Monness, Crespi, Hardt Downgrades GrubHub Inc. (GRUB) to Neutral
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Grubhub Reports Record Second Quarter Results
July 28, 2016 9:02 AM EDTCHICAGO, July 28, 2016 /PRNewswire/ --Â Grubhub Inc. (NYSE: GRUB), the leading takeout marketplace, today announced financial results for the quarter ended June 30, 2016.Â
"In our strong second quarter, Grubhub continued to build the most comprehensive marketplace connecting restaurants and takeout diners. We posted record net revenues and our best order growth in a year," said Matt Maloney, CEO. "Grubhub also generated a record number of orders in Q2 despite typical seasonal headwinds, as total order growth accelerated to 23% year-over-year."
Second Quarter 2016 Highlights
The following results reflect the financial... More
