Grubhub Inc. (NYSE: GRUB) announced that it would report its Q1 2021 earnings. The company will report these results on Wednesday, April 28, 2021, after the market closes. The company will not hold a conference call to review its financial results.
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The Netherlands-based Just Eat Takeaway.com stated that the acquisition of Grubhub is still in progress, and the end date has changed. The global food delivery platform signed an agreement with Grubhub to extend the expected date from June 10, 2021, to December 31, 2021. Just Eat Takeaway.com will proceed with the pending acquisition of the brand.
What is Grubhub?
It’s a company for food ordering and delivery from various restaurants. It connects diners with their preferred local restaurants. Over 31 million active diners use the platform. They can order meals via the brand’s app or website.
Among the brands within Grubhub’s portfolio are Seamless, LevelUp, AllMenus, and MenuPages that are also food delivery platforms. The company operates in over 4,000 U.S. cities. It has built partnerships with many restaurants. It had also featured more than 300,000 restaurants, and it has partnered with about 265,000 restaurants.
Source: Grubhub Inc.
