News Type: Newsroom Archive

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

YP and GrubHub Join Forces to Bring Online and Mobile Ordering to Hungry YP Users

LOS ANGELES and CHICAGO, Sept. 24, 2014 /PRNewswire/ — YP, the go-to local search destination for more than 80 million* people across the U.S., today announced a new deal with GrubHub Inc.(NYSE: GRUB) – the nation’s leading online and mobile food ordering company, to offer online and mobile ordering as part of YP’s consumer experience.

Participating GrubHub restaurant listings will be integrated across YP’s flagship consumer brands, including YP.com and the top-rated YPSM app, allowing YP users to view menus and place orders directly on information pages for restaurants. For eligible GrubHub restaurants, this agreement provides increased exposure and awareness on one of the largest local search sites in the U.S.

“We’re excited to work with GrubHub to simplify the food ordering process for YP users,” said Darren Clark , CTO at YP. “People will no longer have to leave YP to place their food orders. Making it easier for people to get things done quickly and efficiently is our vision for local commerce – and this deal gets us one step closer to delivering on that strategy while also furthering our mission to help local communities succeed and grow.”

Users can now search for the perfect takeout restaurant and start placing orders at YP.com or via the YPSM app for Android (accessed directly from Google searches on mobile devices) and iOS. YP ranks among the top 30 properties across desktop, mobile, and mobile apps in the U.S.**.

About YP
YP is a leading local marketing solutions provider in the US dedicated to helping local businesses and communities grow. YP’s flagship consumer brands include the popular YPSM app and YP.com, which are used by more than 80 million visitors each month in the U.S. (Internal Data, July 2014). YP solutions include websites, listings management, reputation monitoring, video ads, search engine optimization, search engine marketing, advertising on YP and the YP℠ Local Ad Network, online display and mobile advertising, and advertising in The Real Yellow Pages® directory. YP solutions and services are backed by thousands of media consultants and customer service professionals in local markets across the U.S. with relationships spanning more than half a million advertisers. For more information on YP, visit us at http://corporate.yp.com. Follow us on Facebook: http://www.facebook.com/YP and on Twitter: @YP.

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.

*YP Internal Data, Q2 2014, representing monthly visitors.
**comScore Media Metrix Multi-Platform (U.S.), Top 2000 Web Domains Report, July 2014

Photo – http://photos.prnewswire.com/prnh/20140923/148037

GrubHub Announces Pricing of Follow-on Offering of Common Stock

CHICAGO, Sept. 3, 2014 /PRNewswire/ — GrubHub Inc. (the “Company”) (NYSE: GRUB) announced today the pricing of its follow-on public offering of 10,468,198 shares of its common stock offered by the Company and certain of the Company’s stockholders (the “Selling Stockholders”) at a price to the public of $40.25 per share. In addition, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 1,570,229 shares of common stock. 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.

Citigroup, Morgan Stanley and BofA Merrill Lynch are acting as book-running managers for the offering.  Allen & Company LLC, BMO Capital Markets Corp., Canaccord Genuity Inc., JMP Securities LLC, Raymond James & Associates, Inc. and William Blair & Company, L.L.C. are acting as co-managers for the offering.

The offering is being made only by means of a prospectus. A copy of the final prospectus relating to these securities may be obtained, when available, from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 1-800-831-9146; Morgan Stanley at Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by telephone at 1-866-718-1649 and BofA Merrill Lynch at Attention: Prospectus Department, 222 Broadway, New York, NY 10038 or by e-mailing: dg.prospectus_requests@baml.com.

A registration statement relating to these securities has been filed with, and on September 3, 2014 was declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws of such state or jurisdiction.

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.

Contacts:
Investor Relations:
Anan Kashyap, GrubHub Inc.
Email: ir@grubhub.com

Media Relations:
Meghan Gage, GrubHub Inc.
Phone: 312-940-6401
Email: press@grubhub.com

GrubHub Announces Launch of Proposed Follow-on Offering of Common Stock

CHICAGO, Sept. 2, 2014 /PRNewswire/ — GrubHub Inc. (the “Company”) (NYSE: GRUB) announced today that it has commenced a follow-on public offering of its common stock. With this offering, the Company and certain of the Company’s stockholders (the “Selling Stockholders”) intend to offer 10,033,415 shares of common stock, and the Selling Stockholders have agreed to grant the underwriters the right to purchase up to 1,505,012 additional shares of common stock. 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.

