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 …

CATERING ORDERS ARE BACK TO PRE-PANDEMIC LEVELS AT OFFICES AND OTHER WORKPLACES

The return-to-office trend is slowly gaining momentum, with more companies, including Starbucks, requiring workers to come in several days a week or more. Although many workplaces still offer a remote arrangement, in 2022, catered lunches grew as an incentive for employees to leave their home workspaces and reclaim their office desks, reports ezCater, an ordering platform …

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 …

DoorDash (NYSE:DASH shareholders incur further losses as stock declines 12% this week, taking one-year losses to 66%

Investing in stocks comes with the risk that the share price will fall. And unfortunately for DoorDash, Inc. (NYSE:DASH) shareholders, the stock is a lot lower today than it was a year ago. In that relatively short period, the share price has plunged 66%. DoorDash hasn’t been listed for long, so although we’re wary of recent listings …

Olo: Strong Value Proposition But Upside Is Limited

Summary Thesis highlight Olo (NYSE:OLO) has a limited upside of ~10%. Olo is a platform that helps restaurants improve their online ordering and delivery operations and better connect with their customers. The US restaurant industry, worth around $700 billion, is experiencing rapid change due to the COVID-19 pandemic and the increasing demand for on-demand commerce solutions. …

There’s A Huge Temporary Growth In Gig Work To Make Ends Meet

A Prudential Pulse survey finds large percentages of millennials, gen Z and women  struggle with finances. The result is more gig work… Nearly half of millennials agree or somewhat agree with the statement “I regularly run out of money and have to rely on credit cards or family for financial support.” Please consider Generational Gap Grows: …

Olo: High Switching Cost Business With 50%+ Margin Of Safety

Summary Investment Thesis From the peak of the 2021-2022 market sell-off, Olo Inc. (NYSE:OLO) lost about 85% of its market capitalisation, experiencing significant multiple contraction along the way. I believe that Olo has robust competitive advantages such as high switching costs and strong network effects, which the company is leveraging in order to capture market share …

Inflation Has Americans Cutting Back on Food Delivery — How Much Is Their Average Savings Per App?

The term “discretionary spending” usually refers to lifestyle “wants” — non-essential pursuits like hobbies, travel and luxury spending. Conversely, non-discretionary “needs” items such as rent, groceries, gas and bills, plus mortgage, car and credit card debt, insurance and healthcare are day-to-day mandatory expenses. Due largely to the pandemic in 2020, the convenience of ordering food from home …

Madison food delivery giant EatStreet predicts insolvency, foreclosure

In a federal court filing last Friday, Madison-based food delivery company EatStreet said it can no longer pay $1.2 million to settle a lawsuit brought by workers, and is likely headed for insolvency and foreclosure. Workers’ attorneys question that claim.  The court filing marks the latest development in a years-long class action lawsuit brought by …