Grubhub adds 150K non-partnered restaurants as controversy grows The delivery platform grew its network to 300,000 restaurants in Q4 and is eyeing a subscription service and pickup to grab market share, but frustration over its strategy could threaten its future. Adjusted for one-time items, the company lost 17 cents per share, which was in line with Wall Street’s expectations, according to analysts polled by FactSet.Grubhub said it had 27.5 million active diners in the April-June period, a 35% increase from a year ago. Access your account as an Admin or basic user to manage Grubhub orders. Kevin Kearns, senior VP of Grubhub's Restaurant Network, said the team-up offered an "exciting opportunity" for the proven delivery app to give its users fresh variety during an era of … The latest in its string of shady practicesGrubhub owns multiple food directory services — including Seamless, Eat24, MenuPages, and AllMenus — and it’s not alone in this practice. Last year the two companies processed 593 million restaurant orders.Grubhub didn't issue any guidance, citing the acquisition by Amsterdam-based Just Eat Takeaway.com.Grubhub's average daily orders jumped 32% in the second quarter as the pandemic shut in diners, but the company swung to a loss as it spent heavily to prop up struggling restaurants and protect drivers.More restaurants also joined the platform in an effort to reach diners. Without constantly checking around for new sites or listings, it’s impossible to know whether someone’s created a duplicate site to mislead customers into thinking they are ordering directly from a restaurant. Grubhub expects that some 500 businesses will offer the dishes to customers by August’s end. Your email address will not be published.“These look crispy and good asf,” stated one famished Instagram user, closing the message with a long line of emojis.And while Tyga Bites are purchasable exclusively through Grubhub, from “restaurants” of the same name, the virtual concept evidently outsources the orders to existing eateries. That far surpassed analysts’ forecast of $405 million in revenue.Dee-Ann Durbin, The Associated PressGrubhub shares rose 1% to $71.08 in morning trading Thursday.The earnings report is one of Grubhub’s last as a standalone company. Previous. Search by cuisine, restaurant name or menu item. Together, Grubhub and Just Eat Takeaway have around 70 million users.
If so, you should be exploring formal restaurant management systems instead.) Sign into your account Sign in to Grubhub for Restaurants here.
Next. Grubhub announced a $7.3 billion merger with Just Eat Takeaway.com last month. But after Just Eat Takeaway grabbed Grubhub, Uber snatched up Postmates in a $2.65 billion deal announced earlier this month.But the coronavirus has also added significant costs.