Citigroup, Morgan Stanley and BofA Merrill Lynch will act as book-running managers for the proposed offering. Allen & Company LLC, BMO Capital Markets Corp., Canaccord Genuity Inc., JMP Securities LLC, Raymond James & Associates, Inc. and William Blair & Company, L.L.C. will act as co-managers for the proposed offering.

The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to these securities may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 1-800-831-9146; Morgan Stanley at Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by telephone at 1-866-718-1649 and BofA Merrill Lynch at Attention: Prospectus Department, 222 Broadway, New York, NY 10038 or by e-mailing: dg.prospectus_requests@baml.com.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws of such state or jurisdiction.

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.

Contacts:
Investor Relations:
Anan Kashyap, GrubHub Inc.
Email: ir@grubhub.com

Media Relations:
Meghan Gage, GrubHub Inc.
Phone: 312-940-6401
Email: press@grubhub.com

GrubHub Files Registration Statement for Proposed Follow-On Offering of Common Stock

CHICAGO, Aug. 25, 2014 /PRNewswire/ — GrubHub Inc. (the “Company”) (NYSE: GRUB) announced today that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed follow-on public offering of its common stock.  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.

Citigroup, Morgan Stanley and BofA Merrill Lynch will act as book-running managers for the proposed offering.  Allen & Company LLC, BMO Capital Markets Corp., Canaccord Genuity Inc., Raymond James & Associates, Inc. and William Blair & Company, L.L.C. will act as co-managers for the proposed offering.

The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to these securities may be obtained when available from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 1-800-831-9146; Morgan Stanley at Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by telephone at 1-866-718-1649 and BofA Merrill Lynch at Attention: Prospectus Department, 222 Broadway, New York, NY 10038 or by e-mailing: dg.prospectus_requests@baml.com.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws of such state or jurisdiction.

The underwriters for the Company’s April 2014 initial public offering have agreed to waive the lock-up restrictions to permit the Company and the selling stockholders to file this proposed registration on Form S-1 and to permit the Company to offer and sell shares.  The lock-up restrictions will also be waived as to the selling stockholders immediately prior to the execution of the underwriting agreement to enable them to offer and sell shares in this proposed offering.

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.

Contacts:
Investor Relations:
Anan Kashyap, GrubHub Inc.
Email: ir@grubhub.com

Media Relations:
Meghan Gage, GrubHub Inc.
Phone: 312-940-6401
Email: press@grubhub.com

GrubHub and Spoon University Analysis Highlights Differences in College Eating Habits

Student Food Preferences Deviate from the Norm, From Ordering Times to Caffeine Consumption

CHICAGO, Aug. 19, 2014 /PRNewswire/ — With class back in session for students across the country, GrubHub Inc., the nation’s leading online and mobile food-ordering service, teamed up with Spoon University, an online food publication and community for college students, to unwrap collegiate takeout habits. Together, they confirmed that drastic differences in eating habits exist between college students and the general population, especially when it comes to caffeine and ordering hours.

For a comprehensive understanding of student diners, GrubHub analysts examined orders placed by students from hundreds of college campuses during the 2013-2014 school year. While some of the data confirms that traditional takeout foods like pizza, wings and salads are popular across the board, other findings highlight the differences between student diners and average GrubHub diners. The analysis shows that college diners:

  • Caffeinate creatively: Energy drinks are 83 percent more commonly ordered by college diners, while coffee is 15 percent less commonly ordered.
  • Start the day later: Early-morning orders (between 6 a.m. and 9 a.m.) are 66 percent less common for college diners.
  • Keep it cool: Spicy orders are 26 percent less common among college students than non-college diners.
  • Embrace being omnivores: Vegetarian and vegan orders are 25 percent less common among college diners.
  • Ask for the works: Even as restaurants look to add healthier options to their menus, healthy substitutions and special requests are still 23 percent less common for college diners.
  • Skip the sweets: Dessert orders are 18 percent less common among college diners.
  • Burn the midnight oil: Late-night orders (placed between 10 p.m. and 2 a.m.) are 100 percent more common among college diners.

“The habits displayed by college diners, and the takeout restaurants that cater to this population, help illustrate the inherent differences between college culture and the rest of the nation,” said GrubHub Inc. president, Jonathan Zabusky. “It’s great to see that students take advantage of GrubHub’s convenience and flexibility to help fuel college life.”

