On-demand delivery app Waitr adds 700 7-Eleven stores

Waitr has long been in the shadows of giants. The forgotten sibling of Uber Eats, DoorDash and Grubhub was born in Lake Charles, Louisiana, in 2013 before spreading quickly across the American South. But with less than a 1% share of the U.S. food delivery market today, Waitr (NASDAQ: WTRH) is looking to ditch restaurant deliveries in favor of non-restaurant verticals …

Waitr posts $77M loss in first quarter of 2022 due to $67M ‘goodwill impairment’ tied to stock price

Delivery app Waitr posted a loss of more than $77 million in the first quarter of 2022, though it attributed a $67 million chunk of the shortfall to a “goodwill impairment” tied largely to its paltry stock price, according to the company’s latest earnings report. For comparison, the Lafayette-based delivery app posted a $3.7 million loss …

Waitr adjusts driver pay, adds new GasCard program

Dive Brief: Waitr has debuted a GasCard program that gives drivers 5% off on gas from all major gas stations and is adjusting driver pay to offset historically high gas prices, according to a press release emailed to Restaurant Dive. The release did not disclose how driver compensation would change.  Waitr joins DoorDash, Grubhub and Uber …

Waitr adds chief information officer as it expands business model

Dive Brief: Waitr on Monday named restaurant industry veteran Matthew Coy as its chief information officer. Coy most recently served as vice president of technology at Donatos Pizza. Before that Coy was the director of IT for Chipotle. It appears Coy will be the first to hold the CIO position at Waitr.  Coy’s experience includes transitioning both Donatos and …

Waitr’s $90 million deal with cannabis dispensary software company goes up in smoke

Waitr will no longer acquire a software firm that specializes in serving cannabis dispensary retailers, but said it will continue to pursue a “potential business relationship” with the company. The Lafayette-based delivery app’s parent company, Waitr Holdings Inc., announced in December that it had signed a non-binding letter of intent to buy Retail Innovation Labs …

Waitr Reports Fourth Quarter and Full Year 2021 Results

LAFAYETTE, La.–(BUSINESS WIRE)–Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr” or the “Company”), a leader in on-demand ordering and delivery, today reported financial results for the fourth quarter and year ended December 31, 2021. “Additionally, as previously announced, we have acquired the ‘ASAP.com’ domain name in connection with our rebranding strategy. We expect that ‘ASAP’ will serve …

Waitr once again faces Nasdaq delisting due to low stock price

Waitr, the delivery service app based in Lafayette, has acknowledged in federal filings that its stock price has again fallen so low that it faces a delisting threat from Nasdaq. Meanwhile, an early investor in Waitr is leaving the company’s board, according to a resignation letter filed with the Securities and Exchange Commission on Feb. 10. …

Waitr Announces New “Ghosts” Restaurants To Platform In New Deal With Nextbite

LAFAYETTE, LA – Lafayette-based Waitr announced it has expanded its partnership with the virtual restaurant company Nextbite. The updated deal adds even more of Nextbite’s delivery-only restaurants to the Waitr platform – significantly increasing customer options. New virtual restaurants – also known as ghost kitchens – that will soon be available are TZKi, Veg-e-licious, Hatch House, Crack’t and Lucky Dragon Fried Rice. …

Waitr Continues With Dilutive Acquisitions While Searching For A New Business Model

Summary Waitr owns two food delivery platforms, Waitr and Bite Squad. The company had to write down $192 million in goodwill from the investment in Bite Squad in 2019 after its stock price plummeted. Although the company had shown some recovery in 2020, its 2021 sales and profitability figures are down again. The company reached …

TECH ROUNDUP: THE CASE FOR GOOGLE ORDERING

I have written frequently about Google ordering over the past year or so. I thought it would be one of the biggest trends of 2021, and at the end of the year I was a bit surprised that I wasn’t hearing more about it.  The feature added in 2018 allows customers to order from a restaurant within …