• Jun. 21, 2016, 7:51 AM
  • May 11, 2016, 11:28 AM
    • GrubHub (NYSE:GRUB) has closed on its acquisition of LAbite, the latest in a set of expansions and acquisitions to expand its food delivery footprint.
    • It's updated guidance accordingly to account for the closing. For Q2, it sees revenues of $113M-$115M (vs. analyst expectations for $110.7M), and EBITDA of $30M-$32M (vs. consensus of $30.4M). For the full year, it's forecasting $465M-$480M in revenue (vs. consensus of $459.1M) and EBITDA of $125M-$133M (vs. $127.4M expected).
    • LAbite diners ordered nearly $80M in gross food sales last year. GrubHub logged $713M in gross food sales overall in Q1 despite uncooperative weather for the season.
    • Now read Impact Of Short Interest On GrubHub's Share Price »
    May 11, 2016, 11:28 AM
  • Dec. 7, 2015, 5:22 PM
    • GrubHub (GRUB -1.7%) has acquired Delivered Dish, a delivery service operating with hundreds of restaurants in seven markets.
    • Delivered Dish, based in Portland, Ore., offers service in areas including Denver, Las Vegas, San Diego, El Paso and Albuquerque as well as its Portland base.
    • GrubHub currently serves 30 markets and expects to be in more than 40 by the end of the year.
    • Shares were down 0.8% after hours prior to the news.
    • Previously: Mizuho starts GrubHub at Buy with $31 target (Dec. 02 2015)
    • Previously: GrubHub expands delivery into Atlanta (Nov. 19 2015)
    Dec. 7, 2015, 5:22 PM
  • Jul. 16, 2015, 3:59 PM
    • OrderUp provides food-ordering/delivery services in nearly 40 U.S. markets through its site and apps, and claims to have processed 10M+ orders in its lifetime. Groupon (GRPN +3.3%) is buying the startup for an undisclosed sum.
    • Groupon, which counts many restaurants among its deal providers, declares pairing OrderUp's platform with Groupon's ~25M active North American customers will create "an online and mobile food ordering marketplace of significant size and scale." Shares have added to their Thursday gains following the announcement; the Nasdaq is up 1.2%.
    • The purchase represents a fresh challenge for online food ordering/delivery leader GrubHub (GRUB +0.8%), whose shares moved slightly lower following the news. In February, Yelp announced it's buying GrubHub rival Eat24 for $134M.
    Jul. 16, 2015, 3:59 PM | 24 Comments
  • Mar. 2, 2015, 9:37 AM
    • GrubHub (NYSE:GRUB) has closed its acquisition of Restaurants on the Run, and is adjusting its guidance since its prior outlook excluded the impact of the deal.
    • The company now expects slightly higher Q1 revenue of $84M-$86M. For the full year, it's expecting revenues of $343M-$358M and adjusted EBITDA of $101M-$109M.
    • Shares have opened 0.6% lower.
    • Previously: GrubHub up 9% on Q4 beat; making more acquisitions (Feb. 05 2015)
    Mar. 2, 2015, 9:37 AM
  • Aug. 4, 2014, 1:29 PM
    • Re/code reports Square is set to announce the acquisition of Caviar, an online food-ordering/delivery platform that caters to high-end establishments. The NYT reports the purchase price could be around $90M.
    • Caviar tries to differentiate from GrubHub (GRUB +0.3%) and other rivals both through its high-end focus, and by providing its own fleet of delivery vehicles to fulfill orders. For now, the startup's services are only available in a handful of major metro areas.
    • Square, which has put its IPO plans on hold and has been reported to be mulling a sale, could cross-sell Caviar's offerings to the many restaurants that use its card readers and/or Square Reigster. The company could also integrate Caviar with its Square Order app (currently handled order pickups, but not delivery).
    • Update: Caviar has confirmed the acquisition.
    Aug. 4, 2014, 1:29 PM | 1 Comment