Earnings Analysis: Grubhub Inc. (NYSE: GRUB)

CHICAGO, June 20, 2019 – GrubHub Inc. (GRUB) recently posted revenues of $324.0M, which is a 39% year-over-year increase from $233.0M in the first quarter of 2018. Gross Food Sales grew 21% year-over-year to $1.50B, up from $1.20B in the same period last year.

First Quarter Financial Highlights:

  • Revenues: $323.80M, a 39% year-over-year increase from $232.60M in the first quarter of 2018.
  • Net Income: $6.90M, or $0.07 per diluted share, a 78% year-over-year decrease from $30.80M, or $0.34 per diluted share, in the first quarter of 2018.
  • Non-GAAP Adjusted EBITDA: $50.90M, a 21% year-over-year decrease from $64.10M in the first quarter of 2018.
  • Non-GAAP Net Income: $27.90M, or $0.30 per diluted share, a 41% year-over-year decrease from $47.20M, or $0.52 per diluted share, in the first quarter of 2018.

First Quarter Key Business Metrics Highlights:

  • Active Diners were 19.30M, a 28% year-over-year increase from 15.10M Active Diners in the first quarter of 2018.
  • Daily Average Grubs (DAGs) were 521.0K, a 19% year-over-year increase from 436,900 DAGs in the first quarter of 2018.
  • Gross Food Sales were $1.50B, a 21% year-over-year increase from $1.20B in the first quarter of 2018.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.