News Type: Newsroom Archive

GrubHub Adds Girish Lakshman to Board of Directors

CHICAGO, March 16, 2015 /PRNewswire/ — GrubHub Inc. (NYSE:GRUB) announced today that Girish Lakshman, former Vice President of Worldwide Transportation Strategy and Technology at Amazon, is joining its Board of Directors.

Girish joined Amazon in 1999 and served in various senior roles as part of the organization’s e-logistics strategy team. Upon his retirement in August 2014, he was managing multi-disciplinary functions in transportation, including interfacing with global supply chain and fulfillment centers. Girish also serves on the advisory board of the Master of Supply Chain Transportation and Logistics program at University of Washington.

“We are thrilled to welcome Girish to the Board, and look forward to getting the benefit of his extensive background in logistics and eCommerce,” said Matt Maloney, CEO and Founder of GrubHub. “His skills and experience will be extremely valuable as we expand our leadership position in online ordering, particularly as we integrate our recent acquisitions and grow our presence in restaurant delivery.”

About GrubHub
GrubHub Inc. (NYSE:GRUB) is one of the nation’s largest portfolios of online and mobile takeout food ordering and delivery services. Connecting diners to more than 30,000 restaurants in 800 U.S. cities and London, the company’s platforms and services strive to make takeout better through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. The GrubHub Inc. portfolio of brands includes GrubHub, Seamless, AllMenus, MenuPages, Restaurants on the Run and DiningIn.

Contacts:
Anan Kashyap
Corporate Finance & Investor Relations
ir@grubhub.com

Abby Hunt
Press
press@grubhub.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/grubhub-adds-girish-lakshman-to-board-of-directors-300050823.html

GrubHub Completes Acquisition Of Restaurants On The Run

CHICAGO, March 2, 2015 /PRNewswire/ — GrubHub Inc. (NYSE: GRUB), the leading online and mobile food-ordering company, today announced it has completed the acquisition of Restaurants on the Run. With the close of this acquisition, GrubHub is now executing delivery for nearly 3,000 restaurants across the country.

B. Riley & Co. served as the financial advisor to Restaurants on the Run for this transaction.

First Quarter and Full Year 2015 Guidance

GrubHub is making the following adjustments to its previous outlook for the first quarter and full year of 2015, based on information available as of March 2, 2015, which includes the impact of the Restaurants on the Run acquisition:

First Quarter 2015

Full Year 2015

(in millions)

Expected revenue range

$84 – $86

$343 – $358

Expected Adjusted EBITDA range

$24 – $26

$101 – $109

About GrubHub

GrubHub Inc. (NYSE: GRUB) is the nation’s leading online and mobile food ordering company dedicated to connecting hungry diners with local takeout restaurants. The company’s online and mobile ordering platforms allow diners to order directly from approximately 30,000 takeout restaurants in more than 800 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams.

About Restaurants on the Run

Founded in 1993, Restaurants on the Run is the West Coast’s largest restaurant food delivery service specializing in corporate catering and restaurant delivery. Restaurants on the Run delivers on time meals and a consistent customer experience for more than 1,700 restaurant locations across Los Angeles, San Francisco, Orange County, San Diego, Houston, Seattle, Las Vegas and Tulsa. Using smart delivery logistics, Restaurants on the Run is focused on perfecting the ordering and delivery experience.

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 benefits to GrubHub from the acquisitions of DiningIn and Restaurants on the Run, and the expected financial performance of GrubHub following such acquisitions. 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 Prospectus filed on September 5, 2014 and our most recent Quarterly Report on Form 10-Q for the quarter ended September 30, 2014, 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 Annual Report on Form 10-K that will be filed for the year ended December 31, 2014, 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 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 merger and restructuring costs, income taxes, depreciation and amortization and stock-based compensation expense. We use Adjusted EBITDA as a key performance measure because we believe it facilitates 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

Corporate Finance & Investor Relations

ir@grubhub.com

Abby Hunt

Press

press@grubhub.com

GrubHub To Participate In Morgan Stanley, Raymond James And JMP Securities Conferences

CHICAGO, Feb. 27, 2015 /PRNewswire/ — GrubHub Inc. (NYSE: GRUB), the leading online and mobile food-ordering company, today announced that Chief Executive Officer, Matt Maloney will participate at the JMP Securities Technology Conference and Morgan Stanley Technology, Media and Telecom Conference 2015 in San Francisco, California on March 2nd and 3rd, 2015 respectively.  In addition, Adam DeWitt, Chief Financial Officer, will participate at the 2015 Raymond James Institutional Investors Conference in Orlando, Florida on March 2nd, 2015.

About GrubHub

GrubHub Inc. (NYSE: GRUB) is the nation’s leading online and mobile food ordering company dedicated to connecting hungry diners with local takeout restaurants. The company’s online and mobile ordering platforms allow diners to order directly from approximately 30,000 takeout restaurants in more than 800 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams.

Contacts:

Anan Kashyap

Abby Hunt

Corporate Finance & Investor Relations

Press Relations

ir@grubhub.com

press@grubhub.com

GrubHub Reports Record Fourth Quarter And Year-End Results

GrubHub generates 50 percent revenue growth in the fourth quarter and expands into delivery with the acquisition of two leading restaurant delivery services

CHICAGO, Feb. 5, 2015 /PRNewswire/ — GrubHub Inc. (NYSE: GRUB), the leading online and mobile food-ordering company, today announced financial results for the quarter and year-ended December 31, 2014.  The Company also announced the completed acquisition of DiningIn and an agreement to acquire Restaurants on the Run, two of the leading restaurant delivery services in the U.S.

“We ended the year with strong growth momentum as we capitalized on the seasonally favorable conditions of the fourth quarter,” said Matt Maloney, CEO. “We sent more than 200,000 orders a day to our restaurant partners during the quarter while surpassing 5 million active diners, resulting in record revenues and adjusted EBITDA.  GrubHub continues to be the clear platform of choice for restaurants that want to grow their businesses profitably and for diners looking for simplicity, choice and control when ordering takeout.”

