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.
On May 25, 2021, Grubhub announced the Restaurant Stronger program, providing $5,000 grants to independent restaurants to support their reopening post-pandemic. This initiative stems from a $2 million donation from the Grubhub Community Relief Fund, aimed at helping restaurants cover costs like staff hiring and inventory. Grant applications are open from May 25 to June 5, with distributions by June 11. This program follows a previous donation that assisted nearly 200 restaurants. With over 33 million active diners, Grubhub continues to support the restaurant industry amidst ongoing challenges.
Grubhub Inc. (NYSE: GRUB) announced the filing of a definitive proxy statement with the U.S. SEC regarding its acquisition by Just Eat Takeaway.com. The transaction, expected to close by the end of Q2 2021, aims to create a leading global food delivery company. A special meeting for Grubhub stockholders will occur on June 10, 2021, to vote on the merger. The merger benefits include enhanced scale, access to attractive markets, and improved strategic investment flexibility. Grubhub's board recommends stockholders vote in favor of the proposal.
Grubhub has launched Grubhub Direct, a commission-free platform aimed at assisting independent restaurants in establishing their online presence. The platform allows restaurants to create customized ordering websites, access diner data, and manage their branding without incurring marketing fees. Grubhub Direct includes a suite of tools such as website design, customer relationship management, and loyalty programs, all free of marketing costs. Restaurants incur only standard credit card processing fees and optional delivery charges, with no setup or monthly fees until April 2022.
Grubhub Inc. (NYSE: GRUB) reported Q1 2021 revenues of $551 million, marking a 52% increase from Q1 2020. Gross Food Sales surged 60% to $2.6 billion, with Active Diners rising 38% to 33 million. Despite these gains, the company experienced a net loss of $75.5 million, compared to a loss of $33.4 million in the same quarter last year. The upcoming acquisition by Just Eat Takeaway.com remains a focal point, with expectations for completion in the coming months.
Upper90 has raised a $55 million equity fund dedicated to eCommerce businesses. The fund will primarily support eCommerce aggregators and technology companies, aiming to optimize their capital structure for long-term growth. Led by CEO Billy Libby and Chairman Jason Finger, Upper90 aims to invest in approximately 15 eCommerce companies. The firm has a history of backing successful marketplace businesses like Thrasio and Clearbanc, enhancing startups' growth with less dilution.
Grubhub Inc. (NYSE: GRUB) will announce its first quarter financial results on April 28, 2021, after market close. Due to the acquisition by Just Eat Takeaway.com, no conference call will be held to discuss these results. Grubhub is a major online and mobile food-ordering platform, boasting over 31 million active diners and a network of 300,000 restaurants across 4,000 U.S. cities. The company is dedicated to enhancing the food ordering experience through innovative technology and partnerships with more than 265,000 restaurants.
Grubhub is expanding its RestaurantHER initiative for Women's History Month, focusing on supporting women-led restaurants impacted by COVID-19. Since its launch in 2018, RestaurantHER has championed women in the culinary industry by providing resources and partnerships with organizations like World Central Kitchen and Women Business Collaborative. In January 2021, women were down 5.4 million jobs, making this initiative crucial. Grubhub also invites diners to participate in the Donate the Change program, with proceeds aiding women's restaurants.
Grubhub Inc. (NYSE: GRUB) announced significant financial results for Q4 and the full year 2020. Revenues hit $504 million, a 48% increase year-over-year. Gross Food Sales surged 52% to $2.4 billion. Despite these gains, Grubhub reported a net loss of $67.8 million for Q4, worsening from $27.7 million in 2019. Active Diners grew by 39% to 31.4 million. The company anticipates closing its acquisition by Just Eat Takeaway.com in H1 2021, highlighting its ongoing support for restaurant partners amid pandemic challenges.
Grubhub Inc. (NYSE: GRUB) is set to announce its fourth quarter and full year 2020 financial results on Feb. 3, 2021, after market close. The company, known for its extensive online and mobile food-ordering services, has approximately 30 million active diners and partners with about 245,000 restaurants across over 4,000 U.S. cities. Due to its pending acquisition by Just Eat Takeaway.com, Grubhub will not hold a conference call to discuss the results.
