grubhub earnings call 2020


We can increase our advertising to get more new diners. This is custom-made for the the university campus application.Will we let our competitors execute orders across our Ultimate devices?

So, by definition, most of the restaurants that we were signing in March and April were non-partnered restaurants.But I think it's important to note that there is a, from a restaurant value perspective, there is a massive leap, right, from becoming a non-partnered to a partnered restaurant in terms of value that we bring to the table. We have cash drawer. Obviously, that's fantastic because the more supply we have, the more likely we are to gain the new diners, the more likely we are to retain the diners. Just any comment there would be great.Yeah, I don't actually think that that's a fair characterization. And we recently launched our SMB loyalty tools for independent restaurants that bring the best-of-breed loyalty programs from the big brands down market into the independent mom and pops.And so, a lot of this work has really been building the foundation to allow restaurants to roll out material economic incentives for consumers. We have all of our university integrations and obviously loyalty, which is, which is one of the most valuable assets on our platform.These tools, they've been evolving for five years with the best-of-class enterprise brands.
I think if you, if you back up to our pre-earnings letter that we published on April 13th, we kind of -- we kind of gave a view into the momentum we were seeing and to that point we were seeing kind of 10% year-over-year growth. And Adam, do you want to add anything.Yeah, thanks. This is before there was a wide variety of third-party platforms that would allow small businesses to do their own websites very -- and expensively. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared … Stock Market As a result of all of these factors, our first quarter DAGs ended up flattish compared to the first quarter of 2019.Exiting the first quarter and in the beginning of the second quarter, we have seen trends improve significantly – so far in April our overall year-over-year DAG growth has been approximately 10%. node.dataset.value : node.getAttribute('data-value'); if (selectedValue) { for (var j = 0; j < node.options.length; j++) { if(node.options[j].value === selectedValue) { node.options[j].selected = 'selected';break;}}}}} Are they opening them? Our preliminary data shows that on average, our independent restaurants are seeing over 10% fewer orders since the fee cap and many of these orders have shifted to a large brand or QSR restaurants that were not impacted by the emergency ordinance.That's not good for small businesses, and even worse, these lost orders also result in lost wages and tips for our delivery drivers. But it seems that this COVID crisis has accelerated that trend because so many restaurants are hurting and so many restaurants reached out to every platform and said, I need to be on it right now.We've seen that. Posted Jul 30, 2020 6:28 am MDT. Vaxart’s (VXRT) Stock Will Surge 130% From Current Levels, Says Analyst And just maybe longer term, after this investment period, 12 to 18 months, do you think that contribution profit for all orders can turn positive? We talked about this in the first page of the letter. They pay us more to have access to the corporate infrastructure. So, it's available to everyone. It's a tricky -- I t's a tricky question, I think that restaurants are in a lot of pain. Because it seems like that independents carry some value for restaurants.You tossed the basket at me there.

That whole process has been accelerated and these brands are very focused on getting as many locations and getting integrated. So, the shares are expected to perform in line with the market in the near future. © 2016 GrubHub • All rights reserved. Zacks Equity Research Yeah, so I mean, look, I think we kind of laid out in the letter how things are going. Thank you.Yeah, sure Ron. If they have a loyalty offering on our platform, they're stealing share from other restaurants. And then one thing I was hoping to reconcile as well from the shareholder letters is that, it's said that they're not seeing competitive headwinds in April. And now, we're really focused on building that content. You talked about restaurants reopening have a negative -- having a negative impact on dining order habits.

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