103.07 -0.02 (-0.02%)
After hours: 4:11PM EDT
|Bid||101.17 x 1200|
|Ask||103.95 x 800|
|Day's range||102.02 - 104.05|
|52-week range||41.35 - 112.41|
|PE ratio (TTM)||92.04|
|Earnings date||1 Aug 2018 - 6 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||104.00|
McDonald's, Chipotle and other top restaurant chains are expanding into home delivery services as e-commerce reduces their traffic. But revenue-sharing with the likes of Uber Eats and Grubhub, as well as execution issues, make this shift a dicey proposition.
The threat of Amazon.com (AMZN) and e-commerce in general have steamrolled the retail story for years, but we're still only in the early innings of the trend, with plenty of growth left to go, says Christian Magoon, chief executive of Amplify ETFs, which includes the Amplify Online Retail ETF (IBUY). Magoon expects that figure to more than double in next five years, closer to the 21% projected for China, helped by the rapid pace of technological advancements (artificial intelligence, virtual shopping assistants, 5G) as well as the diminishing number of physical stores. IBUY tracks a globally diverse basket of about 50 stocks, three-quarters of which are U.S.-centric, that get at least 70% of their revenue from online sales.
Groupon (GRPN) is scheduled to report its 1Q18 earnings results on May 9, just a day before Yelp (YELP) is scheduled to release its 1Q18 results. Amazon (AMZN) released its 1Q18 results on April 26, reporting revenue and EPS (earnings per share) that rose compared to a year ago but fell below the consensus estimates.
With Groupon’s (GRPN) 1Q18 earnings report around the corner, Wall Street seems divided on the company’s prospects. The majority of analysts tracking Groupon are urging a cautious approach to the stock.
With its stock close to breakout territory, Yelp is set to report first-quarter earnings after the market close Thursday.
In recent years, Groupon (GRPN) has prioritized improving profitability over driving revenue growth. To drive profitability improvements, Groupon said it would continue to focus on growing its customer value in 2018. At Groupon, customer value is expressed as gross profit per customer.
Today, Groupon (www.groupon.com) (GRPN), which aims to become the daily habit in local commerce by connecting people to a vibrant, global marketplace for local services, experiences and goods, unveiled that its previously announced strategic delivery partnership with Grubhub (www.grubhub.com) (GRUB), the nation’s leading online and mobile food-ordering and delivery marketplace, is now live in Chicago. Once the integration between the two companies is fully completed, Groupon users will have the ability to place delivery or pickup orders from Grubhub’s network of tens of thousands of nationwide restaurant partners across the country. “Our customers have a demonstrated desire for delivery options on Groupon.
Yelp (YELP) is gearing up to report its 1Q18 financial results at a time when its management is concerned about a housing shortage in California driving up operating costs, forcing it to pay more to keep the employees it has in San Francisco.
Groupon (GRPN) is scheduled to report its 1Q18 earnings results less than two months after its partner GrubHub (GRUB) completed a platform integration with Yelp (YELP). GrubHub integrated its restaurant network onto Yelp’s platform, thereby expanding food ordering and delivery options for Yelp’s users.
About six months after Yelp (YELP) closed the sale of its online food delivery service, Alibaba (BABA) announced that it was taking full ownership of the food delivery service Ele.me. Yelp sold Eat24 to GrubHub (GRUB) for nearly $300 million and consequently exited the food delivery market because it didn’t view the food delivery business as strategic to its future.
Late on Friday, lawyers for a former GrubHub delivery worker asked a U.S. appeals court in San Francisco to send his closely watched case against the company back to a judge who had previously dismissed it. In light of the California Supreme Court's decision, the lawyers said, the judge should reconsider Raef Lawson's claims that he was an employee entitled to overtime pay and reimbursement for expenses.
Yum's $200 million investment doesn't just guarantee the company access to Grubhub's data, it allows the online ordering platform to expand to more markets more quickly.
Yelp (YELP) is expected to report its 1Q18 financial results on May 10. The report is set to come a little more than a month after Yelp completed integrating GrubHub’s (GRUB) restaurant network into its own review platform. Integrating GrubHub’s restaurant network into its platform is expected to expand Yelp’s food delivery options for its users.
Yum Brands posts weaker-than-expected same-store sales growth in the first quarter despite beating estimates for revenue and profit.
Signs for GrubHub and Seamless are displayed on the door to a New York restaurant, Friday, April 4, 2014. Shares in GrubHub will begin trading on the New York Stock Exchange Friday. GrubHub, based in Chicago, also owns the Seamless food ordering website.
The tech-heavy Nasdaq staged an upside reversal day Tuesday with solid gains. Apple's earnings are due up at the close.
Shares of online restaurant delivery app company Grubhub took a dive Tuesday, likely in connection with some business metrics that came in shy of Wall Street’s expectations. Since Barron’s Tiernan Ray already touched on the financial results earlier today, we’ll focus on a few details regarding the Barron’s Next 50 company’s deal with Yum Brands (YUM) that Grubhub (GRUB) management discussed on a conference call with investors, a transcript of which was available on Seeking Alpha. • A lot of their recent moves into new markets can be attributed to the need to serve KFC and Taco Bell.
Seagate Technology (STX), the hard-disk-drive maker, is down $5.95, or over 10%, to $51.94, after the company reported revenue and profit that was slightly better than consensus. Its outlook for sales to be about the same this quarter as last, $2.8 billion, is better than the consensus estimate for $2.62 billion. On the call with analysts following the report, there was some dissatisfaction with the company’s gross profit margin, 30.2%, which was up only slightly from the prior quarter, even though Seagate sold a richer “mix” of drives of the high-value enterprise class.
With earnings season in full swing, we are seeing major moves in stocks on a daily basis. CommScope Holding Company Inc. (NYSE: COMM) is plummeting over 29% following a report in which it beat Q1 estimates, but then lowered its full-year outlook. The company reported revenue of $1.12 billion and adjusted EPS of $0.49, which beat the consensus estimates of $1.11 billion in revenue and $0.46 in EPS, but it then lowered its full-year adjusted EPS guidance from $2.56-$2.71 to $2.33-$2.48, which fell well short of the consensus estimate of $2.62.
Grubhub reported first-quarter earnings Tuesday morning that topped estimates though gross food sales missed views as the stock fell.
On a per-share basis, the Chicago-based company said it had net income of 34 cents. Earnings, adjusted for one-time gains and costs, were 52 cents per share. The results surpassed Wall Street expectations. ...