Takeout Preferences of College Students
In addition to identifying key trends in college takeout, GrubHub’s analysis shows that certain foods are ordered by college students more than the typical GrubHub diner, with traditional takeout favorites like Italian and Chinese ranking highest.

  • Calzone – 150 percent more commonly ordered
  • Chicken with Broccoli – 114 percent more commonly ordered
  • General Tso’s Chicken – 92 percent more commonly ordered
  • Sesame Chicken – 88 percent more commonly ordered
  • Dumplings – 62 percent more commonly ordered
  • Wings – 56 percent more commonly ordered
  • Chicken Parmesan – 36 percent more commonly ordered
  • Sweet and Sour Chicken – 34 percent more commonly ordered
  • Wonton Soup – 19 percent more commonly ordered
  • Fries – 19 percent more commonly ordered

“With school and social calendars booked around-the-clock, college students often find themselves without the time or ingredients (not to mention a kitchen) to prepare food for themselves – so ordering takeout is a huge part of their lifestyles,” said Spoon University co-founder, Mackenzie Barth. “It’s no surprise that students order comfort foods at home and in the dorms, but as they learn more about the options available for takeout, we expect to see them making healthier and more adventurous choices when ordering from GrubHub.”

Leading the Pack in Campus Order Habits
In addition to profiling the college diner, GrubHub and Spoon University have delved into the unique takeout habits of campuses across the country. To see how your favorite college stacks up, check out GrubHub and Spoon University’s college rankings, here.

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

About GrubHub Inc.
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 700 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams.

About Spoon University
Spoon University is a food media company with a focus on college students, building communities on college campuses nationwide. Spoon has chapters at 40 universities with over 1,000 students contributing to local editorial and marketing teams. Spoon’s mission is to help students eat intelligently while empowering them to build, lead, maintain and market their own online publications.

SOURCE GrubHub Inc.

Allie Mack, 773-250-0618, amack@grubhub.com

GrubHub Reports Second Quarter Results

Record revenues of $60.0 million, growth of 48%

Chicago, IL – July 24, 2014 – GrubHub Inc. (NYSE: GRUB), the leading online and mobile food-ordering company, today announced financial results for the quarter ended June 30, 2014.

“GrubHub continued to execute against the large opportunity in takeout in the second quarter, driving significant year over year growth in revenues, adjusted EBITDA, and all of our key metrics,” said Matt Maloney, CEO. “We generated record revenues in the second quarter despite both an expected seasonal slowdown and an unusually cold winter that drove record orders in the first quarter.”

Second Quarter 2014 Results

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

Financial Highlights

  • Revenues: $60.0 million, a 48% year-over-year increase from $40.7 million in the second quarter of 2013.
  • Non-GAAP Adjusted EBITDA: $16.9 million, a 56% year-over-year increase from $10.8 million in the second quarter of 2013.
  • Net Income: $2.7 million, a 930% year-over-year increase from $0.3 million in the second quarter of 2013.

Key Business Metrics Highlights

  • Active Diners grew 51% to 4.19 million, compared to 2.78 million active diners in the second quarter of 2013.
  • GrubHub Inc. processed 174,500 Daily Average Grubs, a 34% year-over-year increase from 130,100 Daily Average Grubs in the second quarter of 2013.
  • GrubHub Inc. processed $423 million in gross food sales, a 38% year-over-year increase from $307 million processed in the second quarter of 2013.

“We’re pleased with the initial roll-out of restaurant-driven pricing to the Seamless brand in April, which had a positive impact on overall commission rates during the quarter,” noted Maloney. “In addition, by maintaining our seasonally higher first quarter advertising spending in the second quarter, we continued to add new diners at a healthy rate, particularly in areas outside of our largest markets.”

Third Quarter 2014 Guidance

Based on information available as of July 24, 2014, the company is providing the following financial guidance for the third quarter:

  • Revenue is expected to be in the range of $55.5 million to $57.5 million.
  • Adjusted EBITDA is expected to be in the range of $13 million to $15 million.

