News Archive - Page 33 of 45

Seamless Unveils Turnkey Delivery Service in Manhattan

New York City’s Hometown Food Ordering Platform Expands Service to Deliver for the Greatest Variety of Local Favorites with Incredible Speed

NEW YORK, Aug. 17, 2016 /PRNewswire/ — Seamless, the iconic New York City food ordering and delivery platform, has launched its turnkey delivery service in Manhattan. Diners are benefiting from the ability of the vast, reliable driver network to deliver food from local favorites and top-rated Manhattan restaurants in under 30 minutes. Local restaurants are reaping the benefits of reaching more Seamless diners – the largest network of hungry diners in Manhattan. By outsourcing their restaurants’ delivery needs to a reliable service with such a captive audience, restaurants are experiencing a significant increase in order volume and gross food sales.In fact, L.E.S Kitchen, known for delicious comfort fare, has seen a 35 percent increase in orders over the past two months.

“Working with Seamless’ delivery service has been a game changer,” said Henry Wong, Owner of L.E.S Kitchen, “The service has been incredibly convenient to use and has made a significant impact on our order volume. It’s been exciting to share our menu of mouthwatering sandwiches with more Seamless diners.”

The new turnkey service allows Seamless to deliver for some of Manhattan’s hottest restaurants, offering diners great options at a lower overall cost.

“Seamless was started in Manhattan and has become synonymous with how New York eats,” said Stan Chia, Senior Vice President of Operations at Seamless and Grubhub. “As New York City’s hometown service, we wanted to deliver even more local favorites to our diners while providing quick delivery times and transparent pricing. We’re proud we’ve been able to do that for our diners while providing even more value to our restaurant partners.”

Seamless’ delivery service is working with a number of local favorites, including:

Ivan Ramen
Black Seed Bagel East Village and Nolita locations
BONMi Upper West Side Chelsea and Nolita locations
Creamline
Just Salad

“We’re passionate about making our famous, one-of-a-kind menu items that keep customers from New York and beyond coming back for more,” said Ivan Orkin, Chef/Owner of Ivan Ramen. “I’ve been working with my team to perfect our takeout to assure an experience as close to dining in the restaurant as possible. With Seamless, we’re able to tap into their convenient delivery service to reach and obtain even more customers, so we can focus on what matters most, noodles!”

The Seamless online and mobile ordering platform connects New York City diners with more than 11,000 restaurants in the Greater New York area, with thousands of pickup and delivery options in Manhattan.

Seamless delivers tremendous benefits to restaurants and diners.

Diners benefit from:

Choice: We connect diners with the nation’s largest restaurant network, which includes more than 45,000 of the best restaurants across the country.
No Mark-Ups: We do not pad menu prices. Diners can rest assured that they are paying the same prices as if they ordered directly from the restaurant and all fees are clearly presented.
Low Fees: We offer industry low delivery fees nationwide.
Transparency: We empower diners with the ability to customize and control each order to meet their dietary needs.
Service: We take care of our diners; every order is backed by our diner-focused, 24/7 Care team.

Restaurants benefit from:

More Orders: We drive significant order volume. Restaurants receive an average of 30 percent more takeout orders during their first year on the platform.
Broadest Reach: We connect restaurants with our industry-leading network of approximately 7.4 million diners.
High ROI: We enable restaurants to participate on our platform with low risk and no up-front cost.
Efficiency: We drive efficiency for restaurant partners; ordering via Seamless is 50 percent more efficient than ordering via phone.

To find takeout restaurants available in your area, check out Seamless.com. If you are interested in becoming part of the Seamless Delivery team, please visit driver.grubhub.com. To find out how your restaurant can join Seamless or Grubhub, check out get.grubhub.com. To learn more about Grubhub and its portfolio of brands, please visit http://media.grubhub.com.

About Grubhub
Grubhub (NYSE: GRUB) is the nation’s leading online and mobile food-ordering company. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the Company’s platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with more than 45,000 restaurant partners in over 1,100 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, AllMenus, MenuPages, LAbite, Restaurants on the Run, DiningIn and Delivered Dish.

