Waitr Closes Three Payment Processing Acquisitions

Waitr, the Louisiana-based food ordering and restaurant delivery platform, has completed the asset acquisitions of three payment processing companies that CEO Carl Grimstad said are critical to the company’s future growth strategy. Announced just before the Labor Day holiday, Waitr has acquired ProMerchant, Flow Payments and Cape Cod Merchant Services, three players in the merchant …

Waitr reports drop in revenue for second straight quarter, rise in labor cost

Waitr had a slight drop in revenue in the second quarter compared to a year as the company continues its expansion into new markets and hire drivers. Revenue in the second quarter was $49.2 million, down form the $50.9 million in the first quarter and $60.5 million in the second quarter 2020, company officials reported …

FOD Delivery Price Inflation Test

Whether it’s headlines, grocery store receipts or your bank account, it’s hard to avoid noticing inflation in the United States has increased, reaching a 13-year-high in July. Personal experience has shown that includes meal delivery, too, as third-party providers remain under pressure to become profitable and restaurants struggle under the weight of an 18-month-long pandemic …

Waitr: Pivoting to payments

The small third-party delivery provider has always been content to zig where larger competitors like Uber Eats and DoorDash have zagged. It is continuing to do that in earnest by expanding its business to include payment processing, executives revealed on Waitr’s second quarter earnings call Monday.  That move will be jump-started by the acquisition of three companies that process payments for merchants—ProMerchant, Cape Cod Merchant Services and Flow …

Waitr will soon get a new name after settling $4.7M trademark lawsuit

Lafayette-based food delivery service Waitr agreed to pay $4.7 million to a similar business in California over trademark issues and is changing its name. Waitr has been riding high on the delivery wave during the coronavirus pandemic, diversifying revenue streams as the business looks to continue its path to consistent profitability. The company has started delivering groceries, …

WAITR ANNOUNCES LAUNCH OF CORPORATE REBRAND INITIATIVE

LAFAYETTE, La.-(BUSINESS WIRE)- Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr” or “Company”), a leader in on-demand food ordering and delivery, announced it has launched a strategic initiative to change its name and visual identity in a comprehensive rebrand, to be effective within the next 12 – 18 months. The rebranding strategy reflects the Company’s ongoing commitment …

Waitr buys MS Coast restaurant delivery service. What’s next includes a new name

What started three years ago as one of the first restaurant-to-home delivery services in South Mississippi boomed during the pandemic and now is Bite Squad. Anthony Depreo said he founded Tiki Delivery in Diamondhead in May 2018 as “a one man show,” contracting with three restaurants in Bay St. Louis for delivery service. In December …

Waitr buys Florida-based Delivery Dudes for $23M

Dive Brief: Waitr has acquired Delivery Dudes, a Florida-based food delivery company, for approximately $23 million in stock and cash, according to a press release. Delivery Dudes operates in small- and medium-sized markets in over 50 cities, mainly located in South Florida. The transaction is expected to close by the end of this week. Delivery Dudes’ ordering …

WAITR TO ACQUIRE FLORIDA-BASED DELIVERY DUDES FOR $23M

Delivery company Waitr is acquiring Delray Beach, Fla.-based provider Delivery Dudes for $23 million in stock and cash, the company announced Tuesday. The move will help Lafayette, La.-based Waitr expand its footprint in the Sunshine State, where it currently operates in eight markets. Delivery Dudes is concentrated in small and medium-sized markets mainly in South Florida and …

Waitr posts fourth-quarter profit

Waitr posted a fourth-quarter profit of $2.6 million, compared to a $21.6 million loss in the same period a year ago. On a per-share basis, the Lafayette-based company had net income of 2 cents, compared to last year’s 28-cent loss. For the year, the food delivery service had net income of $15.8 million, or 15 cents …