Second Quarter 2014 Financial Results Conference Call: GrubHub will webcast a conference call today at 9 a.m. CT to discuss the second 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 August 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 700 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 Private Securities Litigation Reform Act of 1995. The outcome of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. If any of these risks or uncertainties materialize or if any of the assumptions prove incorrect, our actual results, performance or achievements could be materially different 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 the company’s Prospectus filed on April 7th, 2014 and additional information that will be set forth in our Form 10-Q that will be filed for the quarter ended June 30, 2014, which should be read in conjunction with these financial results. These documents are available on the SEC Filings section of the Investor Relations section of our website at http://investors.grubhub.com/. 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 update these forward-looking statements publicly, 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 June 30, 2013 and the unaudited historical statement of operations of GrubHub Holdings (Acquiree) for the three months ended June 30, 2013, adjusted for income taxes at the Company’s historical effective tax rate.

Three Months Ended June 30,
  ProForma Combined
2014 2013
(in thousands)
Revenues $ 60,006 $ 40,650
Costs and expenses:
Sales and marketing 16,168 10,568
Operations and support 14,734 10,823
Technology (exclusive of amortization) 6,066 4,201
General and administrative 8,620 11,916
Depreciation and amortization 5,615 2,561
Total costs and expenses 51,203 40,069
Income before provision for income taxes 8,803 581
Provision for income taxes 6,111 320
Net income $ 2,692 $ 261
Net income (loss) per share attributable to common stockholders:
Basic $ 0.03 $ (0.01 )
Diluted $ 0.03 $ 0.00
Weighted average shares used to compute net income (loss) per share attributable to common stockholders:
Basic 78,042 54,692
Diluted 82,074 74,983

KEY PRO FORMA OPERATING METRICS

Three Months Ended June 30,
2014   2013

Pro Forma
Active Diners (000s) 4,190 2,780
Daily Average Grubs 174,500 130,100
Gross Food Sales (millions) $ 422.6 $ 306.7

 

 

GRUBHUB INC.
CONDENSED CONSOLIDATED BALANCE SHEETS – UNAUDITED
(in thousands, except share data)
June 30, 2014
(Unaudited) December 31, 2013
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 207,096 $ 86,542
Accounts receivable, less allowances for doubtful accounts 37,863 29,304
Deferred taxes, current 3,688 3,688
Prepaid expenses 2,505 2,625
Total current assets 251,152 122,159
PROPERTY AND EQUIPMENT:
Property and equipment, net of depreciation and amortization 16,529 17,096
OTHER ASSETS:
Other assets 4,039 2,328
Goodwill 352,788 352,788
Acquired intangible assets, net of amortization 261,390 268,441
Total other assets 618,217 623,557
TOTAL ASSETS $ 885,898 $ 762,812
LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Restaurant food liability $ 84,486 $ 78,245
Accounts payable 2,390 3,353
Accrued payroll 3,441 1,720
Taxes payable 1,377 1,768
Restructuring accrual 478 176
Other accruals 9,850 7,329
Total current liabilities 102,022 92,591
LONG TERM LIABILITIES:
Deferred taxes, non-current 98,633 90,495
Other accruals 3,939 3,936
Total long term liabilities 102,572 94,431
Commitments and Contingencies
Redeemable common stock, $0.0001 par value, no shares and 1,344,236 shares outstanding as of June 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 316 132
Additional paid-in capital 617,375 500,356
Retained earnings 63,605 56,880
Total Stockholders’ Equity $ 681,304 $ 557,375
TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ EQUITY $ 885,898 $ 762,812

 

 

GRUBHUB INC.
CONDENSED STATEMENTS OF OPERATIONS – UNAUDITED
(in thousands, except per share data)
Three Months Ended June 30, Six Months Ended

June 30,
2014   2013 2014   2013
Revenues $ 60,006 $ 26,857 $ 118,619 $ 52,658
Costs and expenses:
Sales and marketing 16,168 6,064 32,285 16,164
Operations and support 14,734 5,998 29,841 11,975
Technology (exclusive of amortization) 6,066 2,697 11,413 5,344
General and administrative 8,620 5,809 16,944 8,712
Depreciation and amortization 5,615 1,877 11,130 3,673
Total costs and expenses 51,203 22,445 101,613 45,868
Income before provision for income taxes 8,803 4,412 17,006 6,790
Provision for income taxes 6,111 2,589 9,961 3,711
Net income $ 2,692 $ 1,823 $ 7,045 $ 3,079
Net income per share attributable to common stockholders:
Basic $ 0.03 $ 0.04 $ 0.10 $ 0.08
Diluted $ 0.03 $ 0.04 $ 0.09 $ 0.07
Weighted average shares used to compute net income per share attributable to common stockholders:
Basic 78,042 31,373 66,626 31,368
Diluted 82,074 43,566 79,854 43,356

