News Type: Press Releases

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.

GrubHub Data Reveals Hottest Health Food Fads in Takeout

Chia Seeds, Quinoa Biggest Food Fads; Boulder, Chicago and Los Angeles Earliest Adopters

CHICAGO, May 12, 2014  — A new health food trend pops up just about every month, and the analysts at GrubHub, the nation’s leading online and mobile food-ordering company, set out to track these crazes in the takeout space. GrubHub’s order analysis shows that chia seeds, quinoa and almond milk rank among 2014’s trendiest “health” foods, with these trendier orders most heavily concentrated in Boulder, Colo., Chicago and Los Angeles.

To uncover some of the fastest-growing health food fads at takeout restaurants across the country, GrubHub analysts examined a year’s worth of order data, focusing on foods and ingredients touted for their health benefits. Findings reveal that the following items registered the largest order spikes in the last year:

2014 Trending Health Foodsi

  • Chia seeds – 140%
  • Quinoa – 110%
  • Almond milk – 110%
  • Kale – 99%
  • “Raw” foods – 59%
  • Gluten-free – 52%
  • Pressed juice – 38%

GrubHub’s analysis also considered where these types of food trends are most geographically concentrated, with the following cities ranking highest for their percentage of trending health fad orders:

Health Fad Early Adopters

  1. Boulder, Colo.
  2. Chicago
  3. Los Angeles
  4. Seattle
  5. New York
  6. San Jose
  7. San Diego
  8. St. Louis
  9. Miami
  10. Austin

“GrubHub order data is an incredible indicator of new food trends,” said GrubHub Inc. president, Jonathan Zabusky , noting that GrubHub primarily works with independent restaurateurs who can test out trends and quickly add new menu items. “Menu flexibility like this is a luxury, and it puts our restaurants at the forefront of industry trend-setting,” he added.

Additional Health-Related Food Ordering Trends
Besides identifying food fads and where they’re most concentrated, GrubHub’s health trend analysis also uncovered additional insights about health food-ordering habits:

  • Gluten-free items, kale and pressed juices are the most popular health food orders, respectively.
  • Women are 44 percent more likely than men to order trendy health foods from takeout restaurants: Hemp seed (110% more common with women), chia seeds (66%), almond milk (63%), kale (61%) and quinoa (57%).
  • Trendy health food orders are 110 percent more commonly placed during breakfast than throughout the rest of the day.
  • College students are nearly 50 percent less likely to participate in these health food trends than the average diner.

Please check out GrubHub’s GIF, which shows the spread of kale orders – one of the year’s most popular food fads – from independent restaurants in Chicago, Los Angeles and New York. 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.

i Percentage increase calculated by comparing year over year order volume percentage

SOURCE GrubHub Inc.

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

GrubHub Reports First Quarter Results

Record revenues of $58.6 million, growth of 49%

CHICAGO, May 8, 2014 /PRNewswire/ — GrubHub Inc. (NYSE: GRUB), the leading online and mobile food-ordering company, today announced financial results for the quarter ended March 31, 2014.

“We are off to a strong start as a public company with record active diners, orders and revenues in the first quarter, continuing the robust growth momentum we had throughout 2013,” said Matt Maloney , GrubHub CEO. “We remain focused on making takeout better by continuing product innovation, driving more orders to independent restaurants and creating more transparency and control for diners.”

First Quarter 2014 Results

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

Financial Highlights

  • Revenues: $58.6 million, a 49% year-over-year increase from $39.4 million in the first quarter of 2013.
  • Non-GAAP Adjusted EBITDA: $16.4 million, a 192% year-over-year increase from $5.6 million in the first quarter of 2013.
  • Net Income: $4.4 million, a 561% year-over-year increase from $0.7 million in the first quarter of 2013.
  • Our April 4th, 2014, Initial Public Offering included the sale of 4 million shares of our common stock at $26 per share, which generated $95.5 million in cash for the company (after fees and expenses).

Key Business Metrics Highlights

  • Active Diners grew 49% to 3.85 million, compared to 2.58 million diners in the first quarter of 2013.
  • GrubHub Inc. processed 181,200 Daily Average Grubs, a 40% year-over-year increase from 129,100 Daily Average Grubs in the first quarter of 2013.
  • GrubHub Inc. processed $433 million in gross food sales, a 44% year-over-year increase from $300 million processed in the first quarter of 2013.

Second Quarter 2014 Guidance

Based on information available as of May 8th, 2014, the company is providing the following financial guidance:

  • Revenue is expected to be in the range of $53 million to $55 million.
  • Adjusted EBITDA is expected to be in the range of $13 million to $15 million.

