wtrh - WTRH STOCK NEWS

Waitr Holdings Inc. (NASDAQ: WTRH) has initiated the delivery of CBD products in select Texas markets as part of its strategy to transition to a 'deliver anything' model. The company has also reached agreements with various companies to deliver a diverse range of products, including clothing and luxury items. CEO Carl Grimstad emphasized the company’s commitment to expanding this model, leveraging proprietary technology for CBD sales and delivery. Initial offerings include CBD oils, topicals, and gummies, tapping into the rapidly growing CBD retail market.

Waitr Holdings Inc. (WTRH) has announced its rebranding to ASAP, reflecting its expanded service offerings beyond food delivery. This change follows two significant partnerships with Elite Extra and Burq, enabling delivery of various products like apparel, auto parts, and luxury goods. The transition includes updates to its logo, app, and website, with the new brand debuting later this summer and a new stock ticker symbol. CEO Carl Grimstad emphasized the company's commitment to delivering 'anything' to consumers.

Waitr Holdings Inc. (Nasdaq: WTRH) has partnered with Burq, a logistics software provider, to expand its delivery services to various retail sectors, including apparel, alcohol, and specialty groceries. This partnership marks Waitr's second major retail collaboration, enhancing its 'delivery anything' model and broadening its product offerings. CEO Carl Grimstad emphasized the vision for same-day delivery across diverse items, and Burq's technology aims to enhance the convenience of deliveries for small and medium-sized retailers.

Waitr Holdings Inc. (Nasdaq: WTRH) has announced a significant partnership with Elite EXTRA to expand its delivery services beyond food. This collaboration will enable delivery of various products, starting with aftermarket auto parts in multiple U.S. cities next week. Waitr aims to transition to a 'deliver anything' model, enhancing earning opportunities for drivers. With an established reputation for customer satisfaction, Waitr plans to meet diverse consumer demands through this agreement.

Waitr Holdings Inc. (WTRH) has announced a new collaboration with 7-Eleven to expand its delivery services nationwide. This partnership enables deliveries from over 700 7-Eleven locations, enhancing Waitr's offerings alongside restaurant and grocery deliveries. CEO Carl Grimstad highlighted the focus on providing greater convenience for customers. Waitr operates in over 1,000 U.S. cities with more than 26,000 restaurants on its platform. The initiative aligns with Waitr's strategy to diversify into new delivery verticals and improve service accessibility.

Waitr Holdings Inc. (Nasdaq: WTRH) reported a first quarter 2022 revenue of $35.0 million, a significant decline from $50.9 million in Q1 2021. The company's net loss escalated to $77.2 million or $0.50 per share, including a $67.2 million goodwill impairment. Cash reserves stand at $54.9 million. On a positive note, they've made key integrations with major players like Panera Bread and Inspire Brands. Q1 metrics indicate 22,907 daily orders with approximately 1.5 million active diners. Management anticipates improved order flow from upcoming integrations.

Waitr Holdings Inc. (WTRH) plans to release its first quarter 2022 financial results on May 9, 2022. The results will be announced after market close, followed by a conference call at 5:00 PM ET. Investors can access the call via the company's investor relations website or by phone. A replay will be available for a week following the call, providing insights into the company's performance in the on-demand food ordering and delivery sector.

Waitr Holdings Inc. (Nasdaq: WTRH) has announced new partnerships with college football stars Derek Stingley Jr. and Christian Harris, who are expected to be top NFL draft picks. The athletes will promote Waitr through social media and other activities, reinforcing their ties as they transition to professional football. Stingley is recognized as the top cornerback prospect, while Harris has gained acclaim as a formidable linebacker. These partnerships aim to enhance Waitr's brand visibility as the company continues to connect local restaurants with consumers.

Waitr Holdings Inc. (NASDAQ: WTRH) announces a partnership with New Orleans Pelicans player Jose Alvarado, who will promote the food delivery app via appearances and social media. Customers can use the code “Alvarado15” for $15 off orders over $40 within the week. This partnership coincides with Alvarado's new multi-year contract and aims to strengthen community ties, including a recent $10,000 donation to the Second Harvest Food Bank. Waitr continues its engagement in local relief efforts as it seeks to enhance brand visibility in New Orleans.