cut to its staff in June 2023. Tech companies have struggled on the stock market in the past few years. …
The U.S. economy added 151,000 workers in February, according to federal data released Friday, while the unemployment rate ticked up to 4.1%. Hiring picked up slightly from January but fell short of the average number of jobs added each month in 2024. The restaurant industry cut 27,500 jobs in February, deepening this year’s workforce decline that …
Continue reading “The restaurant industry cut nearly 28K jobs in February”
It might come as second nature to many to order takeout through an app on their phones and have it delivered straight to their doorstep, especially when they are too lazy to pick it up themselves. However, it wasn’t that long ago that the only way to get takeout was to pull out the Yellow …
Continue reading “Popular delivery service makes harsh decision amid struggles”
Former GrubHub owner and food delivery business Just Eat Takeaway has been acquired up by a backer of German rival Delivery Hero for $4.2 billion Just Eat’s board unanimously approved the takeover by the South African-owned internet investor Prosus, just two months after it left the London Stock Exchange. And the all-cash deal comes six …
Continue reading “Former GrubHub Owner Just Eat Takeaway Bought In $4.2 Billion Deal”
A part-time Pizza Hut driver says his store has offloaded deliveries to popular applications like DoorDash and UberEats. Neil Blevins (@neilblevins143) says he was informed by management that his position as a food deliverer will no longer be available. Instead, the business will rely solely on food transport apps. He says he posted his video to raise …
DoorDash, UberEats, and GrubHub, the three major players dominating third-party food delivery, participated in the “Third-Party Delivery Deep Dive” panel at Food On Demand 2024. The delivery-provider representatives knew they had some skeptics in the audience as not all operators are thrilled with the cut providers take and the parsimonious nature of how they share data. …
Continue reading “Third-Party Delivery Providers Make Their Case”
Netherlands-based food delivery company Just Eat Takeaway.com said on Wednesday that it is selling its U.S. business Grubhub to New York-based Wonder Group in a deal valued at $650 million — a stark 91% less than the $7.3 billion Just Eat Takeaway paid for the company just four years ago. The deal is expected to close in the …
Continue reading “After years of trying, Just Eat Takeaway is selling Grubhub to Wonder for $650M”
Investing.com– DoorDash Inc (NASDAQ:DASH) reported its first-ever quarterly profit as a public company and beat revenue expectations for the third quarter of 2024. Still, shares slipped 1% in after-hours trading. The food delivery giant posted adjusted earnings per share of $0.38, surpassing analyst estimates of $0.20. Revenue rose 25% year-over-year to $2.71 billion, exceeding the …
Continue reading “DoorDash reports first-ever quarterly profit, revenue beats estimates”
Third-party delivery company Grubhub continues to see fewer orders, even as its competitors keep growing. Orders for parent company JustEatTakeaway’s (JET’s) North American business fell 11% in the third quarter, continuing a long streak of declines. Orders are down more than 26% over the past three years, from 91 million in the third quarter of …
Continue reading “Grubhub keeps shrinking, and that’s kind of the point”
