Does Grubhub Stock Have Any Drive Left in Q3?
Grubhub (NYSE: GRUB) got a short-lived boost from announcing a partnership with McDonald's in the New York City area. Nevertheless, competition from DoorDash and Uber (NYSE: UBER) is intense (until recently UberEats was the exclusive partner of the burger chain), and investors are increasingly concerned about the meal delivery specialist's decelerating growth rates.
Second-quarter earnings show Grubhub's revenue beating analyst expectations with a 36% increase, but it was the third straight quarter in which revenue growth declined year over year. As Grubhub prepares to report third-quarter earnings on Tuesday, Oct. 29, let's take a look at what investors might expect.
Image source: Taco Bell.
Source Fool.com
