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 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.
Monteverde & Associates PC is investigating Grubhub, Inc. (NYSE: GRUB) regarding its sale to Just Eat Takeaway.com N.V. The firm aims to determine if Grubhub and its Board of Directors breached fiduciary duties or violated securities laws by failing to ensure a fair transaction process. Each share of Grubhub common stock will be exchanged for .6710 American Depository Shares of Just Eat Takeaway.com. Investors are advised to seek more information to protect their investments.