“The market for GrubHub is substantial with Americans spending roughly $67 billion every year on takeout from independent restaurants. Less than five percent of those purchases are made online or through a mobile device,” noted Maloney. “We are pleased with the scale we have achieved, with $1.4 billion in gross food sales processed through our platforms in the last 12 months.  And, as the clear leader in this large market, we are even more excited about the sizeable opportunity in front of us.”

First Quarter 2014 Financial Results Conference Call: GrubHub will webcast a conference call today at 5 p.m. ET to discuss the first 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. Following the webcast, a replay of it will be available at the same website until May 22, 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 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.

Contacts:

Anan Kashyap

Corporate Finance & Investor Relations

ir@grubhub.com

Abby Hunt

Press

press@grubhub.com

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 March 31, 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.

 

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 March 31, 2013 and the unaudited historical statement of operations of GrubHub Holdings (Acquiree) for the three months ended March 31, 2013, adjusted for income taxes at the Company’s historical effective tax rate.

Three Months Ended

March 31, 2014

Three Months Ended
March 31, 2013

Pro Forma
Combined

(in thousands)

Revenues

$

58,613

$

39,377

Costs and expenses

Sales and marketing

16,117

14,946

Operations and support

15,107

10,687

Technology (exclusive of amortization)

5,347

4,307

General and administrative

8,324

5,559

Depreciation and amortization

5,515

2,414

Total operating expenses

50,410

37,913

Income before provision for income taxes

8,203

1,464

Provision for income taxes

3,850

805

Net income attributable to common stockholders

$

4,353

$

659

Net income per share attributable to common stockholders:

Basic

$

0.08

$

0.01

Diluted

$

0.06

$

0.01

Weighted average number of shares outstanding:

Basic

55,210

54,682

Diluted

77,635

74,563

KEY PRO FORMA OPERATING METRICS

Three Months Ended March 31,

2014

2013

Pro Forma

Active Diners (000s)

3,851

2,577

Daily Average Grubs

181,200

129,100

Gross Food Sales (millions)

$

433.0

$

300.0

 

GRUBHUB INC.

CONDENSED STATEMENTS OF OPERATIONS – UNAUDITED

(in thousands, except per share data)

Three Months Ended

March 31,

2014

2013

Revenues

$

58,613

$

25,801

Costs and expenses:

Sales and marketing

16,117

10,100

Operations and support

15,107

5,977

Technology (exclusive of amortization)

5,347

2,647

General and administrative

8,324

2,903

Depreciation and amortization

5,515

1,796

Total costs and expenses

50,410

23,423

Income before provision for income taxes

8,203

2,378

Provision for income taxes

3,850

1,122

Net income attributable to common stockholders

$

4,353

$

1,256

Net income per share attributable to common stockholders:

Basic

$

0.08

$

0.04

Diluted

$

0.06

$

0.03

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

Basic

55,210

31,364

Diluted

77,635

43,146

 

GRUBHUB INC.

CONDENSED CONSOLIDATED BALANCE SHEETS – UNAUDITED

(in thousands, except share data)

March 31,

2014

December 31,
2013

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$

112,760

$

86,542

Accounts receivable

38,116

27,725

Income taxes receivable

1,821

1,579

Deferred taxes, current

3,688

3,688

Prepaid expenses

2,352

2,625

Total current assets

158,737

122,159

PROPERTY AND EQUIPMENT:

Property and equipment, net of depreciation and amortization

17,332

17,096

OTHER ASSETS:

Other assets

1,975

2,328

Goodwill

352,788

352,788

Acquired intangible assets, net of amortization

264,915

268,441

Total other assets

619,678

623,557

TOTAL ASSETS

$

795,747

$

762,812

LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES:

Accounts payable

$

3,297

$

3,353

Restaurant food liability

96,923

78,245

Taxes payable

1,046

1,768

Accrued payroll

2,663

1,720

Other accruals

11,085

7,505

Total current liabilities

115,014

92,591

LONG TERM LIABILITIES:

Deferred taxes, non-current

94,805

90,495

Other accruals

2,775

3,936

Total long term liabilities

97,580

94,431

Redeemable common stock

34,950

18,415

STOCKHOLDERS’ EQUITY:

Series A Convertible Preferred Stock

2

2

Common stock

5

5

Accumulated other comprehensive income

181

132

Additional paid-in capital

486,782

500,356

Retained earnings

61,233

56,880

Total Stockholders’ Equity

$

548,203

$

557,375

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$

795,747

$

762,812

 

GRUBHUB INC. (“GRUBHUB”)

