Grubhub Profits Drop as Management Spends to Grow
Grubhub (GRUB) just lowered profit estimates for the third time in four qtrs. The company is spending to grow.
Grubhub (GRUB) just lowered profit estimates for the third time in four qtrs. The company is spending to grow.
Grubhub (GRUB) stock is half what it was last Fall, as the company is “spending to grow” in 2019. Has the stock finally turned up?
Grubhub (GRUB) is growing like mad and entering new markets with a big delivery and ad budget, which is hurting profits.
Grubhub (GRUB) was a high-flying stock with loads of potential, but GRUB cut profit estimates to spend more on delivery &advertising.
Today I will be buying into GrubHub (GRUB) well off its highs as Eat24, KFC and Taco Bell are fueling growth now and in the future.
After a whirlwind year of getting deals done, Grubhub (GRUB) is now the franchise American’s food delivery platform. And investors know.
Grubhub (GRUB) jumped after it announced a new partnership with Yum! Brands (YUM) to be the only US ordering partner for KFC and Taco Bell pickup and delivery orders.
Grubhub (GRUB) has been a hot stock — it’s doubled in the last year. And now that it’s acquired Foodler, OrderUp and Eat24 profit growth is expected to average a solid 32% the next four qtrs.
Grubhub (GRUB) has been a big winner this year as it’s signed up new restaurant chains, signed a partnership with Groupon, and acquired Yelp’s Eat24 business.