Will Either of These Delivery Stocks Turn Profitable Anytime Soon?
European-based Just Eat Takeaway.com (NASDAQ: GRUB) continues to struggle after its acquisition of American food delivery company Grubhub. Activist investors are urging Just Eat to spin off Grubhub, but CEO Jitse Groen refuses, drawing a negative response from the stock market. Meanwhile, delivery company DoorDash (NYSE: DASH) is a thriving investor favorite as it follows a different strategy, yet its bottom line results are little better.
Just Eat Takeaway is Europe's biggest food delivery conglomerate, with a 70% market share, according to Jitse Groen. It also established a strong foothold in the U.S. food delivery market with its June 2021 integration of Grubhub, after it began the acquisition for over $7 billion in stock in the year prior.
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Source Fool.com
