Waitr Adds New Partnership with KBP Foods

Rhea-AI Summary

Waitr Holdings Inc. (Nasdaq: WTRH) announced a new partnership with KBP Foods, a KFC franchisee, to provide delivery from over 140 KBP locations nationwide. This partnership enhances Waitr's restaurant offerings, adding to the more than 70 cities Waitr has expanded into in 2021. KBP Foods is a rapidly growing franchisee, operating nearly 800 YUM! Brands restaurants across 28 states. Carl Grimstad, CEO of Waitr, emphasized the growth in restaurant selection and city expansions since January.

Positive

• Partnership with KBP Foods increases delivery options from over 140 new locations.
• Expansion into more than 70 new cities in 2021 enhances market reach.
• KBP Foods recognized among the top fast-growing restaurant chains, improving brand association.

Negative

• None.

Waitr Holdings Inc. (Nasdaq: WTRH) (“Waitr” or the “Company”), a leader in on-demand food ordering and delivery, announced today a new partnership with KBP Foods, a franchisee of KFC. Effective immediately, Waitr and Bite Squad will begin delivery from more than 140 KBP locations around the country.

“We are thrilled to add KBP’s restaurants to our platform. Since January alone, we’ve added a multitude of restaurants and delivery only ‘virtual’ restaurant concepts to our platforms, further bolstering our restaurant selection while simultaneously expanding to dozens of new cities this year,” said Carl Grimstad, CEO and Chairman of the Board of Waitr.

Waitr has launched in more than 70 new cities in 2021 and widened its areas of service in multiple markets.

KBP Foods, a KBP Investments company, has been named one of the 10 Fastest-Growing Restaurant Chains and one of the Top 100 Fastest-Growing Businesses in North America. KBP is a leading KFC franchisee and operates nearly 800 YUM! Brands restaurants across 28 states throughout the U.S.

“We are excited about our partnership with Waitr and Bite Squad, which will make it even more convenient for our customers to enjoy KFC,” said Anthony Gianino, Senior Vice President of Marketing at KBP.

About Waitr Holdings Inc.

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. 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 March 31, 2021, Waitr, Bite Squad and Delivery Dudes operate in small and medium sized markets in the United States in over 800 cities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210728005338/en/

FAQ

What is the recent partnership announced by Waitr Holdings Inc. (WTRH)?

Waitr Holdings has partnered with KBP Foods to deliver from over 140 KFC locations across the country.

How many cities has Waitr expanded into in 2021?

Waitr has launched in more than 70 new cities in 2021.

What does the partnership between Waitr and KBP Foods mean for customers?

The partnership provides greater convenience for customers to order KFC through Waitr's platform.

Who is KBP Foods?

KBP Foods is a franchisee of KFC, operating nearly 800 restaurants across 28 states.

What benefits does Waitr gain from its partnership with KBP Foods?

The partnership enhances Waitr's restaurant selection and expands its delivery network.