Acquisitions

The Company has completed the acquisition of DiningIn and signed a definitive agreement to acquire Restaurants on the Run, subject to certain closing conditions. With the completion of these acquisitions, GrubHub will be executing deliveries for nearly 3,000 restaurants across the U.S., including in Boston, Chicago, Dallas, Houston, Las Vegas, Los Angeles, Minneapolis, Philadelphia, San Diego, San Francisco and Seattle.

GrubHub has been conducting its own delivery tests for the past year and believes that owning the delivery experience provides a number of key benefits to its diners and restaurant partners, including:

  • An improved diner experience due to GrubHub’s additional visibility into each order;
  • An increased number of dining choices by bringing delivery services to restaurants that do not operate such services themselves; and
  • Lower overall delivery costs due to the benefits of scale and aggregation

“We are excited to start 2015 with these acquisitions, the completion of which will help us expand our leading position in online ordering and also make GrubHub a leader in restaurant delivery for independent restaurants,” noted Maloney. “DiningIn and Restaurants on the Run are ideal partners for GrubHub because of the breadth and depth of their restaurant networks and the more than 45 years of combined experience they have operating successful restaurant delivery services.”

Fourth Quarter and Full Year 2014 Highlights

The following results reflect the financial performance and key operating metrics of our business for the three months and year ended December 31, 2014, compared to the non-GAAP pro forma combined results of Seamless Holdings and GrubHub Holdings for the three months and year ended December 31, 2013, giving effect to the August 2013 merger of the two companies.

Fourth Quarter Financial Highlights

  • Revenues: $73.3 million, a 50% year-over-year increase from $49.0 million in the fourth quarter of 2013.
  • Non-GAAP Adjusted EBITDA: $25.0 million, a 92% year-over-year increase from $13.0 million in the fourth quarter of 2013.
  • Net Income: $10.8 million, a 381% year-over-year increase from $2.2 million in the fourth quarter of 2013.

Fourth Quarter Key Business Metrics Highlights

  • Active Diners were 5.03 million, a 47% increase from 3.42 million Active Diners in the fourth quarter of 2013.
  • Daily Average Grubs were 202,700, a 33% year-over-year increase from 152,900 Daily Average Grubs in the fourth quarter of 2013.
  • Gross Food Sales were $508 million, a 37% year-over-year increase from $370 million processed in the fourth quarter of 2013.

Full Year Financial Highlights

  • Revenues: $253.9 million, a 49% year-over-year increase from $170.1 million in 2013.
  • Non-GAAP Adjusted EBITDA: $78.7 million, a 98% year-over-year increase from $39.7 million in 2013.
  • Net Income: $24.3 million, a 458% year-over-year increase from $4.3 million in 2013.

Full Year Key Business Metrics Highlights

  • Active Diners were 5.03 million, a 47% increase from 3.42 million Active Diners in 2013.
  • Daily Average Grubs were 182,800, a 35% year-over-year increase from 135,500 Daily Average Grubs in 2013.
  • Gross Food Sales were $1.8 billion, a 39% year-over-year increase from $1.3 billion processed in 2013.

First Quarter and Full Year 2015 Guidance*

Based on information available as of February 5, 2015, the company is providing the following financial guidance for the first quarter and full year of 2015:

First Quarter 2015

Full Year 2015

(in millions)

Expected revenue range

$83 – $85

$335 – $350

Expected Adjusted EBITDA range

$24 – $26

$100 – $108

* Includes the impact of the DiningIn acquisition from date of completion, February 4th, 2015.  Excludes the acquisition of Restaurants on the Run, as the parties have executed a definitive agreement but have not closed the transaction.

Fourth Quarter 2014 Financial Results Conference Call: GrubHub will webcast a conference call today at 9 a.m. CT to discuss the fourth quarter 2014 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 February 19, 2015.

About GrubHub

GrubHub Inc. (NYSE: GRUB) is the nation’s leading online and mobile food ordering company dedicated to connecting hungry diners with local takeout restaurants. The company’s online and mobile ordering platforms allow diners to order directly from approximately 30,000 takeout restaurants in more than 800 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams.

About DiningIn

DiningIn, one of the country’s largest restaurant delivery services, makes it easy for diners to enjoy food from their favorite restaurants. Founded in Boston in 1988, DiningIn services Boston, Chicago, Dallas, Minneapolis and Philadelphia. Providing delivery options for individual diners, group orders and corporate catering, DiningIn delivers the food diners crave. DiningIn partners with a wide range of restaurants – from local neighborhood favorites to national brands – to simplify food delivery and provide uncompromising quality.

About Restaurants on the Run

Founded in 1993, Restaurants on the Run is the West Coast’s largest restaurant food delivery service specializing in corporate catering and restaurant delivery. Restaurants on the Run delivers on time meals and a consistent customer experience for more than 1,700 restaurant locations across Los Angeles, San Francisco, Orange County, San Diego, Houston, Seattle, Las Vegas and Tulsa. Using smart delivery logistics, Restaurants on the Run is focused on perfecting the ordering and delivery experience.

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 completion of the acquisition of Restaurants on the Run, the expected benefits to GrubHub from the acquisition of DiningIn and the potential acquisition of Restaurants on the Run, and the expected financial performance of GrubHub following such acquisitions. 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 Prospectus filed on September 5, 2014 and our most recent Quarterly Report on Form 10-Q for the quarter ended September 30, 2014, 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 Annual Report on Form 10-K that will be filed for the year ended December 31, 2014, 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 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 merger and restructuring costs, income taxes, depreciation and amortization and stock-based compensation expense. We use Adjusted EBITDA as a key performance measure because we believe it facilitates 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.

See “Schedule of Non-GAAP Adjusted EBITDA Reconciliation – Pro Forma” below for a reconciliation of net income to Adjusted EBITDA.

