by Tom Kaiser | Nov 14, 2019 | Finance, Top Stories
On the third day of the Restaurant Finance & Development Conference, execs from Kitchen United, Sweetberry Bowls and Dog Haus joined Food On Demand’s Nicholas Upton to go behind the scenes on the economics and other details for restaurants now operating within...
by Nicholas Upton | Nov 14, 2019 | Best Practices, Third-Party Delivery
Negotiating with a unicorn company out of Silicon Valley, even for an established restaurant brand, can be nerve-wracking. Portillo’s, the Chicago hot-dog institution rapidly expanding into new markets, had one key tactic for getting everything they wanted from its...
by Tom Kaiser | Nov 14, 2019 | Finance, News
Louisiana-based Waitr Holdings, which also owns Bite Squad, is the latest publicly traded national delivery provider to post a significant loss in recent weeks, bleeding a total of $220.1 million during Q3 2019. Diving into the numbers, Waitr’s quarterly revenue...
by Nicholas Upton | Nov 14, 2019 | Briefs, News
Aerial drones may represent an incredible leap in foodservice technology, but there is still plenty of work to be done before we collectively get there. Uber’s Elevate division recently painted a picture of what that future model might look like as it announced its...
by Tom Kaiser | Nov 7, 2019 | Third-Party Delivery, Top Stories
Andrew Martino bootstrapped his way to opening a ghost truck-themed, multi-concept, delivery-only kitchen in New Jersey that offers a more refined delivery and takeout experience with nine in-house concepts operating out of a tiny space. Six months in, Ghost Truck...
by Tom Kaiser | Nov 7, 2019 | Finance, Third-Party Delivery
A new week has brought yet another major financial blow to the third-party delivery landscape with Uber posting a $1.2 billion loss during the third quarter on the heels of the mobility giant’s epic $5.2 billion loss during the second quarter. Its stock price fell...
by Nicholas Upton | Nov 7, 2019 | Finance, Third-Party Delivery
The first day of November marked the completion of DoorDash’s acquisition of Caviar, the largest in the spate of DoorDash acquisitions the company took on last year. DoorDash and Square, which previously owned Caviar, first announced the $410 million deal in August of...
by Tom Kaiser | Nov 7, 2019 | Briefs, News
Minneapolis’ StarTribune newspaper reports that Louisiana-based Waitr Holdings laid off the majority of employees at Bite Squad’s downtown Minneapolis headquarters. Waitr acquired Bite Squad in late 2018 for $321 million. The move is the latest shakeup for Waitr,...
by Tom Kaiser | Oct 31, 2019 | Finance, Top Stories
Grubhub CEO Matt Maloney and President Adam DeWitt were clear the company’s third-quarter financial results were a disappointment—putting it lightly—but the execs of the one-time top U.S. delivery brand kept returning to the mantra that nobody should focus too much on...
by Tom Kaiser | Oct 31, 2019 | News, Third-Party Delivery
To shine more light on its recently introduced pickup feature where customers pre-order meals that they collect at the restaurant or then eat inside the dining room, Uber Eats has launched Pickup Guides Powered by Jump, a discount to allow its Jump-branded e-bike...