Just Eat Takeaway.com NV

Just Eat Takeaway.com NV owns and manages online food delivery marketplace. The firm connects consumers and restaurants through its platform and also offers delivery services. It operates through the following geographical segments: North America; Northern Europe; United Kingdom and Ireland; and Southern Europe, and Australia and New Zealand. The North America segment includes the U.S. and Canada. The Northern Europe segment consists of Austria, Belgium, Denmark, Germany, Luxembourg, Norway, Poland, Switzerland, Slovakia, and the Netherlands. The Southern Europe and ANZ segment refers to Australia, Bulgaria, France, Israel, Italy, New Zealand, Portugal, Romania, and Spain. The company was founded by Jitse Groen and Laurens Groenendijk in 2000 and is headquartered in Amsterdam, the Netherlands.

Just Eat Takeaway.com NV engages in the online food delivery marketplace. The firm connects consumers and restaurants through its platform and also offers delivery services. It operates through the following geographical segments: North America, Northern Europe, United Kingdom and Ireland, and Southern Europe, and Australia and New Zealand. The North America segment includes the U.S. and Canada. The Northern Europe segment consists of Austria, Belgium, Denmark, Germany, Luxembourg, Norway, Poland, Switzerland, Slovakia, and the Netherlands. The Southern Europe and ANZ segment refers to Australia, Bulgaria, France, Israel, Italy, New Zealand, Portugal, Romania, and Spain. The company was founded by Jitse Groen and Laurens Groenendijk in 2000 and is headquartered in Amsterdam, the Netherlands.

Increasingly bullish about the UK small and mid-cap stocks, UBS has unveiled its first list of top picks for 2024, four of which were online and digital platforms, Trainline, Rightmove, Trustpilot and Just Eat. Two of the others were in the broader leisure space, Keywords Studios and Jet2, while the remaining names were insurer Hiscox, hedge fund manager Man Group, recruiter Hays and industrial play Bodycote.

Jet2, Just Eat, Hays and Keywords among UBS top 10 UK small and mid-caps

Grubhub is expanding its grocery presence via a partnership with online marketplace Mercato. The collaboration, announced Thursday (April 18), will bring Mercato's inventory from more than 950 independent grocery stores nationwide to the Grubhub Marketplace.

Grubhub Deepens Grocery Offering With Mercato Partnership

Mercato's inventory of nearly 1,000 independent grocery partners will be available on the Grubhub Marketplace CHICAGO and SAN DIEGO , April 18, 2024 /PRNewswire/ -- Grubhub and Mercato , an online marketplace for independent grocery stores, have partnered to bring Mercato's inventory of more than 950 merchants across the country to the Grubhub Marketplace. Customers can order from hundreds of locations today, with all merchants becoming available over the next few weeks.

Grubhub Brings Grocery to its Marketplace with Mercato Partnership

College students aside, fewer Americans are ordering their meals from Grubhub. The food delivery platform's parent company, Dutch firm Just Eat Takeaway, reported earnings Wednesday (April 17) showing a 6% decline in order volume across its business, and a 12% drop in orders in North America, from 74.1 million in 2023 to 63.9 million this year.

Grubhub's Campus Business Grows as Order Volumes Fall

Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) (JET) has demonstrated notable market share gains in the United Kingdom and Ireland (UK&I), highlighting a strong performance in what remains a challenging economic environment, said Shore Capital, analysing the food delivery group's quarterly trading update earlier. According to the broker, the online food order and delivery service surpassed expectations with an 11% growth in gross transaction value (GTV) in the UK&I, notably ahead of the industry growth rate pegged at a mid-single-digit percentage.

Just Eat down 4.7%; broker sees draws crumbs of comfort from quarterlies

Just Eat Takeaway.com shares fell 5% on Wednesday after the food delivery company reported a drop in its sales in the first quarter of 2024, driven by plunging takeaway orders in North America.

Just Eat shares drop as falling takeaway orders in North America hit delivery firm's sales

Just Eat Takeaway.com reported a decline in gross transaction value on lower orders for the first quarter and backed its full-year profit guidance.

Just Eat Orders Drop But Keeps Outlook

Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) shares sank over 5% on Wednesday morning after the food delivery company reported a fall in orders over the first three months of the year. Total orders came in 6% lower at €214.2 million (£182.6 million) over the first quarter, Just Eat reported on Wednesday.

Just Eat slides as spending on orders drops overseas

On April 11, fans can become part of the Fallout universe with an exclusive dining experience that is high on spice and level zero radioactivity CHICAGO , April 8, 2024 /PRNewswire/ -- Grubhub is bringing the highly-anticipated Prime Video series premiere of Fallout to life with the limited-edition Nuka-Blast Burger Meal. Featuring a one-of-a-kind collector's delivery box, the meal includes iconic staples from the show's post-apocalyptic universe.