CONDENSED STATEMENTS OF CASH FLOWS – UNAUDITED

(in thousands)

Three Months Ended

March 31,

2014

2013

CASH FLOWS FROM OPERATING ACTIVITIES

Net income

$

4,353

$

1,256

Adjustments to reconcile net income to net cash from operating activities:

Depreciation

1,168

616

Provision for doubtful accounts

361

20

Deferred taxes

3,208

(152)

Intangible asset amortization

4,347

1,180

Tenant allowance amortization

(40)

(39)

Stock based compensation

2,403

621

Deferred rent

(21)

(31)

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

Accounts receivable

(10,752)

(6,374)

Income taxes receivable

(242)

—

Prepaid expenses and other assets

626

323

Accounts payable

(56)

2,401

Restaurant food liability

18,678

14,160

Accrued payroll

943

570

Other accruals

2,860

(31)

Net cash provided by operating activities

27,836

14,520

CASH FLOWS FROM INVESTING ACTIVITIES

Capitalized website and development costs

(449)

(676)

Purchases of property and equipment

(1,776)

(2,711)

Net cash used in investing activities

(2,225)

(3,387)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from exercise of stock options

1,036

83

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

(362)

—

Repurchases of common stock

(116)

(1,194)

Net cash provided by (used in) financing activities

558

(1,111)

Net change in cash and cash equivalents

26,169

10,022

Effect of exchange rates on cash

49

(224)

Cash and cash equivalents at beginning of year

86,542

41,161

Cash and cash equivalents at end of the period

$

112,760

$

50,959

SUPPLEMENTAL DISCLOSURE

Cash paid for income taxes

$

395

$

1,340

 

NON-GAAP ADJUSTED EBITDA RECONCILIATION – PRO FORMA

Three Months Ended

March 31,

2014

2013

Pro Forma

(in thousands)

Net income

$

4,353

$

659

Income tax expense

3,850

805

Depreciation and amortization

5,515

2,414

EBITDA

13,718

3,878

Merger and restructuring costs                              

285

761

Stock-based compensation

2,403

988

Adjusted EBITDA

$

16,406

$

5,627

 

GrubHub To Announce First Quarter 2014 Financial Results On May 8, 2014

CHICAGO, April 29, 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 first quarter financial results on Thursday, May 8th, 2014, at 4:00 p.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 29,000 takeout restaurants in more than 600 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams.

SOURCE GrubHub Inc.

Anan Kashyap, Corporate Finance & Investor Relations, ir@grubhub.com, or Abby Hunt, Press, press@grubhub.com

“Food in the Workplace” Survey Finds Food-Based Perks on the Rise

Second Annual Survey Reveals Positive Effects on Employee Recruiting, Retention and Productivity

CHICAGO, April 24, 2014 /PRNewswire/ — Seamless Corporate Accounts, GrubHub Inc.’s leading online food-ordering and billing service for offices, today released the results of its “Food in the Workplace” survey, a study that examines the impact food and other perks have on company morale, satisfaction and loyalty. The second annual survey uncovered that with nearly half (48%) of respondents exceeding a 40-hour workweek some or all of the time, companies have responded in kind by offering more food-based perks, up 11% from 2013.

“As the traditional eight-hour work day continues to extend, many companies are seizing the opportunity to demonstrate their appreciation by offering food-based perks,” said Karen Miller vice president of people at GrubHub Inc. and human resources and corporate culture expert for Seamless Corporate Accounts. “Employee dissatisfaction can come with a hefty price tag1 for companies – providing perks, including food-based ones, can substantially improve productivity and employee satisfaction.”

While food-based perks as a whole are on the rise, the survey revealed one area with significant room for improvement: few companies provide or reimburse meals for employees who work late nights or weekends. Of the professionals surveyed, only 9% indicated that their companies offer this perk. Overall, the survey found that enhancing food-based perks is a potentially simple but effective way2 for companies to bolster morale, which can benefit retention and recruitment efforts.

Employees surveyed indicated that food-based perks would make them feel appreciated and help build a better workplace culture:

  • Employees feel the love. 57% of respondents said food-based perks, such as providing or reimbursing meals for employees who work late nights or weekends, would make them feel more valued by their employers.
  • A well-fed employee is a happy employee. 50% of respondents indicated that food-based perks would make them more satisfied with their employers.
  • Breaking bread together improves office relationships. 50% of employees said they think sharing meals with colleagues helps foster a better working relationship, up from 43% in 2013.