 

GRUBHUB INC.
CONDENSED STATEMENTS OF CASH FLOWS – UNAUDITED
(in thousands)
Six Months Ended June 30,
2014   2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income $ 7,045 $ 3,079
Adjustments to reconcile net income to net cash from operating activities:
Depreciation 2,390 1,278
Provision for doubtful accounts 166 86
Deferred taxes 8,138 (151 )
Intangible asset amortization 8,740 2,395
Tenant allowance amortization (79 ) (79 )
Stock based compensation 4,687 1,238
Deferred rent 76 (64 )
Change in assets and liabilities, net of the effects of business acquisitions:
Accounts receivable (8,725 ) (7,081 )
Prepaid expenses and other assets (1,592 ) 452
Accounts payable (962 ) 1,510
Restaurant food liability 6,241 11,184
Accrued payroll 1,721 1,192
Other accruals 2,439 4,376
Net cash provided by operating activities 30,285 19,415
CASH FLOWS FROM INVESTING ACTIVITIES
Capitalized website and development costs (1,112 ) (1,434 )
Purchases of property and equipment (2,378 ) (3,170 )
Net cash used in investing activities (3,490 ) (4,604 )
CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from the issuance of common stock 94,927 —
Proceeds from exercise of stock options 1,145 104
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 ) (651 )
Net cash provided by (used in) financing activities 93,575 (1,806 )
Net change in cash and cash equivalents 120,370 13,005
Effect of exchange rates on cash 184 (225 )
Cash and cash equivalents at beginning of year 86,542 41,161
Cash and cash equivalents at end of the period $ 207,096 $ 53,941
SUPPLEMENTAL DISCLOSURE OF NON CASH ITEMS
Cash paid for income taxes $ 1,321 $ 2,243


NON-GAAP ADJUSTED EBITDA RECONCILATION – PRO FORMA

 

Three Months Ended

June 30,

 Six Months Ended

June 30,
2014 2013

Pro Forma

 2014   2013

Pro Forma
(in thousands)
Net income $ 2,692 $ 261 $ 7,045 $ 920
Income taxes 6,111 320 9,961 1,125
Depreciation and amortization 5,615 2,561 11,130 4,975
EBITDA 14,418 3,142 28,136 7,020
Merger and restructuring costs 207 6,669 492 7,430
Stock-based compensation 2,284 1,022 4,687 2,010
Adjusted EBITDA $ 16,909 $ 10,833 $ 33,315 $ 16,460

Redefining Room Service: GrubHub Analysis Finds Takeout Orders to Hotels Jumped 125% in Popularity in Last Three Years

As some hotels forgo in-room dining offerings, travelers look to other food options

CHICAGO, July 22, 2014 /PRNewswire/ — For many Americans, hotel room service is considered a travel luxury; however, data from PFK Hospitality Research1 suggests that room service revenues fell 9.5 percent from 2007 to 2012, with some hotels shuttering unprofitable operations altogether. As hoteliers start to rethink their room service offerings, data from GrubHub Inc., the nation’s leading online and mobile food-ordering service, shows that takeout orders to hotels are growing increasingly popular.

GrubHub analysts examined a year’s worth of orders delivered to more than 8,000 hotels across the country to uncover takeout’s role in the current travel experience. GrubHub’s data suggest that hotel takeout orders have jumped in popularity 125 percent in the last three years2.

Hotel Takeout Ordering Habits
With a network of approximately 29,000 restaurants in more than 700 U.S. cities, GrubHub analysts were able to gain an accurate snapshot of the takeout habits of traveling Americans, including:

  • On average, hotel diners spend about 11 percent more per order than non-hotel diners.
  • Men are about 54 percent more likely than women to order meals to hotels.
  • Hotel takeout orders peak early in the work week, with fewer orders from Friday through Sunday.
  • Dinner and late night are the most popular meal times for travelers. Nearly three-fourths (72 percent) of hotel orders are placed during dinner and late-night hours.

