Amazon.com (AMZN) is ramping up its challenge vs. restaurant food delivery leader GrubHub (GRUB). The e-commerce leader is expanding its Amazon Restaurants delivery business to the East Coast, with Baltimore its first city. Amazon on Thursday said its service will be available in 10 ZIP codes in downtown Baltimore. “Baltimore’s vibrant mix of neighborhoods has created an equally vibrant food scene,” Gus Lopez, general manager of Amazon
GrubHub (GRUB), facing increased pressure in online food delivery from rivals that include Amazon.com (AMZN) and Uber, reports third-quarter earnings before the market open Tuesday. The consensus estimate is for GrubHub to report revenue of $86.54 million, up 40% from the year-ago quarter but the second quarter in a row of revenue growth deceleration. The consensus on earnings per share minus items, as polled by Thomson Reuters, is 14 cents, up
GrubHub (GRUB) stock is facing pressure in online food delivery from rivals led by ride-summoning service Uber, which recently began highlighting its big push into food delivery with a new look on its app. The UberEats app had been buried at the bottom of the site. But starting last week, UberEats is listed prominently next to Uber’s car summoning icon, the latest salvo in the app-based food delivery service wars, wrote Cowen & Co. analyst Kevin