Welcome to our dedicated page for GrubHub news (Ticker: GRUB), a resource for investors and traders seeking the latest updates and insights on GrubHub stock.
Grubhub (GRUB) operates a leading food ordering platform connecting diners with local restaurants across the United States. This news hub provides investors and industry observers with essential updates on corporate developments, strategic partnerships, and operational milestones.
Access official press releases, earnings reports, and analysis of key initiatives including technology integrations like Olo Dispatch and expansion of campus dining programs. Our curated collection helps stakeholders monitor GRUB's market position in the competitive food delivery sector.
Discover updates on merchant network growth, loyalty program enhancements, and logistics innovations. Bookmark this page for timely insights into how Grubhub continues to shape the future of digital food ordering through technology-driven solutions.
Grubhub announced the national launch of its branded convenience delivery service, Grubhub Goods, expanding to over 3,000 locations countrywide in partnership with 7-Eleven. Following a successful pilot in New York, this initiative aims to enhance the variety of choices available to diners through convenience items delivered via Grubhub. To celebrate, Grubhub is offering 50% off on orders over $15.
This growth is expected to generate increased orders and engagement across Grubhub's marketplace, emphasizing the synergy between convenience items and restaurant orders.
The United States Hispanic Chamber of Commerce Education Fund and Grubhub have launched a Restaurant Small Business Grant Program, providing $2 million in grants to support Hispanic-owned restaurants facing challenges due to the pandemic. Grants will range from $5,000 to $10,000 with nearly 300 grants available across major U.S. cities. Eligible restaurants must be majority Hispanic-owned, have under 20 full-time employees, and have been in operation for at least nine months. Applications are open until January 26.
Grubhub and The Greg Hill Foundation announced the awarding of over $4 million in grants to 379 restaurants across the U.S. as part of the All Day Campaign. Grants ranged from $5,000 to $50,000, aimed at helping restaurants improve indoor and outdoor dining, upgrade equipment, and cover operational costs. This initiative marks the third support program by Grubhub for restaurants recovering from the pandemic. Notable recipients included restaurants in Baltimore, Boston, and New York City. Grubhub continues to support local eateries through its Donate the Change program.
Grubhub released its annual 'Year in Food' report, analyzing orders from over 32 million diners in 2021. The report highlights significant trends, with the Impossible cheeseburger surging 442% in popularity. Other popular items include shredded pork tacos and apple pecan chicken salads. Grubhub also noted a rise in vegan and vegetarian orders, with a 16% increase for vegan items. Additionally, Grubhub raised over $30 million to support restaurants and charities through various initiatives. The report includes a forecast for 2022, predicting a continued interest in diverse food trends.
Grubhub has announced the launch of its robot delivery service at the University of Arizona, marking its second campus deployment with Yandex Self-Driving Group's technology. This initiative allows over 35,000 students to order from various on-campus dining locations via the Grubhub app, with deliveries made by autonomous rovers. The robots can navigate various conditions at speeds of 3 to 5 mph, operating seven days a week. Grubhub's partnership with the university aims to enhance the dining experience and streamline food delivery for students.
Cat Rock Capital has highlighted the significant strategic value of Grubhub within the US same-day delivery market, estimated at
Cat Rock Capital, holding 6.5% of Just Eat Takeaway.com's shares, is pushing for a sale or spin-off of Grubhub by December 31, 2021, to address the company's undervaluation. JET's stock trades below 8x EBITDA, indicating a significant mispricing of its assets. The Grubhub acquisition, which reduced JET's financial flexibility, is attributed to a negative valuation of €14 billion. Cat Rock emphasizes Grubhub's strong performance metrics, including $10 billion in GMV and extensive restaurant partnerships, suggesting that unlocking Grubhub's value could lead to over 100% appreciation in JET's stock.
Grubhub and The Greg Hill Foundation have announced a $4 million grant program to support restaurants affected by the pandemic. The grants, ranging from $5,000 to $50,000, will assist with improvements in dining, technology upgrades, marketing, and compliance with Covid-19 safety measures. Eligible restaurants in cities like New York, Chicago, and Boston can apply starting October 13, with applications closing on October 20. Grubhub's support stems from donations made through its Donate the Change program.
The Washington Football Team has partnered with Grubhub to enhance in-stadium dining at FedExField. This innovative collaboration allows fans to order food via the Grubhub app or QR codes, streamlining the dining experience while reducing wait times by an average of 50%. The service utilizes geolocation technology to connect fans with nearby vendors, offering around twenty options, including four exclusive Grubhub locations. This is the first professional sports partnership for Grubhub, aiming to revolutionize game day experiences.
Hard Rock International is partnering with Artists Den for the second season of the digital series "Live from My Den". This series features extraordinary artists performing from their spaces, with seven episodes to be showcased on Variety.com and select Hard Rock locations. Each episode will highlight a local charity, with Hard Rock and Artists Den promoting community support through Delivering Good and Grubhub. Additionally, a limited-time Artists Den Bundle is available on Grubhub for $12.95. The series includes performances from artists like Cautious Clay and Mickey Guyton.