Grubhub Debuts the Nuka-Blast Burger Meal to Celebrate the Series Premiere of Fallout on Prime Video

Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) is expected to produce greater profits in 2024 than originally forecast by analysts after the takeaway company pointed to several tailwinds in its full-year results. Shore Capital raised its 2024 underlying earnings guidance to €460 million, €10 million ahead of company guidance and 44% higher than its 2023 profits.

Just Eat profits to beat guidance in 2024, says analysts

Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) shares tumbled 6.5% on Wednesday despite its guidance and earnings beating market expectations, leaving analyst's opinions in direct conflict with the market mood. Analysts believe the drop was due to the lack of share buyback announcements in the takeaway companies' full-year results.

Just Eat tumbles but profit beat leaves analysts optimistic

Just Eat Takeaway forecast a nearly 40% jump in 2024 core earnings on Wednesday, banking on strong growth in its key British and Irish markets that is being driven by simpler and more efficient delivery operations and higher food prices.

Just Eat Takeaway expects nearly 40% jump in 2024 core profit

CVS Health

Just in time for the start of daylight saving time, customers can score deals on health, wellness and other convenience items so they can spring forward with ease CHICAGO , Feb. 22, 2024 /PRNewswire/ -- Grubhub , a leading online mobile food ordering and delivery platform, is now offering inventory of thousands of wellness, beauty, household and other convenience items from CVS Pharmacy on the Grubhub Marketplace. More than 6,000 CVS locations are available on Grubhub across 48 states.

Grubhub Grows Convenience Offering with CVS Pharmacy

Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB), hot of the back of fourth-quarter results which saw it win orders from peer Deliveroo and beat earnings guidance, is now expected to provide a clear outlook for 2024. A full-year report from the takeaway company is due on Wednesday 28 February, and while investors will be keen to see management's view on the upcoming year, some focus will also be on any updates in its sale of GrubHub.

Can Just Eat continue to steal market share from Deliveroo in 2024?

Just Eat Takeaway has a strong marketplace food delivery business with high profitability and a strong moat. The food delivery industry is growing, driven by the convenience and variety of options available. Even with conservative assumptions, the upside is very attractive.

Just Eat Takeaway: Valuation Is Too Cheap To Ignore

The Anglo-Dutch group Just Eat Takeaway said Thursday that it would wind up its Paris subsidiary that employs riders on labor contracts but that it will continue to operate its delivery service in the French capital.

Just Eat to halt Paris subsidiary employing riders on contracts

Shares in Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) PLC jumped 7.8% after Bank of America (BofA) upgraded the stock rating to 'buy' from 'neutral', reflecting the company's improved profitability and strategic potential. On Wednesday, the company's core earnings came in ahead of expectations with over half its business segments now sustainably in the black.

Just Eat shares jump 8% after upgrade after upgrade by American investment bank

Just Eat Takeaway will close its in-house delivery service in Paris, Europe's largest meals delivery company said on Thursday, a move which could impact around 100 jobs.

Just Eat Takeaway to end Paris delivery service, around 100 jobs affected

Grubhub continues to see its order volume decline by double digits, even as its unit economics improve. The aggregator's parent company, Just Eat Takeaway.com, reported its fourth-quarter 2023 earnings results Wednesday (Jan. 17).

Grubhub Orders Fall 13% Amid Company's Cost-Cutting Measures

Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) may need to sell one of its subsidiaries if it wants to improve its financial performance and lift its share price, analysts at Shore Capital believe. “A portfolio catalyst could, in our view, provide an opportunity to reappraise the shares on cleaner Group GTV growth,” analysts at the broker said.

Just Eat may need to sell Grubhub to lift shares, says analysts

Just Eat Takeaway on Wednesday said it expected to report 2023 core earnings ahead of its forecast, after it broke even on free cash flow in the second half of 2023.

Just Eat to exceed 2023 core profit target

Grubhub has agreed to pay more than $3.5 million to resolve a lawsuit by Massachusetts accusing the company of illegally charging restaurants excessive fees during the COVID-19 pandemic.

Grubhub settles Massachusetts' lawsuit over pandemic-era fees for $3.5 mln

Citigroup has updated its European food delivery forecasts to reflect recent app and web data from its innovation lab, which suggest Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) could have the edge over rivals this results season.    Just Eat is expected to unveil its results for the fourth quarter on 17 January, and Deliveroo is due to publish its results two days later on 19 January.

Just Eat could have the edge this results season, latest forecasts suggest

DoorDash

Uber

Uber, DoorDash and Grubhub must pay their food delivery workers at least $17.96 an hour after losing their second attempt to block New York City's minimum wage law targeting the app-based firms. The ruling by a state appeals court Thursday forces the ubiquitous delivery services to either pay couriers the flat hourly rate of $17.

Uber, DoorDash and Grubhub must pay NY workers $18 per hour

Finding the best food delivery stocks to buy can be a challenge. Food delivery businesses fill an essential part of the consumer staples value chain.

News for Just Eat Takeaway.com NV Stock (JTKWY)