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Grubhub Reports Record Second Quarter Results

Grubhub generates 37% revenue growth in the second quarter

CHICAGO, July 28, 2016 /PRNewswire/ — Grubhub Inc. (NYSE: GRUB), the leading takeout marketplace, today announced financial results for the quarter ended June 30, 2016.

“In our strong second quarter, Grubhub continued to build the most comprehensive marketplace connecting restaurants and takeout diners. We posted record net revenues and our best order growth in a year,” said Matt Maloney, CEO. “Grubhub also generated a record number of orders in Q2 despite typical seasonal headwinds, as total order growth accelerated to 23% year-over-year.”

Second Quarter 2016 Highlights

The following results reflect the financial performance and key operating metrics of our business for the three months ended June 30, 2016 as compared to the same period in 2015.

Second Quarter Financial Highlights

Revenues: $120.2 million, a 37% year-over-year increase from $88.0 million in the second quarter of 2015.
Non-GAAP Adjusted EBITDA: $37.6 million, a 32% year-over-year increase from $28.4 million in the second quarter of 2015.
Net Income: $12.8 million, or $0.15 per diluted share, a 37% year-over-year increase from $9.4 million, or $0.11 per diluted share, in the second quarter of 2015.
Non-GAAP Net Income: $19.6 million, or $0.23 per diluted share, a 31% year-over-year increase from $15.0 million, or $0.17 per diluted share.

Second Quarter Key Business Metrics Highlights

Active Diners were 7.35 million, a 24% year-over-year increase from 5.93 million Active Diners in the second quarter of 2015.
Daily Average Grubs were 271,100, a 23% year-over-year increase from 220,100 Daily Average Grubs in the second quarter of 2015.
Gross Food Sales were $733 million, a 29% year-over-year increase from $568 million in the second quarter of 2015.

“Product improvements, our delivery initiative and an updated brand drove better diner growth and significantly higher engagement in the second quarter,” noted Maloney. “Demonstrating the powerful economics of scale in our business, we achieved an adjusted EBITDA margin of 31%, just under the levels in the first and second quarters of 2015 before we began investing meaningfully in our own delivery capabilities.”

Third Quarter and Full Year 2016 Guidance

Based on information available as of July 28th, 2016, the Company is providing the following financial guidance for the third quarter and full year of 2016:

	Third Quarter 2016	Full Year 2016
	(in millions)
Expected Revenue range	$116 – $119	$480 – $488
Expected Adjusted EBITDA range	$30 – $32	$136 – $142

Second Quarter 2016 Financial Results Conference Call: Grubhub will webcast a conference call today at 9 a.m. CT to discuss the second quarter 2016 financial results. The webcast can be accessed on the Grubhub Investor Relations website at http://investors.grubhub.com, along with the Company’s earnings press release and financial tables. A replay of the webcast will be available at the same website until August 11, 2016.

Use of Forward Looking Statements:
This press release contains forward-looking statements regarding our management’s future expectations, beliefs, intentions, goals, strategies, plans and prospects, including the expected financial performance of Grubhub following its recent acquisitions and investment in delivery. Such statements constitute “forward-looking” statements, which are subject to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and assumptions that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and uncertainties include, but are not limited to, the matters set forth in the filings that we make with the Securities and Exchange Commission from time to time, including those set forth in the section entitled “Risk Factors” in our Annual Report on Form 10-K filed on February 26, 2016, which are on file with the SEC and are available on the Investor Relations section of our website at http://investors.grubhub.com/. Additional information will be set forth in our Quarterly Report on Form 10-Q that will be filed for the quarter ended June 30, 2016, which should be read in conjunction with these financial results. Please also note that forward-looking statements represent our management’s beliefs and assumptions only as of the date of this press release. Except as required by law, we assume no obligation to publicly update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information, becomes available in the future.

Use of Non-GAAP Financial Measures
Adjusted EBITDA, non-GAAP net income and non-GAAP net income per diluted share attributable to common stockholders are financial measures that are not calculated in accordance with accounting principles generally accepted in the United States, or GAAP.

