Could These 3 Companies Still Buy GrubHub?

Grubhub‘s (NYSE:GRUB) stock popped on Jan. 8 after The Wall Street Journal claimed that the food delivery company was mulling a potential sale. However, most of those gains faded the following day after Grubhub denied the rumors. Grubhub stated that it “unequivocally” isn’t running a sale process and that there were “currently no plans to do so.” But this isn’t the […]

Taco Bell Tests Order Ahead on Grubhub

Taco Bell wants to put its chalupas and double decker tacos in as many hands as possible, and Grubhub is happy to assist. Yum Brands CEO Greg Creed told investors on the company’s first-quarter earnings call on Wednesday that, following Taco Bell’s nationwide rollout of delivery through Grubhub in February, the chain is in the process […]

Pizza Hut Delivery Works, Dine-In Does Not

Pizza Hut’s growth strategy reflects what pizza fans have known for decades: Delivery works. Yum Brands CEO Greg Creed re-explained this strategy on the company’s first-quarter earnings call Wednesday, as Pizza Hut’s struggling dine-in business continues to weigh it down. Dine-in sales lag behind off-premise sales line growth by 7 percentage points, according to the company. […]

Yum! Brands Gets a Boost as Taco Bell Delivery Catches On

KFC and Taco Bell have again propped up parent Yum! Brands Inc., whose total sales topped estimates last quarter, but the company’s Pizza Hut chain is another story. The shares fell the most in almost three months. The rut in its pizza business is showing no signs of abating, even in the U.S. where Yum […]

Grubhub Breaks Down Its Chain Partnerships Strategy

Grubhub has big plans for its enterprise restaurant business in 2019. The company cited its Yum Brands partnership as the model by which it wants to pair up with many other restaurant chains in the future, according to plans outlined during its fourth quarter earnings call on Thursday. Yum poured $200 million into Grubhub back in […]

Yum Brands’ Franchisees Don’t Pay Delivery Fees, Thanks to Grubhub Partnership

When Yum Brands announced its partnership with Grubhub earlier this year, the company made sure that the delivery integration would work out favorably for its franchisees. According to details of the partnership terms discussed at Yum Brands’ annual investor day, Taco Bell and KFC franchise owners aren’t paying any extra delivery fees, but are instead making the same […]

Yum! Brands’ Pizza Hut Acquires QuikOrder to Boost Delivery

Yum! Brands, Inc.’s YUM subsidiary brand Pizza Hut announced that it entered a definitive merger agreement with a leading online ordering software and service provider in the restaurant industry named QuikOrder. The acquisition, which will be the largest one for Pizza Hut till date, is expected to close this month. The acquisition will allow Pizza […]

Yum Drops the Most Since 2015 After Sales Growth Falls Short

Yum! Brands Inc.’s KFC and Pizza Hut haven’t kept up with rivals amid steep fast-food discounting. Comparable sales trailed estimates in the first quarter, as diners flocked to competitors including McDonald’s Corp. and Burger King for inexpensive fast food. That sent the shares down the most in 2 1/2 years. …With delivery becoming increasingly important, Yum Brands in February agreed […]

Yum! Brands (YUM), Grubhub (GRUB) Announce Partnership; YUM to Purchase $200M of Common Stock

Yum! Brands (NYSE: YUM), one of the world’s largest restaurant companies, and Grubhub (NYSE: GRUB), the nation’s leading online and mobile takeout food-ordering company, today announced a new partnership to drive incremental sales to KFC and Taco Bell restaurants in the U.S. through online ordering for pickup and delivery. YUM also entered into an agreement with Grubhub […]

GrubHub quarterly profit beats as more diners order food online

Feb 8 (Reuters) – GrubHub Inc on Thursday reported a quarterly profit that beat analyst’s estimates, and said Yum Brands Inc would buy a 3 percent stake in the online food delivery company, sending its shares up 20 percent in premarket trading. GrubHub continued to add restaurants to its network in the fourth quarter with […]