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Grubhub, a part of Just Eat Takeaway.com (LSE: JET, AMS: TKWY), is a leading food ordering and delivery marketplace in the United States. With a commitment to connecting diners with their favorite local restaurants, Grubhub leverages cutting-edge restaurant technology and user-friendly platforms to enhance the food delivery experience.
Core Business: Grubhub partners with over 365,000 restaurants across more than 4,000 U.S. cities, offering a vast selection of food choices to its users. The company focuses on making food ordering easy and enjoyable, providing diners with a seamless experience.
Recent Achievements: In 2023, Grubhub released its annual retrospective, the '2023 Delivered' report, which analyzed millions of orders to highlight food and beverage trends. Key trends included a significant rise in the popularity of spicy dishes, with buffalo chicken wings topping the charts, and an increased demand for caffeinated beverages ordered late in the day.
Current Projects: Grubhub continues to innovate, introducing exclusive offers such as Buffalo Wild Wings' 50% discount on wing menu items and providing unique insights through personalized recap reports for diners. Additionally, Grubhub+ members, especially Amazon Prime users, enjoy benefits like free delivery and special discounts.
Financial Condition: As a subsidiary of Just Eat Takeaway.com, Grubhub benefits from strong financial backing and strategic partnerships, allowing it to maintain a competitive edge in the food delivery market.
Partnerships: Grubhub collaborates with top brands and local favorites to bring a diverse array of dining options to its customers. Its partnership with Amazon Prime offers significant perks to subscribers, enhancing customer loyalty and satisfaction.
Products: Beyond food delivery, Grubhub’s products include Grubhub+, a subscription service that offers unlimited free delivery on eligible orders, and various promotional deals and discounts that cater to a wide range of dining needs and preferences.
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.
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.
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