Contacts:

   Anan Kashyap

Abby Hunt

   Corporate Finance & Investor Relations

Press

   ir@grubhub.com

press@grubhub.com

NON-GAAP PRO FORMA FINANCIAL INFORMATION

On August 8, 2013, GrubHub Inc. acquired all of the equity interests of each of Seamless North America, LLC, Seamless Holdings and GrubHub Holdings (the “Merger”). The following Unaudited Pro Forma Condensed Statement of Operations was derived from the unaudited historical statement of operations of Seamless Holdings (Acquirer) for the quarter and year ended December 31, 2013 and the unaudited historical statement of operations of GrubHub Holdings (Acquiree) for the quarter and year ended December 31, 2013, adjusted for income taxes at the Company’s historical effective tax rate.

Three Months Ended December 31,

Year Ended December 31,

ProForma Combined

ProForma Combined

2014

2013

2014

2013

(in thousands)

Revenues

$

73,313

$

49,024

$

253,873

$

170,086

Costs and expenses:

Sales and marketing

19,033

12,354

66,201

48,295

Operations and support

17,766

12,895

62,509

45,639

Technology (exclusive of amortization)

7,212

5,554

25,185

19,151

General and administrative

7,220

7,311

32,307

32,402

Depreciation and amortization

5,809

5,976

22,687

15,006

Total costs and expenses

57,040

44,090

208,889

160,493

Income before provision for income taxes

16,273

4,934

44,984

9,593

Provision for income taxes

5,508

2,698

20,721

5,246

Net income

$

10,765

$

2,236

$

24,263

$

4,347

Net income per share attributable to common stockholders:

Basic

$

0.13

$

0.04

$

0.33

$

0.06

Diluted

$

0.13

$

0.03

$

0.30

$

0.06

Weighted average shares used to compute net income per share attributable to common stockholders:

Basic

81,605

54,915

73,571

54,774

Diluted

84,311

76,751

81,698

75,634

KEY PRO FORMA OPERATING METRICS

Three Months Ended

 December 31,

Year Ended

December 31,

2014

2013

2014

2013

Pro Forma

Active Diners (000s)

5,029

3,421

5,029

3,421

Daily Average Grubs

202,700

152,900

182,800

135,500

Gross Food Sales (millions)

$

508.0

$

370.0

$

1,787.4

$

1,285.9

GRUBHUB INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share data)

December 31, 2014

December 31, 2013

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$

201,796

$

86,542

Short term investments

111,341

—

Accounts receivable, less allowances for doubtful accounts

36,127

29,304

Deferred taxes, current

564

3,688

Prepaid expenses

2,940

2,625

Total current assets

352,768

122,159

PROPERTY AND EQUIPMENT:

Property and equipment, net of depreciation and amortization

16,003

17,096

OTHER ASSETS:

Other assets

3,543

2,328

Goodwill

352,788

352,788

Acquired intangible assets, net of amortization

254,339

268,441

Total other assets

610,670

623,557

TOTAL ASSETS

$

979,441

$

762,812

LIABILITIES, REDEEMABLE COMMON STOCK AND

   STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES:

Restaurant food liability

$

91,575

$

78,245

Accounts payable

3,371

3,353

Accrued payroll

5,958

1,720

Taxes payable

1,660

1,768

Restructuring accrual

748

176

Other accruals

7,693

7,329

Total current liabilities

111,005

92,591

LONG TERM LIABILITIES:

Deferred taxes, non-current

91,983

90,495

Other accruals

5,931

3,936

Total long term liabilities

97,914

94,431

Commitments and Contingencies

Redeemable common stock, $0.0001 par value, no shares and 1,344,236 shares outstanding as of December 31, 2014 and December 31, 2013, respectively

—

18,415

STOCKHOLDERS’ EQUITY:

Series A Convertible Preferred Stock, $0.0001 par value

—

2

Common stock, $0.0001 par value

8

5

Accumulated other comprehensive income (loss)

(262)

132

Additional paid-in capital

689,953

500,356

Retained earnings

80,823

56,880

Total Stockholders’ Equity

$

770,522

$

557,375

TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ EQUITY

$

979,441

$

762,812

GRUBHUB INC.

STATEMENTS OF OPERATIONS

(in thousands, except per share data)

Three Months Ended

December 31,

Year Ended

December 31,

2014

2013

2014

2013

Revenues

$

73,313

$

49,024

$

253,873

$

137,143

Costs and expenses:

Sales and marketing

19,033

12,354

66,201

37,347

Operations and support

17,766

12,895

62,509

34,173

Technology (exclusive of amortization)

7,212

5,554

25,185

15,357

General and administrative

7,220

7,311

32,307

21,907

Depreciation and amortization

5,809

5,976

22,687

13,470

Total costs and expenses

57,040

44,090

208,889

122,254

Income before provision for income taxes

16,273

4,934

44,984

14,889

Provision for income taxes

5,508

3,320

20,721

8,142

Net income

$

10,765

$

1,614

$

24,263

$

6,747

Net income per share attributable to common stockholders:

Basic

$

0.13

$

0.03

$

0.33

$

0.14

Diluted

$

0.13

$

0.02

$

0.30

$

0.12

Weighted average shares used to compute net income per share attributable to common stockholders:

Basic

81,605

54,915

73,571

40,681

Diluted

84,311

76,751

81,698

56,645

GRUBHUB INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Year Ended December 31,

2014

2013

CASH FLOWS FROM OPERATING ACTIVITIES

Net income

$

24,263

$

6,747

Adjustments to reconcile net income to net cash from operating

   activities:

Depreciation

5,032

3,992

Provision for doubtful accounts

426

473

Loss on disposal of fixed assets

11

—

Deferred taxes

4,612

1,706

Intangible asset amortization

17,655

9,477

Tenant allowance amortization

(159)

(159)

Stock-based compensation

9,393

4,933

Deferred rent

(17)

(135)

Investment premium amortization

315

—

Change in assets and liabilities, net of the effects of business

   acquisitions:

Accounts receivable

(7,394)

(8,298)

Prepaid expenses and other assets

(1,669)

(2,388)

Restaurant food liability

13,414

26,549

Accounts payable

(259)

2,065

Accrued payroll

4,243

(1,707)

Other accruals

3,038

(2,192)

Due to related party

—

(244)

Net cash provided by operating activities

72,904

40,819

CASH FLOWS FROM INVESTING ACTIVITIES

Purchases of investments

(113,156)

—

Proceeds from maturity of investments

1,500

—

Capitalized website and development costs

(3,431)

(2,592)

Purchases of property and equipment

(3,653)

(4,429)

Cash acquired in merger of GrubHub Holdings Inc.