Travelers to Mid-sized Cities Enjoy Takeout to Hotels
In addition to tracking hotel order trends, GrubHub’s analysis found that mid-sized cities such as Minneapolis, Kansas City, Mo., and Orlando have the highest share of orders delivered to hotels. The 10 leading hotel takeout order destinations, with the highest percentage of total orders coming from hotels, are:

  1. Minneapolis
  2. Kansas City
  3. Orlando, Fla.
  4. Virginia Beach, Va.
  5. Raleigh, N.C.
  6. Cleveland
  7. Portland, Ore.
  8. Jacksonville, Fla.
  9. San Jose, Calif.
  10. Miami

“Whether travelers are looking for more diverse, more affordable, or more accessible food options, it’s clear that takeout is becoming the natural alternative to traditional room service,” said GrubHub President Jonathan Zabusky .

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. (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 more than 29,000 takeout restaurants in more than 700 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams.

1 PKF Hospitality Research LLC , Trends® in the Hotel Industry http://www.pkfc.com/store/products.aspx?CategoryID=175
2 Jump in popularity calculated as the change in share of total orders from 1/1/2011 – 7/2/2014.

SOURCE GrubHub Inc.

Allie Mack, 1-773-250-0618, amack@grubhub.com

GrubHub To Announce Second Quarter 2014 Financial Results On July 24, 2014

CHICAGO, July 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 second quarter financial results on Thursday, July 24th, 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 700 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

School’s Out: GrubHub Data Reveals the Most Popular Kids’ Menu Items

Children’s Takeout Orders Up 40% Each Year Since 2012; Most Common in Texas

CHICAGO, June 16, 2014 /PRNewswire/ — School’s out for the summer and the analysts at GrubHub, the nation’s leading online and mobile food-ordering company, were curious to learn what parents across the country are ordering to keep kids happy and full throughout the day. An analysis of orders placed across GrubHub’s restaurant network finds that kids’ menu orders have shown consistent growth of 40 percent each year since 2012, with 17 percent of takeout restaurants now offering a kids’ menu section.

The Most-Ordered Kids’ Dishes – and Those Trending Fast

With kids’ menu orders consistently growing in both number and frequency, data shows that traditional childhood favorites, including chicken tenders, burgers, pizza and grilled cheese sandwiches, remain the most commonly ordered kids’ menu choices. However, the analysis also found that the items with the highest order growth in 2014 include French toast, at No. 1, and pancakes at No. 4, indicating more interest in breakfast foods among kids and parents.

     Most Popular Kids’ Menu Items*

    2014 Trending Kids’ Menu Items**

1.      Chicken Tenders – 19%

2.      Burgers – 9%

3.      Pizza – 7%

4.      Grilled Cheese – 7%

5.      Chicken Nuggets – 5%

6.      French Fries – 5%

7.      Spaghetti – 5%

8.      Macaroni & Cheese – 4%

9.      Quesadilla – 4%

10.    Hot Dog – 3%

1.      French Toast – 87%

2.      Milk – 55%

3.      Corn Dog – 46%

4.      Pancakes – 31%

5.      Chicken Parmesan – 22%

6.      Spaghetti – 20%

7.      Chicken Wings – 13%

8.      Pizza – 10%

9.      Macaroni & Cheese – 10%

10.    Hot Dog – 10%

*Based on orders placed 5-13-2013 thru 5-12-2014.

**Percentage increase calculated by comparing year-over-year order volume percentage.

Conversely, data shows that several food items are “out” with kids this year. Peanut butter and jelly sandwich orders have plunged 60 percent in popularity compared to last year. Ham and cheese sandwich orders have slid 27 percent, and turkey and cheese sandwich orders have dropped more than 16 percent compared to last year. Also declining were mozzarella sticks, shrimp and fish dishes.

“A combination of factors may explain the rise in kids’ meal takeout, including convenience, variety and time pressures,” said GrubHub Inc. President, Jonathan Zabusky. “Year-over-year data shows that restaurants are clearly catering more to busy parents by providing food options that appeal to children, regardless of the cuisine. As a parent myself, it’s nice to know that many of my favorite restaurants feature options that allow me to order a meal for the entire family.”

Where Do Parents Rely on Kids’ Takeout?   

As for the cities where kids’ meals are being ordered most, three Texas cities rank among the top five, including Dallas, Houston and Austin.

  1. Knoxville, Tenn.
  2. Dallas
  3. Houston
  4. Las Vegas
  5. Austin, Texas
  6. Raleigh, N.C.
  7. Nashville, Tenn.
  8. Orlando, Fla.
  9. Denver
  10. Greensboro, N.C.

Please check out GrubHub’s Fact Sheet for additional kids’ takeout insights. 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. (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 more than 29,000 takeout restaurants in more than 700 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams.