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Stock impact report

Will the COVID-19 Pandemic Help or Harm Grubhub? [The Motley Fool]

Just Eat Takeaway.com N.V. - American Depositary Shares (GRUB) 
Last just eat takeaway.com n.v. - american depositary shares earnings: 2/5 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investors.grubhub.com
Company Research Source: The Motley Fool
Grubhub(NYSE:GRUBFirst, the bad news...Grubhub expects its first-quarter revenue andadjusted EBITDAImage source: Grubhub.Grubhub noted its business was "trending at or above the high end of our guidance range for the first ten weeks of the quarter," but it "experienced a swift change in customer behavior in the middle of March when the pandemic took hold across the country." That deceleration caused its daily average grubs (DAGs) to come in "flattish" compared to the prior year.Grubhub noted its business in New York City, one of its top markets, experienced a steeper slowdown due to the "severity of theCOVID-9Now, the good news...On the bright side, Grubhub saw "trends improve significantly" in the beginning of the second quarter, which started on April , with approximately 0% year-over-year growth in DAGs so far. It noted its orders were stabilizing in New York, while less affected markets were already rebounding to pre-COVID-9 levels. As a result, it expects to "see a return to more Show less Read more
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