food delivery Archives - CFO

Building a Case for Macy’s and Just Eat Takeaway’s Spinoffs

Building a Case for Macy’s and Just Eat Takeaway’s Spinoffs

Macy’s e-commerce unit could fetch a handsome valuation as a standalone, and poorly performing Grubhub is dragging down JET's stock price.

By Vincent Ryan | October 26, 2021

DoorDash Shares Deliver 78% Pop in Market Debut

DoorDash Shares Deliver 78% Pop in Market Debut

At the opening price, Wall Street valued DoorDash at $69 billion — more than Chipotle, Domino’s Pizza, and Dunkin’ Brands combined.

By Matthew Heller | December 9, 2020

DoorDash Heads to IPO With Pandemic Sales Surge

DoorDash Heads to IPO With Pandemic Sales Surge

The No. 1 food-delivery service's revenue more than tripled in the first nine months of 2019 though it warned the pandemic-fueled spurt may not last.

By Matthew Heller | November 13, 2020

Uber Buys Postmates in Food Delivery Bet

Uber Buys Postmates in Food Delivery Bet

The $2.65 billion deal will expand Uber's delivery business as its core ride-sharing service sees "massive headwinds" due to COVID-19.

By Matthew Heller | July 6, 2020

Grubhub to Merge with Just Eat Takeaway

Grubhub to Merge with Just Eat Takeaway

The deal comes as talks with Uber fell through over concerns about antitrust approval.

By Lauren Muskett | June 11, 2020

Postmates Closes in Mexico to Focus on U.S.

Postmates Closes in Mexico to Focus on U.S.

The food-delivery startup is also laying off employees in the U.S. as it regroups after shelving an initial public offering.

By Matthew Heller | December 4, 2019

Grubhub Shares Tank on Reduced Q4 Outlook

Financial Performance

Grubhub Shares Tank on Reduced Q4 Outlook

“The easy wins in the [food-delivery] market are disappearing a little more quickly than we thought,” the company said.

By Matthew Heller | October 29, 2019

Domino’s Misses on Earnings, Launches Buyback

Financial Performance

Domino’s Misses on Earnings, Launches Buyback

The pizza-delivery giant has been repurchasing shares as sales growth has slowed amid competition from third-party apps.

By Matthew Heller | October 8, 2019

Uber Revs Up for Long-Awaited, $10 Billion IPO

Uber Revs Up for Long-Awaited, $10 Billion IPO

The offering prospectus “renewed questions about how sustainable Uber’s business actually is," showing core revenue growth slowed to 39% last year.

By Matthew Heller | April 12, 2019

Postmates to Join Parade of Unicorn IPOs

Postmates to Join Parade of Unicorn IPOs

The pioneering food delivery service faces competition from Grubhub, UberEats, and DoorDash in what has become an "extremely overcrowded" market.

By Matthew Heller | February 8, 2019

GrubHub Delivers 27% Increase in Food Sales

GrubHub Delivers 27% Increase in Food Sales

"We are firing on all cylinders," GrubHub CEO Matt Maloney says.

By Matthew Heller | February 8, 2017