STOCK TITAN

Amid Rising Gas Prices, Waitr Launches New Program to Aid Delivery Drivers

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Waitr Holdings Inc. (Nasdaq: WTRH) announced new initiatives to support its delivery drivers amidst rising gas prices. The company introduced a GasCard program offering drivers a 5% discount on gas purchases at major gas stations after activation in the driver app. CEO Carl Grimstad emphasized the significance of drivers to the business, while also noting adjustments to driver pay. Feedback from drivers indicates an increase in tips from customers, reflecting community support for drivers amidst challenges.

Positive
  • Introduced GasCard program providing 5% discount on gas for drivers.
  • Adjustments to driver pay to support their financial needs.
  • Increase in customer tips reported, indicating community support.
Negative
  • None.

LAFAYETTE, La.--(BUSINESS WIRE)-- Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr” or the “Company”), a leader in on-demand food ordering and delivery, has announced new initiatives to support its delivery drivers as gasoline prices continue to surge throughout the country.

Waitr has implemented a new GasCard program, giving drivers 5% off on gas from all major gas stations. Once the driver activates the GasCard within the driver app, they'll immediately receive the five-percent discount on gas purchases.

“Drivers are an important part of our business and the record-high gas prices are directly impacting them,” said Carl Grimstad, Chairman and CEO of Waitr. “We have implemented this GasCard program as a way to help combat this issue.”

In addition to the GasCard, Waitr is adjusting its driver pay as another way to help drivers.

Chris Barnes, director of driver experience, Delivery Logistics, says Waitr customers are also helping out in their own way. “We have heard from some drivers that they’ve seen an uptick in tips. Our loyal customers know fuel costs are affecting their pay, and many are responding. We serve great communities that really appreciate the drivers, and reciprocate appropriately.”

About Waitr

Founded in 2013 and based in Lafayette, Louisiana, Waitr operates an online ordering technology platform, providing delivery, carryout and dine-in options. Waitr, along with Bite Squad and Delivery Dudes, connect local restaurants and grocery stores to diners in underserved U.S. markets. Additionally, Waitr facilitates access to third parties that provide payment processing solutions for restaurants and other merchants. Together, they are a convenient way to discover, order and receive great food and other products from local restaurants, national chains and grocery stores. As of December 31, 2021, Waitr, Bite Squad and Delivery Dudes operate in approximately 1,000 cities throughout the United States.

Investors

WaitrIR@icrinc.com

Source: Waitr Holdings Inc.

FAQ

What initiatives has Waitr announced for its drivers in response to rising gas prices?

Waitr has launched a GasCard program offering drivers a 5% discount on gas and is adjusting driver pay.

How does the GasCard program benefit Waitr delivery drivers?

The GasCard program provides a 5% discount on gas purchases from major gas stations, helping drivers offset their costs.

Who is the CEO of Waitr Holdings Inc.?

The CEO of Waitr Holdings Inc. is Carl Grimstad.

What feedback have Waitr drivers given about customer support?

Drivers have reported an uptick in tips from customers who are aware of the rising fuel costs.

Where is Waitr Holdings Inc. based?

Waitr Holdings Inc. is based in Lafayette, Louisiana.

wtrh

NASDAQ:WTRH

WTRH Rankings

WTRH Latest News

WTRH Stock Data

19.35M
167.56M
10.07%
22.29%
8.87%
Software—Application
Technology
Link
United States
Lafayette