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JUST EAT TAKEAWY SP/ADR - JTKWY STOCK NEWS

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JUST EAT TAKEAWY SP/ADR (JTKWY), operating as takeaway.com, is the leading food-ordering site in continental Europe. Founded by Jitse Groen in 2000, takeaway.com processes millions of orders monthly across multiple European countries including the Netherlands, Belgium, Germany, Poland, Austria, and more. With Jitse Groen as the CEO, takeaway.com is known for its agile and rapid growth, prioritizing socializing and maintaining a dynamic and vibrant company culture.

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Grubhub has launched the exclusive Maisel Tov Martini, an innovative delivery experience tied to the series finale of The Marvelous Mrs. Maisel. Available starting April 14 in Manhattan, customers can pre-order this unique cocktail, crafted by mixologist Pamela Wiznitzer, for $29.95. The kit includes a savory martini for two, garnishes, a cocktail shaker, and two martini glasses, alongside Jewish deli food options from Marvelous Café. Only 1,000 kits are available, limited to one kit per customer. This offering is part of the ongoing Tune In & Takeout collaboration between Grubhub and Prime Video, which also includes promotions for other shows like Harlem.

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Grubhub and Transact Campus have joined forces to integrate Grubhub's Marketplace into Transact's Mobile Ordering app, enhancing dining options for students at participating campuses. This integration allows students to order from over 365,000 restaurants and pay using their campus cards seamlessly. The partnership aims to empower students with more dining choices, while also supporting local restaurants by providing them a new channel for orders. Executives from both companies emphasized the initiative's significance for improving the student dining experience and expanding business opportunities.

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Grubhub CEO Adam DeWitt will step down, with Howard Migdal, CEO of SkipTheDishes, appointed as his successor. DeWitt, who has been with Grubhub for 11 years, oversaw growth from $20 million to over $2 billion in annual revenue. Migdal, a U.S. national with 16 years of experience in food delivery, aims to build on Grubhub's established foundation. The transition will be smooth, as DeWitt remains until May 1, 2023. Grubhub operates over 365,000 restaurant partners and serves more than 4,000 U.S. cities, contributing significantly to Just Eat Takeaway.com’s North America segment.

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Grubhub has partnered with Topanga.io to introduce reusable packaging for to-go dining orders at The Ohio State University and Colorado State University, with plans to expand nationwide. This initiative allows students to opt for reusable containers when ordering through the Grubhub app, leveraging Topanga.io's tracking technology to manage the return of containers. The program aligns with a growing demand for sustainable solutions in campus dining, reflecting an industry shift towards reducing waste. Grubhub currently collaborates with over 270 college campuses, enhancing its sustainable offerings in the food delivery market.

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Grubhub has partnered with RapidSOS to enhance safety for its delivery partners by integrating an intelligent safety platform into the Grubhub for Drivers app. This partnership enables delivery partners to share vital location and caller ID data directly with 911 responders during emergencies. Initially available in New York City, Boston, Philadelphia, and Chicago, the service will roll out nationwide by mid-2023. The integration includes features like a 911 Slider and direct access to RapidSOS agents, ensuring quick response times. This initiative aligns with Grubhub's commitment to driver safety as gig economy jobs continue to rise.

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Grubhub's 2022 Delivered report highlights significant food ordering trends and diner habits, revealing burritos as the most ordered item, surpassing 4 million orders. The report showcases preferences in various categories, with iced coffee becoming the top coffee choice, and Australian cuisine experiencing a 500% surge in interest. Additionally, the report emphasizes the impact of Grubhub+ membership, allowing Prime members to enjoy free delivery on eligible orders. Overall, the findings reflect a strong inclination towards comfort food and unique dining experiences in 2022.

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Grubhub and Kiwibot announced a partnership to provide robot delivery services at college campuses, starting with the University of North Dakota. The service aims to enhance the campus dining experience by offering students a convenient way to receive food deliveries via the Grubhub app. Kiwibot's autonomous robots are designed to operate in various weather conditions, moving at a human walking pace and capable of carrying up to 25 pounds. This collaboration expands Grubhub's delivery options across more than 250 campuses in the U.S., integrating meal plans directly into their platform.

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Grubhub has partnered with Rite Aid to provide nationwide delivery of drugstore products, especially during the peak cold and flu season. Over 2,000 Rite Aid locations across 16 states will be available on the Grubhub Marketplace. A survey indicates that 47% of respondents prefer delivery for health needs, with 39% planning to purchase cold or flu medicine soon. This collaboration aims to enhance Grubhub's convenience offerings, providing customers access to a wide range of health and wellness essentials directly at their doorsteps.

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FAQ

What is the current stock price of JUST EAT TAKEAWY SP/ADR (JTKWY)?

The current stock price of JUST EAT TAKEAWY SP/ADR (JTKWY) is $2.6425 as of October 15, 2024.

What is the market cap of JUST EAT TAKEAWY SP/ADR (JTKWY)?

The market cap of JUST EAT TAKEAWY SP/ADR (JTKWY) is approximately 2.5B.

When was takeaway.com founded?

takeaway.com was founded in 2000.

Which countries does takeaway.com operate in?

takeaway.com operates in the Netherlands, Belgium, Germany, Poland, Austria, Switzerland, Luxembourg, Portugal, Bulgaria, Romania, and Vietnam.

Who is the CEO of takeaway.com?

Jitse Groen serves as the CEO of takeaway.com.

How many orders does takeaway.com process monthly?

takeaway.com processes millions of orders monthly.

What is the key focus of takeaway.com's growth strategy?

takeaway.com focuses on maintaining a dynamic and vibrant company culture while rapidly expanding across multiple European countries.

JUST EAT TAKEAWY SP/ADR

OTC:JTKWY

JTKWY Rankings

JTKWY Stock Data

2.47B
157.36M
0.01%
0.36%
Internet Retail
Consumer Cyclical
Link
United States of America
Amsterdam