—

13,266

Net cash provided by (used in) investing activities

(118,740)

6,245

CASH FLOWS FROM FINANCING ACTIVITIES

Net proceeds from the issuance of common stock

142,541

—

Repurchases of common stock

(116)

(1,367)

Proceeds from exercise of stock options

8,322

1,418

Excess tax benefit related to stock-based compensation

12,975

—

Taxes paid related to net settlements of stock-based compensation awards

(2,070)

—

Preferred stock tax distributions

(320)

(1,893)

Net cash provided by (used in) financing activities

161,332

(1,842)

Net change in cash and cash equivalents

115,496

45,222

Effect of exchange rates on cash

(242)

159

Cash and cash equivalents at beginning of year

86,542

41,161

Cash and cash equivalents at end of the period

$

201,796

$

86,542

SUPPLEMENTAL DISCLOSURE OF NON CASH ITEMS

Fair value of common and preferred stock issued in acquisition of GrubHub Holdings Inc.

$

—

$

421,485

Cash paid for income taxes

1,326

7,706

NON-GAAP ADJUSTED EBITDA RECONCILATION – PRO FORMA

Three Months Ended

December 31,

Year Ended

December 31,

2014

2013

Pro Forma

2014

2013

Pro Forma

(in thousands)

Net income

$

10,765

$

2,236

$

24,263

$

4,347

Income taxes

5,508

2,698

20,721

5,246

Depreciation and amortization

5,809

5,976

22,687

15,006

EBITDA

22,082

10,910

67,671

24,599

Merger, acquisition and restructuring costs

477

175

1,639

9,306

Stock-based compensation

2,412

1,909

9,393

5,824

Adjusted EBITDA

$

24,971

$

12,994

$

78,703

$

39,729

GrubHub To Announce Fourth Quarter 2014 Financial Results On February 5, 2015

CHICAGO, Jan. 29, 2015 /PRNewswire/ — GrubHub Inc. (NYSE: GRUB), the leading online and mobile food-ordering company, today announced that it will host a conference call to discuss its fourth quarter financial results on Thursday, February 5th, 2015, 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 Inc. (NYSE: GRUB) is the nation’s leading online and mobile food ordering company dedicated to connecting hungry diners with local takeout restaurants. The company’s online and mobile ordering platforms allow diners to order directly from approximately 30,000 takeout restaurants in more than 800 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams.

Contacts:

Anan Kashyap
Corporate Finance & Investor Relations
ir@grubhub.com

Abby Hunt
Press
press@grubhub.com

GrubHub and Eat This, Not That! Partner to Share Takeout Ordering Advice for the New Year

GrubHub Reveals the Most Popular Health-Conscious Special Instructions, Plus the Top Cities Making Those Requests

CHICAGO, Jan. 6, 2015 /PRNewswire/ — The beginning of 2015 offers the opportunity to start the year fresh, and for many, this “fresh start” means improving health, diet and exercise habits. With this in mind, GrubHub, the nation’s leading online and mobile food-ordering service, has partnered with Eat This, Not That!, the foremost consumer resource for no-diet weight loss and healthy food choices, to identify the most impactful food swaps and special instructions for some of America’s most popular takeout menus.

To see how Americans alter their takeout orders to help fulfill New Year’s resolutions, GrubHub analyzed a year’s worth of order data and uncovered the special requests and instructions that are more popular during the first two weeks of January, when New Year’s resolutions are in full swing.

Health-Conscious Special Instructions More Commonly Ordered to Start the New Year*

  1. No Bread/Bun: 15 percent more commonly ordered
  2. Dressing on the Side: 14 percent more commonly ordered
  3. Easy Rice: 14 percent more commonly ordered
  4. Easy on the Cheese or No Cheese: Seven percent more commonly ordered
  5. Substitute Brown Rice: Four percent more commonly ordered

In addition to identifying the special requests that see the biggest jump in popularity, GrubHub analysts identified the cities, coast-to-coast, that are most likely to make health-conscious customizations at the start of the New Year.

Top 10 Cities Making Healthy Eating Resolutions to Start the New Year*

  1. Tempe, Ariz. – Healthful special requests jumped 46 percent
  2. Champaign, Ill. – Healthful special requests jumped 36 percent
  3. Denver – Healthful special requests jumped 25 percent
  4. Houston – Healthful special requests jumped 24 percent
  5. Columbus, Ohio – Healthful special requests jumped 24 percent
  6. Ridgewood, N.Y. – Healthful special requests jumped 20 percent
  7. Rochester, N.Y. – Healthful special requests jumped 16 percent
  8. D.C. – Healthful special requests jumped 15 percent
  9. New York City – Healthful special requests jumped 13 percent
  10. Oakland, Calif. – Healthful special requests jumped 12 percent

According to the University of Scranton’s Journal of Clinical Psychology, “losing weight” is at the top of New Year’s resolutions lists, but only eight percent of Americans are successful in achieving that resolution. In an effort to help diners make more impactful “healthy” choices in 2015, GrubHub enlisted the help of the diet and nutrition experts at Eat This, Not That! to come up with the best health-conscious special requests for takeout.

Top Swaps for Making Favorite Takeout Foods Healthier

1. Pizza – Slice of Cheese Pizza

  • EAT THIS: Order thin crust instead of regular crust.
  • SAVE: 60 calories and 13 grams of carbohydrates for every slice!
  • Overlooked Healthy Option When Ordering Pizza: Ham is one of the best pizza toppings on the menu. It’s lean and loaded with protein.

