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Grubhub Reports First Quarter 2021 Results
Grubhub generates 52% revenue growth in the first quarter
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CHICAGO, April 28, 2021 /PRNewswire/ Grubhub Inc. (NYSE: GRUB), a leading online and mobile food-ordering and delivery marketplace, today announced financial results for the first quarter ended March 31, 2021 and also posted a letter to shareholders on its investor relations website. For the first quarter, the Company reported revenues of $551 million, which is a 52% year-over-year increase from $363 million in the same period last year. Gross Food Sales grew 60% year-over-year to $2.6 billion, up from $1.6 billion in the first quarter of 2020. We are proud of our continued role in helping restaurants grow their businesses and supporting the communities where they operate. Our team continued its strong execution in the first quarter – easily hitting records for all of our key business metrics, said Matt Maloney, Grubh
SHAREHOLDER CIRCULAR AND NOTICE OF GENERAL MEETING
On
Oleg Novachuk and (ii)
Vladimir Kim (the Consortium )) announced that the final increased offer (the Final Increased Offer ) made by Bidco for each ordinary share of
20 pence each in the capital of the Company (each a KAZ Minerals Share ), other than the KAZ Minerals Shares already owned or controlled by members of the Consortium, had been declared unconditional in all respects. Bidco has, by virtue of its shareholdings and acceptances of the Final Increased Offer or otherwise, now acquired or agreed to acquire more than 75 per cent. of the issued share capital of the Company.