GRUB - GRUB STOCK NEWS

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.

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.