We define Adjusted EBITDA as net income adjusted to exclude acquisition and restructuring costs, income taxes, depreciation and amortization and stock-based compensation expense. Non-GAAP net income and non-GAAP net income per diluted share attributable to common stockholders exclude acquisition and restructuring costs, amortization of acquired intangible assets, stock-based compensation expense and other nonrecurring items as well as the income tax effects of these non-GAAP adjustments. We use these non-GAAP financial measures as key performance measures because we believe they facilitate operating performance comparisons from period to period by excluding potential differences primarily caused by variations in capital structures, tax positions, the impact of acquisitions and restructuring, the impact of depreciation and amortization expense on our fixed assets and the impact of stock-based compensation expense. Adjusted EBITDA, non-GAAP net income and non-GAAP net income per diluted share attributable to common stockholders are not measurements of our financial performance under GAAP and should not be considered as an alternative to performance measures derived in accordance with GAAP.

See “Schedule of Non-GAAP Financial Measures Reconciliation” below for a reconciliation of net income to Adjusted EBITDA, non-GAAP net income and non-GAAP net income per diluted share attributable to common stockholders.

GRUBHUB INC.

STATEMENTS OF OPERATIONS (in thousands, except per share data)

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Revenues	$	120,173	$	87,955	$	232,413	$	176,204
Costs and expenses:
Sales and marketing		25,355		20,679		54,188		44,786
Operations and support		40,696		24,603		75,683		47,304
Technology (exclusive of amortization)		10,567		7,902		20,759		15,568
General and administrative		12,158		9,745		25,747		18,846
Depreciation and amortization		8,885		8,829		16,193		15,078
Total costs and expenses		97,661		71,758		192,570		141,582
Income before provision for income taxes		22,512		16,197		39,843		34,622
Provision for income taxes		9,707		6,845		17,105		14,700
Net income attributable to common stockholders	$	12,805	$	9,352	$	22,738	$	19,922
Net income per share attributable to common stockholders:
Basic	$	0.15	$	0.11	$	0.27	$	0.24
Diluted	$	0.15	$	0.11	$	0.27	$	0.23
Weighted-average shares used to compute net income per share attributable to common stockholders:
Basic		84,741		84,116		84,725		83,449
Diluted		85,749		85,833		85,724		85,465

KEY OPERATING METRICS

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Active Diners (000s)		7,352		5,932		7,352		5,932
Daily Average Grubs		271,100		220,100		269,500		227,300
Gross Food Sales (millions)	$	732.6	$	567.6	$	1,445.4	$	1,157.5

GRUBHUB INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)



	June 30, 2016		December 31, 2015
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	132,924	$	169,293
Short term investments		136,883		141,448
Accounts receivable, less allowances for doubtful accounts		57,087		42,051
Prepaid expenses		6,602		3,482
Total current assets		333,496		356,274
PROPERTY AND EQUIPMENT:
Property and equipment, net of depreciation and amortization		32,320		19,082
OTHER ASSETS:
Other assets		5,218		3,105
Goodwill		437,009		396,220
Acquired intangible assets, net of amortization		323,816		285,567
Total other assets		766,043		684,892
TOTAL ASSETS	$	1,131,859	$	1,060,248
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Restaurant food liability	$	71,276	$	64,326
Accounts payable		11,282		8,189
Accrued payroll		6,118		4,841
Taxes payable		1,020		426
Other accruals		14,267		11,830
Total current liabilities		103,963		89,612
LONG TERM LIABILITIES:
Deferred taxes, non-current		103,376		87,584
Other accruals		5,818		5,456
Total long term liabilities		109,194		93,040
STOCKHOLDERS’ EQUITY:
Common stock, $0.0001 par value		8		8
Accumulated other comprehensive loss		(1,396)		(604)
Additional paid-in capital		778,452		759,292
Retained earnings		141,638		118,900
Total Stockholders’ Equity	$	918,702	$	877,596
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,131,859	$	1,060,248

GRUBHUB INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)

