Waitr Holdings (Nasdaq: WTRH), an on-demand ordering and delivery platform, that billionaire Tilman Fertitta and Jefferies acquired in 2018 via their first SPAC, Landcadia I, reported Q3 earnings today. Waitr pulled the announcement forward, with earnings initially expected out on 11th Nov. Waitr missed revenue estimates by ~6%, but significantly improved profitability with $0.09 EPS vs. -$0.04 estimate and $0.04 in the same quarter of 2020. Waitr attracted attention earlier in October when Morgan Stanley disclosed a 10% stake in … Continue reading “Resurgent Waitr Recovering From Covid and Hurricanes Posted Strong Profit”
Shares of food delivery company GrubHub collapsed over 40% after reporting dismal earnings and lowered guidance before the market led analysts to agressively downgrade $GRUB. Competition from Uber, Doordash and Postmates is eating marketshare.