2. Chinese – Lo Mein

  • EAT THIS: Order Vegetable Lo Mein instead of Chicken Lo Mein.
  • SAVE: 325 calories, 7.6 grams of fat (1.5 grams saturated), and 257 milligrams sodium. (And utilize GrubHub’s special instruction box to request extra veggies!).
  • Overlooked Healthy Option When Ordering Chinese: Kung Pao Chicken. Made with roasted peanuts, dried chilies, and a slew of other vegetables, Kung Pao Chicken can be one of the best entrées on the Chinese menu because the chicken isn’t fried.

3. Japanese – Sushi Rolls

  • EAT THIS: Order a plain tuna roll with a side of chili sauce or sriracha instead of a spicy tuna roll.
  • SAVE: At least 150 calories, 13 grams of fat and 245 milligrams of sodium per roll. The “spicy” in Spicy Tuna Rolls comes from a dab of mayo mixed with Asian chili sauce.
  • Overlooked Healthy Option When Ordering Sushi: Mackerel. Often overlooked for more popular fish like salmon and tuna, mackerel has twice the amount of heart-healthy, inflammation-reducing, cancer-fighting omega-3 fatty acids, making it one of the healthiest fish in the sea.

4.  Mexican – Tacos

  • EAT THIS: Order tacos with soft corn tortillas instead of hard shell tacos.
  • SAVE: 8 grams of fat and 3 grams of saturated fat in just one, three-taco serving.
  • Overlooked Healthy Option When Ordering Mexican: Pozole is a delicious broth-based soup built around hominy – a fiber-loaded member of the maize family. It’s packed with chili peppers, which impart antioxidant capsaicins, and pork, which adds high-quality protein.

5. Indian – Chicken Tikka Masala

  • EAT THIS: Order your Chicken Tikka Masala with all white meat instead of dark meat.
  • SAVE: 50 calories or more per serving. Every calorie makes an impact in a recipe that’s comprised of fat-rich ingredients like ghee, whole milk yogurt and heavy cream.
  • Overlooked Healthy Option When Ordering Indian: Tandoori. Made in a clay oven that cooks small, tender slabs of protein, tandoori menu items like kebabs and chicken are some of the leanest items on Indian menus.

“Eat This, Not That! has impacted millions of people’s lives by showing them the weight-loss power of simple swaps,” says David Zinczenko, bestselling author of the Eat This, Not That! series and Chairman and CEO of Galvanized. “And with GrubHub’s Special Instructions box, making these healthy swaps and substitutions has never been easier.”

To find takeout restaurants available in your area, please visit GrubHub.com, and for more information on GrubHub Inc., please visit http://media.grubhub.com.

About GrubHub
GrubHub Inc. (NYSE: GRUB) is the nation’s leading online and mobile food ordering company dedicated to connecting hungry diners with local takeout restaurants. The company’s online and mobile ordering platforms allow diners to order directly from approximately 30,000 takeout restaurants in more than 800 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams.

About Eat This, Not That
With each book a best-seller, the Eat This, Not That! series has changed the way America eats. By alerting Americans to the shocking and often hidden nutritional facts about our food over the course of 17 books, more than 100 television segments, and the new Eat This, Not That! magazine, author David Zinczenko and coauthor Matt Goulding have inspired local and national consumer-protection laws and forced the restaurant industry to change their ways. In the words of Ellen DeGeneres, “Eat This, Not That! will freak the weight right off of you!”

*Based on orders made in the first two weeks of January 2014 (1/1/2014 – 1/14/2014) versus the last two weeks in December 2013 (12/18/2013 -12/31/2013).

GrubHub Year In Review Reveals 2014 Takeout Trends

New Findings from GrubHub show the Cupcake craze is officially over, with Skillet Cookies and Brussels Sprouts reigning supreme in 2014

CHICAGO, Dec. 8, 2014 /PRNewswire/ — From doughsants to ramen burgers and waffle tacos, 2014 was a big year for food fads. And with a new year around the corner, GrubHub analysts set out to identify which food trends left the biggest mark on takeout in 2014.  According to year-over-year order data*, sharable dishes – including Skillet Cookies, Poutine, Jumbo Pretzels and Brussels Sprouts – saw some of the biggest order spikes in 2014, while Cupcakes, Turkey Burgers and Curry dishes declined in popularity.

To uncover top trends in 2014 takeout dining, analysts examined two years’ worth of GrubHub order data from its network of 30,000 restaurants in more than 800 U.S. cities. Findings identify both the dishes with the largest increase in GrubHub orders over the last year, as well as the takeout foods declining in popularity.

2014 GrubHub Takeout Trends

2014 GrubHub Takeout On the Decline

1.       Skillet Chocolate Chip Cookie: +323%

1.       Chocolate Cupcake: -67%

2.       Whiting Fish: +199%

2.       Cheesy Garlic Bread: -67%

3.       Poutine: +189%

3.       Potato Leek Soup: -62%

4.       Jumbo Soft Pretzels: +186%

4.       Fried Chicken Leg: -61%

5.       Brussels Sprouts: +185%

5.       Cucumber Yogurt: -60%

6.       Classic Sirloin: +180%

6.       Turkey Burger: -60%

7.       Bacon Ranch Quesadillas: +168%

7.       Curried Chicken: -59%

8.       Shoyu Ramen: +167%

8.       Kadayif: -57%%

9.       Cornbread: +160%

9.       Ham and Cheese Sandwich: -57%

10.     Karaage Chicken: +154%

10.     Veggie Curry: -56%

2014 Prediction Scorecard

At the end of 2013, the National Restaurant Association surveyed professional chefs to find out which cuisines and culinary themes would make waves in 2014. The analysts at GrubHub compared order data with some of these predictions to determine which trends took hold in the takeout industry this past year.

Correct Trend Predictions

Trend Predictions that Missed

·         Hybrid Desserts: +148%

·         “Locally Sourced” Takeout: -10%

·         Pickled Items: +106%

·         Healthy Seeds: -7%

·         New Cuts of Meat (Tri-Tip): +26%

·         Artisan Cheeses: -4%

·         Bite Size (“mini”) Desserts: +21%

·         Korean Food: -3%

·         Greek Yogurt: +21%

·         Ethnic Dips: -2%

“As we reflect on the year, it’s important to take a look at what 2014 meant for our millions of diners,” said Jonathan Zabusky, president of GrubHub Inc. “Tracking food trends based on our order data helps highlight the impact independent, mom and pop restaurants have on the tastes and preferences of American diners.”