	Six Months Ended June 30,
	2016		2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	22,738	$	19,922
Adjustments to reconcile net income to net cash from operating activities:
Depreciation		3,327		2,721
Provision for doubtful accounts		420		260
Deferred taxes		(4,174)		35
Amortization of intangible assets		12,866		12,357
Stock-based compensation		12,406		6,265
Other		316		417
Change in assets and liabilities, net of the effects of business acquisitions:
Accounts receivable		(11,722)		(8,460)
Prepaid expenses and other assets		(3,315)		(485)
Restaurant food liability		4,278		3,052
Accounts payable		(858)		(3,957)
Accrued payroll		595		(3,000)
Other accruals		316		1,417
Net cash provided by operating activities		37,193		30,544
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of investments		(123,723)		(65,645)
Proceeds from maturity of investments		128,490		64,618
Capitalized website and development costs		(5,380)		(3,104)
Purchases of property and equipment		(8,362)		(1,201)
Acquisitions of businesses, net of cash acquired		(67,528)		(55,687)
Acquisition of other intangible assets		(250)		—
Other cash flows from investing activities		(576)		—
Net cash used in investing activities		(77,329)		(61,019)
CASH FLOWS FROM FINANCING ACTIVITIES
Repurchases of common stock		(14,774)		—
Proceeds from exercise of stock options		2,878		9,777
Excess tax benefits related to stock-based compensation		18,767		14,421
Taxes paid related to net settlement of stock-based compensation awards		(938)		—
Payments for debt issuance costs		(1,477)		—
Net cash provided by financing activities		4,456		24,198
Net change in cash and cash equivalents		(35,680)		(6,277)
Effect of exchange rates on cash		(689)		76
Cash and cash equivalents at beginning of year		169,293		201,796
Cash and cash equivalents at end of the period	$	132,924	$	195,595
SUPPLEMENTAL DISCLOSURE OF NON CASH ITEMS
Fair value of common stock issued for acquisitions	$	—	$	15,980
Cash paid for income taxes		3,250		—

NON-GAAP FINANCIAL MEASURES RECONCILIATION
(in thousands, except per share data)

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Net income	$	12,805	$	9,352	$	22,738	$	19,922
Income taxes		9,707		6,845		17,105		14,700
Depreciation and amortization		8,885		8,829		16,193		15,078
EBITDA		31,397		25,026		56,036		49,700
Acquisition and restructuring costs		697		134		1,528		703
Stock-based compensation		5,505		3,258		12,406		6,265
Adjusted EBITDA	$	37,599	$	28,418	$	69,970	$	56,668

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Net income	$	12,805	$	9,352	$	22,738	$	19,922
Stock-based compensation		5,505		3,258		12,406		6,265
Amortization of acquired intangible assets		5,640		4,673		10,685		8,788
Accelerated write-down of Seamless technology platform		—		1,897		—		1,897
Acquisition and restructuring costs		697		134		1,528		703
Income tax adjustments		(5,068)		(4,314)		(10,537)		(7,644)
Non-GAAP net income	$	19,579	$	15,000	$	36,820	$	29,931
Weighted-average diluted shares used to compute net income per share attributable to common stockholders		85,749		85,833		85,724		85,465
Non-GAAP net income per diluted share attributable to common stockholders	$	0.23	$	0.17	$	0.43	$	0.35

	Guidance
	Three Months Ended September 30, 2016				Year Ended December 31, 2016
	Low		High		Low		High
	(in millions)
Net income	$	8	$	9	$	42	$	46
Income taxes		6		7		32		34
Depreciation and amortization		10		10		37		37
EBITDA		24		26		111		117
Acquisition and restructuring costs		—		—		—		—
Stock-based compensation		6		6		25		25
Adjusted EBITDA	$	30	$	32	$	136	$	142

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Grubhub To Announce Second Quarter 2016 Financial Results On July 28, 2016

CHICAGO, July 13, 2016 /PRNewswire/ — Grubhub Inc. (NYSE: GRUB), the nation’s leading online and mobile food-ordering and delivery platform, today announced that it will host a conference call to discuss its second quarter financial results on Thursday, July 28th, 2016, at 9:00 a.m. Central Time, following the release of the Company’s financial results. Matt Maloney, CEO, and Adam DeWitt, CFO will host the webcast.