Additional survey data indicated that as the battle for talent heats up, food-based perks are becoming increasingly more important in the workforce:

  • Food-based perks help increase employee loyalty. 41% of respondents said that if their current employer were to provide meals, they would be less inclined to accept a job offer at a company that does not.
  • Employee enthusiasm gets a boost. 28% of respondents whose companies do not provide food-related perks would be excited to have them, ranking second only to gym or yoga memberships (38%).
  • If you feed them, they will come. 38% of respondents said that food-related perks would make them more inclined to rate their companies highly in a “Best Places to Work” survey, coming in third after flexible vacation policies (52%) and gym or yoga memberships (42%).

“As competition for top talent intensifies, companies are creating inventive programs to differentiate themselves from competitors and to keep top talent engaged and satisfied,” said Miller. “At Seamless, we’ve seen firsthand at how food-based perks has become part of our recruiting brand, creating a halo effect that has helped bolster retention and attract a pipeline of strong candidates.”

Seamless Corporate Accounts’ “Food in the Workplace” survey polled 1,225 full-time professionals, aged 23-60, who work for companies with 20 or more employees. More than half of respondents work for companies with 500 or more employees. From government and healthcare to professional services, manufacturing, real-estate and tech companies, respondents represented more than a dozen different industries. Questions focused primarily on the effects food-based perks have on employee productivity, retention and recruiting, as well as other aspects of work life such as client and colleague relationships. The survey, which included roughly 30 questions, was fielded in early March 2014.

For more information about the Seamless Corporate Accounts’ “Food in the Workplace” survey, the findings and the implications for companies, please visit https://pages.c.seamless.com/FoodintheWorkplace2014Survey.html.

About Seamless Corporate Accounts
Seamless Corporate Accounts, GrubHub Inc.’s leading online food-ordering and billing service for offices, simplifies the process of ordering and paying for food in the office. Used by thousands of corporate clients across the U.S. and London, Seamless Corporate Accounts save companies time, money and hassle by consolidating all ordering into one online account and sending one invoice for all orders. For more information, visit www.seamless.com/business.

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 28,800 takeout restaurants in more than 600 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams. GrubHub Inc. has more than 600 employees, with offices in Chicago, New York and London.

1 According to Gallup’s 2013 State of the Global Workplace report, employee disengagement is reported to cost the U.S. up to $550 billion per year. http://www.gallup.com/strategicconsulting/164735/state-global-workplace.aspx

2 According to Glassdoor’s 2013 Employee Appreciation Survey, more than 80% of employees say they’re motivated to work harder when their boss shows appreciation for their work and that 46% of employees would feel more appreciated if their boss gave them an unexpected treat like snacks, lunches or dinners. http://www.huffingtonpost.com/2013/11/19/appreciation-employees-work-harder-motivation_n_4302593.html

SOURCE GrubHub Inc.

Abby Hunt, 773-250-0501, press@grubhub.com

Rise & Shine: GrubHub Ranks Top Cities for Takeout Breakfast, Coffee Orders

CHICAGO, April 8, 2014 /PRNewswire/ — Breakfast wars are raging across the country, and the analysts at GrubHub, the nation’s leading online and mobile food-ordering company, set out to determine what “the most important meal of the day” means for the takeout industry. An analysis of a year’s worth of orders placed between 6-11 a.m. reveals that breakfast and coffee orders have surged nearly 50 percent since 2011, led by Phoenix and New York City, respectively.

To identify the cities most likely to start the day with early-morning eats and jolts of java, analysts examined breakfast orders placed across GrubHub’s network of approximately 28,800 restaurants in more than 600 U.S. cities. Findings reveal that diners in the following cities order the most breakfast and coffee for takeout.

  Cities that Order the Most Breakfast:  

  Cities that Order the Most Coffee:  

  1. Phoenix

  1. New York City

  2. New York City

  2. Allentown, Pa.

  3. San Jose, Calif.

  3. Philadelphia

  4. Las Vegas

  4. Los Angeles

  5. San Diego

  5. Blacksburg, Va.

In mapping breakfast consumption across the country, GrubHub analysts also uncovered the most popular fuel for American mornings. Despite an increasing number of morning menu options and innovations, the study shows that traditional breakfast choices, including eggs and coffee, still comprise the most common morning meals.

  Most Popular Breakfast Foods*:  

  Most Popular Coffee Beverages*:  

  1. Eggs – 32 percent

  1. Coffee – 47 percent

  2. Omelets – 14 percent

  2. Latte – 20 percent

  3. Bacon – 13 percent

  3. Iced Coffee – 18 percent

  4. Bagel – 11 percent

  4. Cappuccino – 5 percent

  5. Toast – 9 percent

  5. Mocha – 3 percent

Aside from identifying where and what early diners are ordering, GrubHub’s analysis exposed additional trends in takeout breakfast:

  • Takeout breakfast orders peak on Saturday, followed by Sunday, Thursday and Tuesday, respectively.
  • The average order time for takeout breakfast is 9:45 a.m.
  • Women are 20 percent more likely to order breakfast than men.
  • Women are 26 percent more likely to order coffee beverages than men.