To find takeout restaurants available in your area, please visit GrubHub.com, and for more information on GrubHub Inc., please visit http://media.grubhub.com.

About GrubHub

GrubHub Inc. (NYSE: GRUB) is the nation’s leading online and mobile food ordering company dedicated to connecting hungry diners with local takeout restaurants. The company’s online and mobile ordering platforms allow diners to order directly from approximately 30,000 takeout restaurants in more than 800 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams.

Based on order data from 1/1/13-12/31/13 compared to 1/1/14-11/11/14.

GrubHub Reports Third Quarter Results

Record revenues of $61.9 million, year-over-year growth of 51%Chicago, IL – October 23, 2014 – GrubHub Inc. (NYSE: GRUB), the leading online and mobile food-ordering company, today announced financial results for the quarter ended September 30, 2014.

“GrubHub delivered strong third quarter results featuring record revenues and adjusted EBITDA driven by growth in all of our key business metrics,” said Matt Maloney, CEO. “Due to the strength of our brand and effectiveness of our new brand campaign, growth in active diners remained strong even as we reduced overall advertising spend sequentially in the seasonally slow third quarter.”

Third Quarter 2014 Results

The following results reflect the financial performance and key operating metrics of our business for the three months ended September 30, 2014, compared to the non-GAAP pro forma combined results of Seamless Holdings and GrubHub Holdings for the three months ended September 30, 2013, giving effect to the August 2013 merger of the two companies.

Financial Highlights

  • Revenues: $61.9 million, a 51% year-over-year increase from $41.0 million in the third quarter of 2013.
  • Non-GAAP Adjusted EBITDA: $20.4 million, a 99% year-over-year increase from $10.3 million in the third quarter of 2013.
  • Net Income: $6.5 million, a 442% year-over-year increase from $1.2 million in the third quarter of 2013.
  • Our September 3rd 2014, Follow-On Offering included the sale of 1.25 million shares of our common stock at $40.25 per share, which generated $48.0 million in cash for the company (after fees and expenses).

Key Business Metrics Highlights

  • Active Diners were 4.57 million, a 50% increase from 3.05 million Active Diners in the third quarter of 2013.
  • Daily Average Grubs were 172,700, a 33% year-over-year increase from 129,800 Daily Average Grubs in the third quarter of 2013.
  • Gross Food Sales were $424 million, a 37% year-over-year increase from $309 million processed in the third quarter of 2013.

“Continued momentum from the roll-out of restaurant-driven pricing on the Seamless platform helped drive the sequential increase in both revenue and adjusted EBITDA despite the expected slowdown in activity in the third quarter,” noted Maloney. “We look forward to what should be a seasonally strong fourth quarter with increased activity and the ability to spend more on advertising efficiently.”

Third Quarter 2014 Guidance

Based on information available as of October 23, 2014, the company is providing the following financial guidance for the fourth quarter:

  • Revenue is expected to be in the range of $68.5 million to $70.5 million.
  • Adjusted EBITDA is expected to be in the range of $20 million to $22 million.

Third Quarter 2014 Financial Results Conference Call: GrubHub will webcast a conference call today at 9 a.m. CT to discuss the third quarter 2014 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 November 7, 2014.

About GrubHub

GrubHub Inc. (NYSE: GRUB) is the nation’s leading online and mobile food ordering company dedicated to connecting hungry diners with local takeout restaurants. The company’s online and mobile ordering platforms allow diners to order directly from approximately 30,000 takeout restaurants in more than 800 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams.

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. 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 Prospectus filed on September 5, 2014 and our most recent Quarterly Report on Form 10-Q for the quarter ended June 30, 2014, 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 September 30, 2014, 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 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 merger and restructuring costs, income taxes, depreciation and amortization and stock-based compensation expense. We use Adjusted EBITDA as a key performance measure because we believe it facilitates 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.

See “Schedule of Non-GAAP Adjusted EBITDA Reconciliation – Pro Forma” below for a reconciliation of net income to Adjusted EBITDA.

Anan Kashyap
Corporate Finance & Investor Relations
ir@grubhub.com

Abby Hunt
Press
press@grubhub.com

NON-GAAP PRO FORMA FINANCIAL INFORMATION

On August 8, 2013, GrubHub Inc. acquired all of the equity interests of each of Seamless North America, LLC, Seamless Holdings and GrubHub Holdings (the “Merger”). The following Unaudited Pro Forma Condensed Statement of Operations was derived from the unaudited historical statement of operations of Seamless Holdings (Acquirer) for the three months ended September 30, 2013 and the unaudited historical statement of operations of GrubHub Holdings (Acquiree) for the three months ended September 30, 2013, adjusted for income taxes at the Company’s historical effective tax rate.

Three Months Ended September 30,
  ProForma Combined
2014 2013
(in thousands)
Revenues $ 61,941 $ 41,035
Costs and expenses:
Sales and marketing 14,883 10,427
Operations and support 14,902 11,234
Technology (exclusive of amortization) 6,560 5,089
General and administrative 8,143 7,616
Depreciation and amortization 5,748 4,055
Total costs and expenses 50,236 38,421
Income before provision for income taxes 11,705 2,614
Provision for income taxes 5,252 1,423
Net income $ 6,453 $ 1,191
Net income (loss) per share attributable to common stockholders:
Basic $ 0.08 $ 0.01
Diluted $ 0.08 $ 0.01
Weighted average shares used to compute net income (loss) per share attributable to common stockholders:
Basic 79,426 54,809
Diluted 82,771 56,949

KEY PRO FORMA OPERATING METRICS

Three Months Ended
September 30,		 Nine Months Ended September 30,
2014   2013

Pro Forma

 2014   2013

Pro Forma
Active Diners (000s) 4,570 3,050 4,570 3,050
Daily Average Grubs 172,700 129,800 176,100 129,700
Gross Food Sales (millions) $ 423.8 $ 309.2 $ 1,279.4 $ 915.8