The live webcast of the conference call will be available on the investor relations section of the Grubhub website at http://investors.grubhub.com/. Following completion of the call, a recorded replay of the webcast will be available on the website.

About Grubhub
Grubhub (NYSE: GRUB) is the nation’s leading online and mobile food-ordering company. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the company’s platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with more than 44,000 restaurant partners in over 1,000 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, AllMenus, MenuPages, Restaurants on the Run, DiningIn, Delivered Dish and LAbite.

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Grubhub Reports Record Second Quarter Results

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Android Pay now available for Grubhub, Seamless customers

New option offers another quick, convenient and secure way for diners to pay for in-app orders

CHICAGO, July 12, 2016 /PRNewswire/ — Grubhub, the nation’s leading online and mobile food-ordering and delivery platform, today announced the availability of a new payment option for its customers. Grubhub and Seamless diners can now pay for delivery or takeout orders placed via their Android app using Android Pay.

Android Pay is easy to use, and offers Grubhub and Seamless customers another secure option for mobile payment. Diners can simply select Android Pay at checkout, and have their food delivered from any of their favorite local restaurants.

“More than 60 percent of our orders come through mobile devices and we are always looking for ways to make ordering from Grubhub and Seamless even more convenient,” said Sudev Balakrishnan, SVP of Product, Grubhub. “We’re thrilled to bring our diners the ease of Android Pay so they can more efficiently order food from their favorite local restaurants.”

People who have previously set up Android Pay will now see the option to use Android Pay at checkout. Users who have not set up Android Pay can download the Android Pay app and set it up by adding an eligible credit or debit card.

“We want to make it easier for businesses like Grubhub to offer a simpler, faster in-app payment solution for their customers,” said Pali Bhat, Director, Product Management, Google. “With Android Pay, people will be able to speed through checkout with their Android phones in as few as two clicks.”

To find takeout restaurants available in your area, download our Android app or check out Grubhub.com. If you are interested in becoming part of the Grubhub Delivery team, please visit driver.grubhub.com. To find out how your restaurant can join Grubhub, check out get.grubhub.com. To learn more about Grubhub and its portfolio of brands, please visit http://media.grubhub.com.

About Grubhub

Grubhub (NYSE: GRUB) is the nation’s leading online and mobile food-ordering company. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the company’s platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with more than 44,000 restaurant partners in over 1,000 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, AllMenus, MenuPages, Restaurants on the Run, DiningIn, LA Bite and Delivered Dish.

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Grubhub Unveils New, Faceted Ratings and Reviews System

Over 6.5 million diner-provided data points collected since December 2015 deliver actionable, accurate information for Grubhub customers and restaurants

CHICAGO, July 11, 2016 /PRNewswire/ — Grubhub, the nation’s leading online and mobile food-ordering and delivery platform, today announced the launch of its new, faceted ratings and reviews system. The new system provides in-depth insights into three aspects of the takeout experience: accuracy of delivery time, order accuracy and food quality. It also raises the bar for transparency and trust in the online restaurant ratings and reviews space, with an unprecedented volume of diner-generated data and fraud prevention enhancements.

“Grubhub works hard to connect diners with the food they love from their favorite local restaurants, and to help restaurants succeed with innovative tools and technology,” said Sudev Balakrishnan, Senior Vice President of Product, Grubhub. “We saw an opportunity to empower our diners by giving them accurate information on the aspects of the ordering experience they care about most, so they can make the ordering decision that best meets their needs. At the same time, we are able to help restaurant owners attract and retain more loyal diners by providing transparency into the factors that influence the rating of their restaurant.”

The new system is powered by a true collaboration with diners. Each day, Grubhub collects, on average, 70,000 data points from its customers. These data points are provided by diners shortly after they receive and consume their meal, via a short text survey, or a survey that appears when the diner logs back onto the Grubhub site. In either case, the diner is asked a short series of questions about their experience. The data from these responses is then aggregated into an overall star rating as well as a score for each facet of the ordering experience.

