wtrh - WTRH STOCK NEWS

Waitr Holdings Inc. (NASDAQ: WTRH) has partnered with Denny’s Corporation (NASDAQ: DENN) to enhance its food delivery services. The agreement allows Waitr, along with Bite Squad and Delivery Dudes, to deliver from nearly 400 Denny’s locations across the United States, from Florida to Hawaii. This expansion includes a new virtual brand, The Burger Den. Waitr aims to increase delivery options and hours to improve customer access to meals, particularly breakfast and late-night orders. The move is designed to boost service for restaurants and delivery drivers.

Waitr Holdings Inc. (WTRH) has expanded its partnership with Olo Inc. (OLO) by joining Olo's Dispatch network. This collaboration allows Waitr, along with Bite Squad and Delivery Dudes, to receive delivery requests directly from restaurant websites and apps. The system optimizes delivery options and service providers based on various criteria. This enhancement builds on their existing partnership with Olo Rails, improving order accuracy and operational efficiency for restaurant partners. CEO Carl Grimstad emphasized that this alliance enhances Waitr's access to new restaurants across multiple markets.

Waitr Holdings Inc. (WTRH) has successfully completed the acquisition of three payment processing companies: ProMerchant, Flow Payments, and Cape Cod Merchant Services. This move is a strategic component of Waitr's growth strategy, aimed at enhancing their payment processing capabilities for restaurants. CEO Carl Grimstad emphasized that these acquisitions will allow Waitr to provide a comprehensive suite of payment services, which could drive significant future growth.

Waitr Holdings Inc. (Nasdaq: WTRH) has partnered with Smoothie King to enhance food delivery services, operating in over 350 locations. CEO Carl Grimstad welcomed the partnership, citing Smoothie King's industry leadership and its alignment with Waitr's commitment to expand dining options. The companies plan co-branding marketing initiatives and have leveraged digital ordering enhancements to support this collaboration. Smoothie King emphasizes healthy, quality ingredients in its products, aligning with Waitr's goal of offering nutritious delivery choices while enhancing customer experience.

Waitr Holdings Inc. (Nasdaq: WTRH) reported Q2 2021 revenues of $49.2 million, down from $50.9 million in Q1 2021 and $60.5 million in Q2 2020. The company faced a net loss of $5.6 million, worsening from a loss of $3.7 million in Q1 2021 and a profit of $10.7 million a year earlier. Adjusted EBITDA fell to $2.5 million, significantly down from $8.3 million in Q1 2021. Active drivers reached their highest level, reflecting recruiting efforts. The company is diversifying, acquiring payment processing entities, and investing in fintech solutions.

Waitr Holdings Inc. (Nasdaq: WTRH) will announce its second quarter 2021 financial results after market close on August 9, 2021. A conference call is scheduled for 5:00 PM ET on the same day, which will be accessible via the company's investor relations website. Waitr operates an online ordering platform for food delivery and carryout, serving underserved U.S. markets with over 800 cities covered as of March 31, 2021. The conference call can be accessed by phone, with a replay available until August 16, 2021.

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.

Waitr Holdings Inc. (Nasdaq: WTRH) announced a new partnership with Boston Market, enabling delivery from its locations nationwide. This collaboration signifies Waitr's commitment to expanding restaurant options and service in underserved markets. As of now, Boston Market operates over 330 locations, renowned for its rotisserie chicken and diverse menu. CEO Carl Grimstad emphasized that increasing restaurant variety is essential for enhancing customer satisfaction and bolstering Waitr's market presence in the on-demand delivery sector.

Waitr Holdings Inc. (Nasdaq: WTRH) has partnered with Long John Silver's, expanding seafood delivery options through its platform. Customers in over 40 cities, including Houston, TX, and Columbus, OH, can now order from the nation's largest quick-service seafood chain. This partnership aligns with Long John Silver's vision of making seafood accessible and enhances Waitr's growing list of national restaurant partners. CEO Carl Grimstad highlighted the expansion's potential to reach more customers than ever, boosting delivery service options for seafood lovers.