GrubHub Inc. (GRUB) Tops Q1 EPS by 3c, Sales Beat

GrubHub Inc. (NYSE: GRUB) reported Q1 EPS of $0.06, $0.03 better than the analyst estimate of $0.03. Revenue for the quarter came in at $58.6 million versus the consensus estimate of $53.42 million.

GrubHub Inc. sees Q2 revenue of $53-55 million, versus the consensus of $52.6 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."

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

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