Cultivated through extensive market research and usability testing with both new and existing diners, the new system provides significant benefits for diners and restaurant owners, and is tailor-made for the online food ordering experience.

Benefits for Diners

More useful information to make educated ordering decisions, including insights into:
- Order accuracy
- Food quality
- Accuracy of delivery time
An easier, faster way to provide timely reviews of local restaurants
Increased trust due to improved accuracy and timeliness of reviews

Benefits for Restaurants

Insights into what Grubhub users love about their restaurant
Detail on actionable opportunities to improve service and grow diner loyalty
Improved accuracy and timeliness of reviews

“At Chopt we’re focused on providing our diners with great local ingredients and a top of the line experience whether they order in one of our many locations or online,” said Tom Kelleher, SVP of Operations for Chopt Salad Company. “The new ratings and reviews process provides us with feedback on each level of the delivery experience — time, accuracy and taste — so that we are able to maintain our high quality standards for new and existing customers.”

The new ratings and reviews system is now available on Grubhub and Seamless desktop and mobile web.

To find takeout restaurants available in your area, check out Grubhub.com. If you are interested in becoming part of the Grubhub Delivery team, please visit driver.grubhub.com. To find out how your restaurant can join Grubhub, check out get.grubhub.com. To learn more about Grubhub and its portfolio of brands, please visit http://media.grubhub.com.

About Grubhub
Grubhub (NYSE: GRUB) is the nation’s leading online and mobile food-ordering company. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the company’s platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with more than 44,000 restaurant partners in over 1,000 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, AllMenus, MenuPages, Restaurants on the Run, DiningIn, LAbite and Delivered Dish.

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Apple Pay Coming to Grubhub’s Customers

Offering an Easy, Secure & Private Way to Pay

CHICAGO, June 3, 2016 /PRNewswire/ — Grubhub, the nation’s leading online and mobile food-ordering and delivery platform, today brings its customers Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient.

“We’re always looking for ways to make it easier for our diners to find and order the type of food they want, when they want it, from their favorite local restaurants,” said Sudev Balakrishnan, SVP of Product for Grubhub. “We’re thrilled to bring the ease of use of Apple Pay to our diners. It offers another quick and convenient way for them to pay for their meals, whether they’re at home or on the go.”

Apple Pay is easy to set up and users will continue to receive all of the rewards and bene?ts offered by credit and debit cards. In stores, Apple Pay works with iPhone SE, iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus and AppleWatch.

Online shopping in apps accepting Apple Pay is as simple as the touch of a finger with Touch ID, so there’s no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information. When paying for goods and services within apps, Apple Pay is compatible with iPhone SE, iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, iPad Air 2, iPad mini 3, iPad mini 4 and iPad Pro.

Security and privacy is at the core of Apple Pay. When you use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.

For more information on Apple Pay, visit: http://www.apple.com/apple-pay/

About Grubhub
Grubhub (NYSE: GRUB) is the nation’s leading online and mobile food-ordering company. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the company’s platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with more than 44,000 restaurant partners in over 1,000 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, AllMenus, MenuPages, Restaurants on the Run, DiningIn, LA Bite and Delivered Dish.

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Grubhub Expands Turnkey Delivery Service to Columbus

Industry Leader to Provide Delivery Capabilities to Restaurants Without In-House Delivery Staff

CHICAGO, May 19, 2016 /PRNewswire/ — Grubhub, the nation’s leading online and mobile food-ordering and delivery platform, announced today that it has expanded its turnkey delivery service to the Columbus area. Through this service, restaurants in Columbus can now expand their customer base and grow their order volume by utilizing Grubhub’s on-the-ground network of delivery drivers. With more restaurants offering their menus for delivery, Grubhub is able to bring a broader set of restaurant choices to diners.

