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) generates frequent news as a U.S. food ordering and delivery marketplace that works with restaurants, convenience retailers and other merchants across thousands of cities. Company announcements often highlight new partnerships, category expansions and technology integrations that shape how diners, merchants and delivery partners use the platform.
Recent news has focused on Grubhub’s role within Wonder Group, its collaborations with technology providers and its move into additional product categories. A joint announcement with Wonder described Wonder’s planned acquisition of Grubhub from Just Eat Takeaway.com, outlining how Grubhub’s marketplace of hundreds of thousands of merchants and a large delivery partner network will be integrated into Wonder’s broader mealtime platform, subject to closing conditions. Other releases have detailed an expanded partnership with Olo, where Grubhub joins the Olo Dispatch network so restaurants can tap Grubhub’s delivery capabilities for orders placed through their own digital channels.
Grubhub news also covers category growth beyond restaurant meals. The launch and national expansion of Grubhub Goods with 7-Eleven brought thousands of convenience locations onto the platform. A partnership with Buyk introduced ultrafast grocery delivery from participating locations in New York City and Chicago. More recently, the company announced the addition of Pet Supplies Plus and Wag N' Wash, enabling on-demand delivery of pet food, toys, grooming essentials and other pet products from nearly 700 locations.
Other stories highlight Grubhub’s stadium and campus initiatives, such as mobile ordering and pickup at DRV PNK Stadium with Inter Miami CF, and community programs like grant funding for Hispanic-owned restaurants through the Donate the Change program. Investors and customers following GRUB news can expect updates on partnerships, product category expansions, venue-based ordering, data-driven trend reports and corporate developments. Bookmarking this page provides a single place to review these company-specific announcements as they are released.
On January 11, 2021, Lear Corporation (NYSE: LEA) announced a partnership between its Xevo software business and Grubhub, allowing contactless food ordering in FCA vehicles via the Uconnect Market platform. The Grubhub app will enable users to easily reorder their favorite meals and discover new options while on the go. This feature underscores Lear's commitment to enhancing in-vehicle experiences by enabling safe transactions without shared surfaces. The Uconnect Market is available in various 2019 and 2020 Chrysler, Dodge, Jeep, and Ram models equipped with connected services.
Grubhub and The Greg Hill Foundation launched the Restaurant Winterization Grant program, providing $10,000 grants to eligible independent restaurants facing challenges due to COVID-19. With a total of $2 million allocated from Grubhub Community Relief Fund, this initiative aims to support restaurants in enhancing outdoor dining and securing personal protective equipment. Grant applications are open from November 9 to November 21 for restaurants in Chicago, New York City, Boston, and Philadelphia. Grubhub has raised over $13 million for pandemic relief efforts.
Grubhub Inc. (NYSE: GRUB) reported third-quarter 2020 revenues of $494 million, marking a 53% year-over-year increase from $322 million. Gross Food Sales soared 68% to $2.4 billion, up from $1.4 billion. Active Diners reached 30 million, a 41% year-over-year increase. However, the company reported a net loss of $9.2 million compared to a net income of $1 million in Q3 2019. Non-GAAP Adjusted EBITDA fell 19% to $43.8 million. The acquisition by Just Eat Takeaway.com is expected to complete in the first half of 2021.
Grubhub Inc. (NYSE: GRUB) will release its third quarter financial results on October 28, 2020, after market close. The company will not host a conference call due to its pending acquisition by Just Eat Takeaway.com. Grubhub is a major player in the online food ordering and delivery market, boasting a network of over 300,000 restaurants and serving over 27 million active diners across more than 4,000 U.S. cities. It operates several brands including Grubhub, Seamless, LevelUp, AllMenus, and MenuPages.
Grubhub has partnered with Lyft to offer complimentary Grubhub+ memberships to all Lyft Pink members. This initiative aims to enhance the value of Lyft Pink, which costs $19.99 a month, by providing unlimited free delivery from nearly 200,000 restaurants. Grubhub+ members have redeemed over $300 million in rewards this year alone. The partnership allows Lyft Pink users to enjoy exclusive perks such as donation matching through Grubhub's community relief initiatives, catering to the increasing demand for food delivery services during the pandemic.
On September 4, 2020, Just Eat Takeaway.com announced the receipt of all regulatory approvals for its acquisition of Grubhub (NYSE: GRUB), first signed on June 10, 2020, in an all-share transaction. The U.S. Committee on Foreign Investment and the UK Competition and Markets Authority approved the merger with no national security concerns raised. The long stop date for the merger agreement has been extended to December 31, 2021. Both companies expect the transaction to finalize in the first half of 2021, pending shareholder approvals.
Grubhub Inc. (NYSE: GRUB) reported strong Q2 2020 results, with revenues reaching $459 million, a 41% increase year-over-year. Gross Food Sales surged 59% to $2.3 billion. However, the company posted a net loss of $45.4 million, compared to a profit of $1.3 million in Q2 2019. Active Diners grew to 27.5 million, a 35% increase. The pending acquisition by Just Eat Takeaway.com is expected to create a leading profitable online food marketplace. Despite these developments, Grubhub has suspended its financial guidance due to the acquisition.
Grubhub Inc. (NYSE: GRUB) will release its second quarter financial results on July 30, 2020, prior to the market opening. As the company is undergoing a pending acquisition by Just Eat Takeaway.com, no conference call will be held to discuss these results. Grubhub maintains a significant presence in the online and mobile food-ordering market, boasting a network of nearly 300,000 restaurants and 24 million active diners across more than 4,000 U.S. cities.
Hard Rock Cafe announces a limited-time promotion offering free delivery on orders of $10 or more, in partnership with Grubhub, available until July 28, 2020. Customers can order from participating locations via Hard Rock's or Grubhub's websites and apps. Additionally, a promotion for a free kids meal with an adult entrée purchase is active until August 31, 2020. These initiatives aim to cater to growing demand for delivery services during this period, as stated by company executives.
Franklin Junction announces a partnership with Grubhub to expand its reach across the U.S. Grubhub will fund marketing for Franklin Junction's brands, The Captain's Boil and Order XOXO. The Captain's Boil has over 250 operational stores, with more set to launch by year-end. Franklin Junction, founded in April 2020, has partnered with more than a dozen brands, expecting to operate across 550 host kitchens and add 1,000 more by the end of 2020.
