Grubhub Withdraws Year's Guidance - First Quarter Was Volatile [TheStreet.com]
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
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Source: TheStreet.com
Shares of Grubhub(GRUBGet ReportAs for the first quarter, Grubhub expects revenue and adjusted earnings before interest, taxes, depreciation and amortization to be slightly above the midpoints of its Feb. 5 guidance.“While the business was trending at or above the high end of our guidance range for the first 10 weeks of the quarter, like most businesses, we experienced a swift change in customer behavior in the middle of March, when the pandemic took hold across the country,” the Chicago company said in a statement.“Initially, we observed a decrease in orders across our entire business, as the news upended typical routines and there was considerable uncertainty about what day-to-day life would be like.”But things have changed. “Exiting the first quarter and in the beginning of the second quarter, we have seen trends improve significantly,” the company said.“So far in April our overall year-over-year [daily average grub] growth has been approximately 10%.”As for earnings going forward,
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