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Thursday, February 8, 2018

GrubHub (GRUB) reported earnings on Thur 8 Feb 2018 (b/o)

  • Feb. 7 (Wed):  #44; vol. 2.6M  -->  +32%
** charts before earnings **


** charts after earnings ** 


GrubHub beats by $0.06, beats on revs; guides Q1 and FY18 in-line 
  • Reports Q4 (Dec) earnings of $0.37 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of $0.31; revenues rose 49.2% year/year to $205.1 mln vs the $201.55 mln Capital IQ Consensus. EBITDA +45% to $57 mln vs. $51-56 mln guidance.
  • Active Diners were 14.5 million, a 77% year-over-year increase from 8.2 million Active Diners in the fourth quarter of 2016. Daily Average Grubs (DAGs) were 392,500, a 34% year-over-year increase from 292,500 DAGs in the fourth quarter of 2016. Gross Food Sales were $1.1 billion, a 39% year-over-year increase from $818 million in the fourth quarter of 2016. 
  • Co issues in-line guidancefor Q1, sees Q1 revs of $224-232 mln vs. $227.14 mln Capital IQ Consensus; EBITDA $54-60 mln.
  • Co issues in-line guidancefor FY18, sees FY18 revs of $910-960 mln vs. $938.33 mln Capital IQ Consensus; EBITDA $225-255 mln.
  • "The partnership with Yum! which we announced this morning will accelerate the expansion of our delivery network and amplify our diner acquisition efforts, raising consumer awareness of online ordering and driving more volume for all restaurants across our platform."

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