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Highlights
- Just Eat Takeaway.com (Nasdaq:GRUB) revenue in the first six months of 2021 was US$3.05 billion compared to US$2.11 billion in the same period of 2020.
- Uber Technologies’ (NYSE:UBER) total revenue in Q2 was US$3.9 billion against US$1.9 billion in the same period the previous year.
- DoorDash, Inc. (NYSE:DASH) reported total revenue of US$1.2 billion in Q2, an increase of 83 percent YoY.
Food delivery stocks are companies that deliver food to consumers. The sector saw exponential growth during the pandemic as the dine-in services were banned. Also, restaurants could not host customers. But they benefitted because they relied on third-party food delivery companies for sale.
Here we explore four trending food delivery stocks in the market.
Just Eat Takeaway.com (Nasdaq:GRUB)
In the first six months of 2021, its revenue was US$3.05 billion compared to US$2.11 billion in the same period of 2020. The adjusted EBITDA was US$223 million. Grubhub, its US division, processed 134 million orders.
The stock surged 3.59 percent to US$17.325 at 10.56 am ET on August 17 after the earnings results. However, the stock value fell 26.69 percent YTD.
Also read: Top e-commerce stocks to consider as online sales boom
Source: Pixabay.
The Netherlands-based company’s market cap is US$18.3 billion, the forward P/E one year is -18.18, and the stock’s 52-week highest and the lowest prices were US$19.11 and US$15.50, respectively.
DoorDash, Inc. (NYSE:DASH)
DoorDash (DASH) stock was priced at US$190.73 at 10.14 am ET on August 17, up 1.77 percent from the previous close, and it jumped 33.35 percent YTD.
The leading online food delivery company reported total revenue of US$1.2 billion in Q2, an increase of 83 percent YoY. It released its quarterly earnings figures on August 12. Its net loss for the period was US$102 million. The marketplace gross order value surged to US$10.5 billion, up 70 percent YoY.
The market cap of the company is US$61.7 billion, the forward P/E one year is -163.19, and its highest and the lowest 52-week stock prices were US$256.09 and US$110.13, respectively.
Uber Technologies, Inc. (NYSE:UBER)
The company runs the online food delivery platform Uber Eats. The stock traded at US$41.275 at 10.26 am ET on August 17, down 0.48 percent from the August 16 closing price. The stock declined 19.51 percent YTD.
The total revenue of the online services company in Q2 was US$3.9 billion against US$1.9 billion in the same period the previous year. The gross profit for the period was US$1.3 billion against US$594 million in Q2 of last year. The net income was US$1.1 billion against losses of US$1.7 billion in the previous year.
The market cap of UBER is US$77.3 billion, the forward P/E one year is -153.70, the EPS is US$-0.64, and the 52-week highest and the lowest stock prices were US$64.05 and US$28.48, respectively.
Blue Apron Holdings, Inc (NYSE:APRN)
The stock of the online food delivery service company traded at US$4.075 at 10.37 am ET on August 17, up 1.62 percent. The stock fell 27.55 percent YTD.
The total profit of the company in Q2 was US$124 million against US$131 million in Q2 the previous year. The gross profit for PARN in Q2 was US$46.5 million compared to US$53.2 million in Q2 the previous year. The net loss was US$18.6 million against a net income of US$1.1 million in Q2 last year.
Also read: Five interesting e-commerce stocks to watch post-covid
Its market cap is US$95 million, the EPS is US$-3.49, and the 52-week highest and the lowest stock prices were US$12.35 and US$3.54 respectively.
Bottomline
The online food delivery companies expect lower orders, revenue, and profit in the upcoming quarters. As the economy opens up from covid downturn and people start eating out, online orders are expected to fall.