 

 

GRUBHUB INC.
CONDENSED CONSOLIDATED BALANCE SHEETS – UNAUDITED
(in thousands, except share data)
September 30, 2014 (Unaudited) December 31, 2013
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 212,020 $ 86,542
Short term investments 65,736 —
Accounts receivable, less allowances for doubtful accounts 42,690 29,304
Deferred taxes, current 3,844 3,688
Prepaid expenses 3,116 2,625
Total current assets 327,406 122,159
PROPERTY AND EQUIPMENT:
Property and equipment, net of depreciation and amortization 16,449 17,096
OTHER ASSETS:
Other assets 3,610 2,328
Goodwill 352,788 352,788
Acquired intangible assets, net of amortization 257,864 268,441
Total other assets 614,262 623,557
TOTAL ASSETS $ 958,117 $ 762,812
LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Restaurant food liability $ 91,719 $ 78,245
Accounts payable 2,005 3,353
Accrued payroll 4,283 1,720
Taxes payable 249 1,768
Restructuring accrual 674 176
Other accruals 8,799 7,329
Total current liabilities 107,729 92,591
LONG TERM LIABILITIES:
Deferred taxes, non-current 98,862 90,495
Other accruals 5,636 3,936
Total long term liabilities 104,498 94,431
Commitments and Contingencies
Redeemable common stock, $0.0001 par value, no shares and 1,344,236 shares outstanding as of September 30, 2014 and December 31, 2013, respectively — 18,415
STOCKHOLDERS’ EQUITY:
Series A Convertible Preferred Stock, $0.0001 par value — 2
Common stock, $0.0001 par value. 8 5
Accumulated other comprehensive income 18 132
Additional paid-in capital 675,806 500,356
Retained earnings 70,058 56,880
Total Stockholders’ Equity $ 745,890 $ 557,375
TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ EQUITY $ 958,117 $ 762,812

 

 

GRUBHUB INC.
CONDENSED STATEMENTS OF OPERATIONS – UNAUDITED
(in thousands, except per share data)
Three Months Ended September 30, Nine Months Ended September 30,
2014   2013 2014   2013
Revenues $ 61,941 $ 35,461 $ 180,560 $ 88,119
Costs and expenses:
Sales and marketing 14,883 8,829 47,168 24,993
Operations and support 14,902 9,303 44,743 21,278
Technology (exclusive of amortization) 6,560 4,459 17,973 9,803
General and administrative 8,143 5,884 25,087 14,596
Depreciation and amortization 5,748 3,821 16,878 7,494
Total costs and expenses 50,236 32,296 151,849 78,164
Income before provision for income taxes 11,705 3,165 28,711 9,955
Provision for income taxes 5,252 1,111 15,213 4,822
Net income $ 6,453 $ 2,054 $ 13,498 $ 5,133
Net income per share attributable to common stockholders:
Basic $ 0.08 $ 0.04 $ 0.19 $ 0.11
Diluted $ 0.08 $ 0.03 $ 0.17 $ 0.10
Weighted average shares used to compute net income per share attributable to common stockholders:
Basic 79,426 45,072 70,893 35,936
Diluted 82,771 63,114 80,826 49,942

 

 

GRUBHUB INC.
CONDENSED STATEMENTS OF CASH FLOWS – UNAUDITED
(in thousands)
Nine Months Ended September 30,
2014   2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income $ 13,498 $ 5,133
Adjustments to reconcile net income to net cash from operating activities:
Depreciation 3,708 2,123
Provision for doubtful accounts 232 178
Loss on disposal of fixed assets 11 —
Deferred taxes 8,211 (1,971 )
Intangible asset amortization 13,170 5,371
Tenant allowance amortization (119 ) (119 )
Stock based compensation 6,981 3,024
Deferred rent 16 (87 )
Change in assets and liabilities, net of the effects of business acquisitions:
Accounts receivable (13,618 ) (8,035 )
Prepaid expenses and other assets (1,773 ) (1,827 )
Accounts payable (1,348 ) 1,262
Restaurant food liability 13,474 19,184
Accrued payroll 2,563 1,148
Other accruals 2,252 (2,784 )
Net cash provided by operating activities 47,258 22,600
CASH FLOWS FROM INVESTING ACTIVITIES
Cash acquired in merger of GrubHub Holdings Inc. — 13,266
Capitalized website and development costs (2,396 ) (1,939 )
Purchases of property and equipment (3,189 ) (3,828 )
Purchases of investments (65,736 ) —
Net cash used in investing activities (71,321 ) 7,499
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from the issuance of common stock 142,936 —
Proceeds from exercise of stock options 4,656 565
Excess tax benefit related to stock-based compensation 4,569 —
Taxes paid related to net settlements of stock-based compensation awards (2,061 ) —
Repurchases of common stock (116 ) (1,259 )
Preferred stock tax distributions (320 ) (1,893 )
Net cash provided by (used in) financing activities 149,655 (2,690 )
Net change in cash and cash equivalents 125,592 27,409
Effect of exchange rates on cash (114 ) 47
Cash and cash equivalents at beginning of year 86,542 41,161
Cash and cash equivalents at end of the period $ 212,020 $ 68,617
SUPPLEMENTAL DISCLOSURE OF NON CASH ITEMS
Fair value of common and preferred stock issued in
acquisition of GrubHub Holdings Inc		  $ —  $  421,485
Cash paid for income taxes 1,324 2,584


NON-GAAP ADJUSTED EBITDA RECONCILATION – PRO FORMA

 

Three Months Ended September 30, Nine Months Ended September 30,
2014 2013

Pro Forma

 2014   2013

Pro Forma
(in thousands)
Net income $ 6,453 $ 1,191 $ 13,498 $ 2,111
Income taxes 5,252 1,423 15,213 2,548
Depreciation and amortization 5,748 4,055 16,878 9,030
EBITDA 17,453 6,669 45,589 13,689
Merger and restructuring costs 670 1,701 1,162 9,131
Stock-based compensation 2,294 1,905 6,981 3,915
Adjusted EBITDA $ 20,417 $ 10,275 $ 53,732 $ 26,735

 

GrubHub To Announce Third Quarter 2014 Financial Results On October 23, 2014

CHICAGO, Oct. 16, 2014 /PRNewswire/ — GrubHub Inc. (NYSE: GRUB), the leading online and mobile food-ordering company, today announced that it will host a conference call to discuss its third quarter financial results on Thursday, October 23rd, 2014, 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 Inc. (NYSE: GRUB) is the nation’s leading online and mobile food ordering company dedicated to connecting hungry diners with local takeout restaurants. The company’s online and mobile ordering platforms allow diners to order directly from approximately 30,000 takeout restaurants in more than 800 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams.