Grubhub’s online ordering platform has been available in Columbus since 2011 and connects Columbus area diners with more than 150 local restaurants. With the addition of Grubhub’s turnkey delivery service, Columbus diners now have a growing number of new delivery options to choose from. Local favorites using this delivery service include:

“Columbus is a vibrant city with a rich cultural and culinary landscape that continues to grow every day,” said Stan Chia, SVP of Operations, Grubhub. “We’re thrilled to help our local restaurants partners add to that growth with the technology and services to reach more customers through delivery and bring even more excellent local choices to our diners.”

Grubhub’s national scale lowers the overall cost of delivery to diners, which in turn, helps encourage diner loyalty. And when Grubhub handles the delivery, restaurants can focus on making great food. The efficiency of Grubhub’s delivery service, combined with great food, creates a win-win for local restaurants and diners.

“We love providing our customers with delicious food that keeps them coming back for more,” said Rodrigo Castro, Owner of Phamous Philly’s. “Grubhub’s technology makes it easy for new and existing customers to order our mouthwatering cheesesteaks from the comfort of their home or office.”

Diners Benefits:

Choice: We connect diners with the nation’s largest restaurant network, which includes more than 44,000 of the best restaurants across the country.
No Mark-Ups: We do not pad menu prices. Diners can rest assured that they are paying the same prices as if they ordered directly from the restaurant and all fees are clearly presented.
Low Fees: We offer industry low delivery fees nationwide, versus most other services.
Transparency: We empower diners with the ability to customize and control each order to meet their dietary needs.
Service: We take care of our diners; every order is backed by our diner-focused, 24/7 Care team.

Restaurants Benefits:

More Orders: We drive significant order volume. Restaurants receive an average of 30 percent more takeout orders during their first year on the platform.
Broadest Reach: We connect restaurants with our industry-leading network of more than 6.9 million diners.
High ROI: We enable restaurants to participate on our platform with low risk and no up-front cost.
Efficiency: We drive efficiency for restaurant partners; ordering via Grubhub is 50 percent more efficient than ordering via phone.
Competitive Commission Rates: Our industry-leading scale allows us to offer a cost-effective commission rate. Almost all restaurants using our delivery service pay a combined marketing + delivery commission that is less than 30%.

Grubhub’s turnkey delivery service launched in June of 2014 and has since expanded to more than 50 markets across the country. Recently, Grubhub announced relationships with a number of national chain restaurants, including Boston Market, Johnny Rocket’s, California Pizza Kitchen, Veggie Grill and Panda Express.

About Grubhub
Grubhub (NYSE: GRUB) is the nation’s leading online and mobile food-ordering company. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the company’s platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with more than 40,000 restaurant partners in over 1,000 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, AllMenus, MenuPages, Restaurants on the Run, DiningIn, LAbite and Delivered Dish.

Grubhub Unveils New In-Restaurant Technology

GrubCentral Makes Managing Online Orders Easier Than Ever

CHICAGO, May 19, 2016 /PRNewswire/ — Grubhub, the nation’s leading online and mobile food-ordering and delivery platform, today announced the launch of GrubCentral, the company’s new in-restaurant technology platform. Accessible from any device, the GrubCentral platform makes it easy for restaurants to manage their menus, review Grubhub financial statements and easily process orders from any device.

GrubCentral raises the bar on efficiency and functionality standards for in-house restaurant technology. It offers significant improvements over the first in-house restaurant technology, OrderHub, which Grubhub introduced in 2012. OrderHub is an Android app that allowed restaurants to manage online orders received via Grubhub.

“We are completely focused on connecting diners and restaurants, offering the best and broadest set of restaurant choices to diners and positively impacting the bottom line of our restaurant partners,” said Sudev Balakrishnan, SVP of Product for Grubhub. “We’re thrilled that GrubCentral will make the lives of restaurant owners easier by improving accessibility, enabling real-time menu updates and offering tighter integration with our delivery drivers. Efficiencies driven by this new product will give time back to our restaurant partners to focus on what they love: serving up delicious food.”

