Grubhub (GRUB) Misses Q4 EPS by 2c; Issues Solid Rev Outlook
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Grubhub Reports Record Fourth Quarter And Full Year 2016 Results
February 8, 2017 9:00 AM ESTCHICAGO, Feb. 8, 2017 /PRNewswire/ --Â Grubhub Inc. (NYSE: GRUB), the nation's leading takeout marketplace, today announced financial results for the quarter and year ended Dec. 31, 2016. Orders grew 21% year-over-year, and the Company posted quarterly revenues of $137.5 million, which is a 38% year-over-year increase from $100.0 million in the fourth quarter of 2015.
"Grubhub had a transformative year in 2016. We dramatically improved our product and reaccelerated order growth. Fueled by data-driven product enhancements, substantial strides in delivery, and a refreshed marketing approach, we exited the year growing DAGs faster than we did a year ago,"... More