Contacts:
Anan Kashyap
Corporate Finance & Investor Relations
ir@grubhub.com

Abby Hunt
Press
press@grubhub.com

He Orders, She Orders: GrubHub Data Challenges Gender Stereotypes

CHICAGO, Sept. 29, 2014 /PRNewswire/ — Differences in male and female brains have been identified from the earliest stages of human development. And new data from GrubHub Inc., the nation’s leading online and mobile food-ordering service, shows that gender differences in takeout orders arise at a behavioral level, including day, time, location and specific food categories.

An analysis of a year’s worth of pick-up and delivery orders from GrubHub’s network of more than 30,000 restaurants in 700 U.S. cities found that while men and women share the most frequently ordered menu items (such as pizza, fries, salad and soup), they differ in their ordering habits, including when and where they order.

  • Late-Night Orders: Men are nearly 55 percent more likely to order during late-night hours (10 p.m. – 2 a.m.) than women.
  • Office Orders: Women are nearly 30 percent more likely to order food to work than men.
  • Breakfast Orders: Women are 15 percent more likely to order during breakfast hours (8 – 11 a.m.) than men.
  • Pickup Orders: Men are 6 percent more likely to place pickup orders than women.
  • Weekend Orders: Women are nearly 7 percent more likely than men to order on a Friday, but men are nearly 6 percent more likely to place an order on a Sunday than women.

As for specific cuisines, men tend to favor American dishes (a cuisine that’s more than 15 percent more commonly ordered by men), while women are more likely to order Asian dishes (including Japanese fare, which is more than 21 percent more commonly ordered by women).

What’s more, an NPD Group Foodservice market research report finds that while a growing number of restaurants offer healthier menu items and are becoming increasingly transparent about calories and other nutritional information, consumers continue to crave traditional favorites.1 The GrubHub analysis reveals evidence of this is on the plates of men.

Menu Items More Likely Ordered by Men

  1. 2-Liter Soda – nearly 54 percent more commonly ordered by men
  2. Boneless Wings – nearly 54 percent more commonly ordered by men
  3. Chicken Parmesan – more than 53 percent more commonly ordered by men
  4. General Tso’s Chicken – more than 51 percent more commonly ordered by men
  5. Bacon Cheeseburger – more than 45 percent more commonly ordered by men

Menu Items More Likely Ordered by Women:

  1. Seaweed Salad – nearly 63 percent more commonly ordered by women
  2. Edamame – nearly 60 percent more commonly ordered by women
  3. Avocado Rolls – nearly 57 percent more commonly ordered by women
  4. House Salad – nearly 53 percent more commonly ordered by women
  5. Shrimp Tempura Roll – nearly 51 percent more commonly ordered by women

In addition to the foods more commonly ordered, GrubHub data shows that the sexes’ choices of in-vogue foods also differ. While food fads may not persist, clear preferences exist between men and women, which supports the notion that women are more likely than men to say that healthy food sections on restaurant menus matter.2

Food Fads More Popular with Men:

  1. Bacon – nearly 35 percent more commonly ordered by men
  2. Poutine – nearly 30 percent more commonly ordered by men
  3. Sriracha – nearly 17 percent more commonly ordered by men
  4. Biscuit – more than 13 percent more commonly ordered by men
  5. Fried Chicken – more than 7 percent more commonly ordered by men

Food Fads More Popular with Women:

  1. Chia Seeds – nearly 74 percent more commonly ordered by women
  2. Pressed Juice – nearly 74 percent more commonly ordered by women
  3. Cupcakes – more than 73 percent more commonly ordered by women
  4. Frozen Yogurt – more than 65 percent more commonly ordered by women
  5. Beets – nearly 63 percent more commonly ordered by women

“Our gender analysis helps us better understand the inclinations and motivations of men and women, as well as how those inclinations factor into takeout ordering decisions,” said GrubHub President Jonathan Zabusky . “GrubHub data, including customer order profiles and preferences, can help our restaurant partners make best use of their menus and direct diners to the foods they are most likely to enjoy.”

For additional data on ordering habits by gender, including typical male vs. female profiles, food preferences and top orders, among others, please visit: http://media.grubhub.com/media/White-Papers/.

To find takeout restaurants available in your area, please visit GrubHub.com, and for more information on GrubHub Inc., please visit http://media.grubhub.com.

About GrubHub Inc.
GrubHub Inc. is the nation’s leading online and mobile food-ordering company dedicated to connecting hungry diners with local takeout restaurants. The GrubHub Inc. portfolio of brands includes GrubHub, Seamless, MenuPages and Allmenus. The Company’s online and mobile ordering platforms allow diners to order directly from more than 30,000 takeout restaurants in more than 700 U.S. cities and London, and every order is supported by the Company’s 24/7 customer service. GrubHub Inc. has offices in Chicago, New York City and London.

1 NPD Group. (2013). Consumers Make Healthy Choices at Restaurants by Cutting Out or Down, Reports NPD. [Press release]. Retrieved from https://www.npd.com/wps/portal/npd/us/news/press-releases/consumers-make-healthy-choices-at-restaurants-by-cutting-out-or-down-reports-npd/)

2 Mintel Group Ltd. (2014). Dining Out: The Restaurant Decision-Making Process – US, July 2014

Photo – http://photos.prnewswire.com/prnh/20140926/148701-INFO