Grubhub (GRUB) Tops Q2 EPS by 1c, Revenue Beats

Grubhub (NYSE: GRUB) reported Q2 EPS of ($0.17), $0.01 better than the analyst estimate of ($0.18). Revenue for the quarter came in at $459.3 million versus the consensus estimate of $406.48 million.

Second Quarter Key Business Metrics Highlights1

• Active Diners: 27.5 million, a 35% year-over-year increase from 20.3 million Active Diners in the second quarter of 2019.
• Daily Average Grubs (DAGs): 647,100, a 32% year-over-year increase from 488,900 DAGs in the second quarter of 2019.
• Gross Food Sales: $2.3 billion, a 59% year-over-year increase from $1.5 billion in the second quarter of 2019.

Guidance

Given Grubhub's pending acquisition by Just Eat Takeaway.com, it is no longer issuing forward-looking guidance.

For earnings history and earnings-related data on Grubhub (GRUB) click here.

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