For more information about GrubHub, or to find takeout restaurants available in your area, please visit 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 28,800 takeout restaurants in more than 600 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams. GrubHub Inc. has more than 600 employees, with offices in Chicago, New York and London.

*Popularity of items based on the percentage of orders in each breakfast category placed 3/18/13-3/17/14 between 6-11 a.m.

GrubHub To Participate In William Blair Growth Stock Conference

CHICAGO, June 4, 2014 /PRNewswire/ — GrubHub Inc. (NYSE: GRUB), the leading online and mobile food-ordering company, today announced that Matt Maloney, Chief Executive Officer and Adam DeWitt, Chief Financial Officer, will present at the William Blair Growth Stock Conference on June 10, 2014, at 10:10 a.m. CDT. The conference will be held at the Four Seasons Hotel in Chicago.

The presentation will be webcast live and available by visiting the “Investor Relations” section of the company’s website at investors.grubhub.com. The webcast will be accessible via the company’s website for 30 days after the conference ends.

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

  Abby Hunt

  Corporate Finance & Investor Relations                      

  Press Relations

  ir@grubhub.com

  press@grubhub.com. 

GrubHub To Celebrate IPO And First Day Of Trading On NYSE

CHICAGO, April. 4, 2014 /PRNewswire/ — GrubHub Inc. (NYSE: GRUB), the nation’s leading online and mobile food-ordering company, opened for trading today on the New York Stock Exchange (NYSE) under the ticker symbol “GRUB” following its initial public offering. Co-founder and CEO Matt Maloney, joined by members of GrubHub’s senior team and board, celebrated the initial trading day by ringing the Opening Bell.

GrubHub connects hungry diners to local restaurants with an easy-to-use and powerful online and mobile ordering platform. Since its founding more than 10 years ago, GrubHub Inc., along with its portfolio of brands GrubHub, Seamless, MenuPages, and Allmenus, has become the leading online and platform in the takeout space, generating growth and profitability through a powerful two-sided network of restaurants and diners.

Photo 1
GrubHub rings NYSE Opening Bell®.

Photo 2
View of the trading crowd surrounding the GrubHub IPO on the NYSE.

Photo 3
GrubHub executive team from the NYSE.

Video
The NYSE Opening Bell®.

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 company’s online and mobile ordering platforms allow diners to order directly from approximately 28,800 takeout restaurants in more than 600 U.S. cities and London. Every order is supported by the company’s 24/7 customer service teams. GrubHub Inc. has more than 600 employees, with offices in Chicago, New York and London.

Forward-Looking Statements:
This press release contains forward-looking statements, which are subject to substantial risks, uncertainties and assumptions. You should not place reliance on these statements.  Forward-looking statements include information concerning the offering.  These statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “seek,” “will,” “may” or similar expressions.  Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that we will effect the offering. Accordingly, you should not place undue reliance on these forward-looking statements. All such statements speak only as of the date made, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

GrubHub Inc. Announces Pricing of Initial Public Offering

CHICAGO, April 3, 2014 /PRNewswire/ — GrubHub Inc. (“GrubHub”) (NYSE:  GRUB), the nation’s leading online and mobile food ordering company dedicated to connecting hungry diners with local takeout restaurants, today announced the pricing of its Initial Public Offering of 7,405,614 of its common stock at a price to the public of $26.00 per share. In addition, GrubHub has granted the underwriters a 30-day option to purchase up to an additional 1,110,842 shares of common stock from certain selling stockholders at the Initial Public Offering price. The shares are expected to begin trading on the New York Stock Exchange on April 4, 2014.

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

A registration statement relating to these securities has been filed with, and on April 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, 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 securities laws of any such state or jurisdiction.

The offering is being made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained, when available, from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Ave., Edgewood, NY 11717 or by calling (800) 831-9146; and Morgan Stanley at Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by calling (866) 718-1649.

Forward-Looking Statements:
This press release contains forward-looking statements, which are subject to substantial risks, uncertainties and assumptions. You should not place reliance on these statements.  Forward-looking statements include information concerning the offering.  These statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “seek,” “will,” “may” or similar expressions.  Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that we will effect the offering. Accordingly, you should not place undue reliance on these forward-looking statements. All such statements speak only as of the date made, and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.