GrubHub Inc., together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 35,000 local restaurants with diners in approximately 900 cities. It operates GrubHub and Seamless Websites through grubhub.com and seamless.com. The company also offers GrubHub and Seamless mobile applications and mobile Websites for iPhone, iPad, and Android devices; and Seamless Corporate program that helps businesses address inefficiencies in food ordering and associated billing. In addition, it provides Allmenus.com and MenuPages, which provide an aggregated database of approximately 310,000 menus from re...
111 West Washington Street
Chicago, IL 60602
Founded in 1999
GrubHub Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Provides Earnings Guidance for the First Quarter and Full Year of 2016
Feb 4 16
GrubHub Inc. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported revenues of $99,959,000 compared with $73,313,000 for the same period a year ago. Income before provision for income taxes was $15,639,000 compared with $16,273,000 for the same period a year ago. Net income was $11,288,000 or $0.13 per diluted share compared with $10,765,000 or $0.13 per diluted share for the same period a year ago. Adjusted EBITDA was $26,836,000 compared with $24,971,000 for the same period a year ago. Non-GAAP net income was $16,674,000 or $0.19 per diluted share compared with $14,402,000 or $0.17 per diluted share for the same period a year ago.
For the full year, the company reported revenues of $361,825,000 compared with $253,873,000 for the same period a year ago. Income before provision for income taxes was $61,929,000 compared with $44,984,000 for the same period a year ago. Net income was $38,077,000 or $0.44 per diluted share compared with $24,263,000 or $0.30 per diluted share for the same period a year ago. Net cash provided by operating activities was $44,755,000 compared with $72,904,000 for the same period a year ago. Capitalized website and development costs was $7,137,000 compared with $3,431,000 for the same period a year ago. Purchases of property and equipment was $4,150,000 compared with $3,653,000 for the same period a year ago. Adjusted EBITDA was $104,967,000 compared with $78,703,000 for the same period a year ago. Non-GAAP net income was $58,105,000 or $0.68 per diluted share compared with $38,514,000 or $0.47 per diluted share for the same period a year ago.
The company provided earnings guidance for the first quarter and full year of 2016. For the quarter, the company expects to report revenues in the range of $109 million to $112 million and adjusted EBITDA in the range of $30 million to $33 million.
For the full year, the company expects to report revenues in the range of $445 million to $465 million and adjusted EBITDA in the range of $122 million to $130 million. The company expects tax rate to be approximately 41% in 2016.
GrubHub Seeks Acquisitions
Feb 4 16
Matt Maloney, Chief Executive Officer of GrubHub Inc. (NYSE:GRUB) said, “We are in the process of securing a credit facility which we expect to be larger than the buyback authorization, to have the flexibility to pursue potential acquisition opportunities as well as buy back stock when appropriate. Even if we use the entire buy back authorization during the coming year, we are anticipating adding net cash capacity to pursue deals opportunistically.”
GrubHub Expands Delivery Service to Washington D.C
Feb 3 16
GrubHub announced that its delivery service is available in Washington D.C. Through GrubHub's delivery service, restaurants in Washington D.C. area, including those that did not previously offer delivery, can now expand their customer base and grow their order volume. It will also bring new delivery options to GrubHub diners. GrubHub currently provides delivery services for more than 15 restaurants in Washington D.C., a number that will continue to grow, including local favorites such as: Hälsa and Laliguras Indian and Nepali Bistro.