Grubhub sees strong revenue growth, but reports surprising quarterly loss

Grub posts revenue increase, quarterly loss

Grubhub (NYSE: GRUB) posted 52% revenue growth in Q1 2021 on revenues of $551 million compared to $363 million in Q1 2020, it said on Wednesday after market close.

Gross food sales grew 60% year-over-year to $2.6 billion, up from $1.6 billion in the first quarter of 2020, and the company said it saw high-single-digit year-over-year growth in orders.

“We are proud of our continued role in helping restaurants grow their businesses and supporting the communities where they operate. Our team...

https://www.freightwaves.com/news/grubhub-sees-strong-revenue-growth-but-reports-surprising-quarterly-loss

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