Grubhub reported a quarterly loss, stark evidence of the pressure food-delivery companies feel as they compete for new customers with discounts and expansion
Grubhub Inc. reported a loss in its most recent quarter, evidence of the pressure on food-delivery companies vying for customers with discounts and expansion efforts.
The Chicago-based company on Wednesday said sales rose to $341 million for the quarter that ended in December, a 19% increase from $288 million a year earlier. The company reported 23 million active diners at the end of last year, compared with 18 million in the final 2018 quarter.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TV Ratings: '911: Lone Star' Gets Post Super-Bowl BoostFox's heavy promotion of 911LoneStar during the Super Bowl paid off with improved ratings on Monday
Read more »
Janelle Mon\u00e1e Will Perform At Sunday's Oscars CeremonyArchAndroids everywhere, we're eating good
Read more »
Why missing a particular meal could be bad for your mental healthThink twice before you rush out the door
Read more »
GM forecasts flat 2020 profit after a rough 2019; shares gainGeneral Motors Co on Wednesday forecast flat profits for 2020 and reported a bet...
Read more »
GM forecasts flat 2020 profit after a rough 2019General Motors Co on Wednesday forecast flat profits for 2020 and reported a bet...
Read more »
Danske Bank beats fourth-quarter net profit expectationsDanske Bank beat fourth-quarter net profit forecasts on Wednesday and said it ex...
Read more »