New Grubhub Service Offers 10% Cash Back

Sales growth at Grubhub (NYSE: GRUB) has fallen for five straight quarters, and Grubhub stock has lost 35% of its value over the past year. Now, Grubhub is aiming to do something about that.

This morning, the "nation's leading pickup and delivery marketplace with the largest restaurant network" announced it is launching a "Grubhub+" membership program to reaccelerate growth and lock customers in to its network (so as to make them less inclined to defect to Doordash, Postmates -- or whoever else is offering the fattest coupon today).

Image source: Grubhub.

Source Fool.com