A snapshot of GrubCentral’s new features include:

Access from any device, anywhere – Restaurants can opt for a Grubhub-provided tablet, or they can use a web browser on their own hardware. This clears up the crowded, tablet-filled counter space, allowing owners to manage financials in a back office while staff can continue to manage orders from the front of the house.
Manage menus in real-time– Restaurants will be able to create and modify their online Grubhub menu in real-time, giving them control and flexibility over their menu. This enables restaurant owners to instantaneously change and update menu items, including daily specials that are being offered.
Integrated Grubhub Delivery features– Owners are given real-time status updates on driver location. In combination with map tracking, this helps restaurants decide when to fire food and also allows access to each driver’s contact info, so restaurants can reach out to drivers to check on orders or resolve issues.

“We pride ourselves on our in-house, chef driven specials,” said Rick Jurmark, General Manager of EJ’s Luncheonette in New York City. “With GrubCentral’s menu management capabilities, it’s been a game changer when it comes to offering daily specials. We can easily update our menu with just a few clicks, allowing us to provide a more diverse menu selection and increase our order volume while improving recognition of our brand.”

GrubCentral is being used by thousands of restaurants and will continue to be offered to more restaurants over the coming months.

About Grubhub
Grubhub (NYSE: GRUB) is the nation’s leading online and mobile food-ordering company. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the company’s platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with more than 44,000 restaurant partners in over 1,000 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, AllMenus, MenuPages, Restaurants on the Run, DiningIn, LA Bite and Delivered Dish.

Grubhub Completes Acquisition Of LAbite

CHICAGO, May 11, 2016 /PRNewswire/ — Grubhub Inc. (NYSE: GRUB), the leading takeout marketplace, today announced it has completed the acquisition of LAbite.

Second Quarter and Full Year 2016 Guidance

Grubhub is making the following adjustments to its previous outlook for the second quarter and full year of 2016, based on information available as of May 11, 2016, which includes the impact of the LAbite acquisition:

	Second Quarter 2016	Full Year 2016
	(in millions)
Expected revenue range	$113 – $115	$465 – $480
Expected Adjusted EBITDA range	$30 – $32	$125 – $133

About Grubhub
Grubhub (NYSE: GRUB) is the nation’s leading online and mobile food-ordering company. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the company’s platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with more than 44,000 restaurant partners in over 1,000 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, AllMenus, MenuPages, LAbite, Restaurants on the Run, DiningIn and Delivered Dish.

Use of Forward Looking Statements:
This press release contains forward-looking statements regarding our management’s future expectations, beliefs, intentions, goals, strategies, plans and prospects, including the expected financial performance of Grubhub following its recent acquisitions and investment in delivery. Such statements constitute “forward-looking” statements, which are subject to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and assumptions that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and uncertainties include, but are not limited to, the matters set forth in the filings that we make with the Securities and Exchange Commission from time to time, including those set forth in the section entitled “Risk Factors” in our Annual Report on Form 10-K filed on February 26, 2016, which are on file with the SEC and are available on the Investor Relations section of our website at http://investors.grubhub.com/. Our financial results should be read in conjunction with our Quarterly Report on Form 10-Q for the quarter ended March 31, 2016 that was filed on May 9, 2016. Please also note that forward-looking statements represent our management’s beliefs and assumptions only as of the date of this press release. Except as required by law, we assume no obligation to publicly update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information, becomes available in the future.

Use of Non-GAAP Financial Measures
Adjusted EBITDA is a financial measure that is not calculated in accordance with accounting principles generally accepted in the United States, or GAAP.

We define Adjusted EBITDA as net income adjusted to exclude acquisition and restructuring costs, income taxes, depreciation and amortization and stock-based compensation expense. We use these non-GAAP financial measures as key performance measures because we believe they facilitate operating performance comparisons from period to period by excluding potential differences primarily caused by variations in capital structures, tax positions, the impact of acquisitions and restructuring, the impact of depreciation and amortization expense on our fixed assets and the impact of stock-based compensation expense. Adjusted EBITDA is not a measurement of our financial performance under GAAP and should not be considered as an alternative to performance measures derived in accordance with GAAP.

Contacts:
	Anan Kashyap	Katie Norris
	Corporate Finance & Investor Relations	Press press@grubhub.com
	ir@grubhub.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/grubhub-completes-acquisition-of-labite-300266782.html

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