NEW YORK, NY / ACCESSWIRE / August 3, 2017 / Groupon and GrubHub announced a partnership this week where GrubHub's 55,000 restaurant partners will be on Groupon's platform for food deliveries. Shares of Groupon exploded on Wednesday as a result of a more profitable second quarter and perhaps the partnership news. GrubHub didn't fare so well in yesterday's trading and had a slight close in the red as investors anticipated today's earnings report the company will be releasing.

RDI Initiates Coverage on:

Groupon, Inc.
https://ub.rdinvesting.com/news/?ticker=GRPN

GrubHub Inc.
https://ub.rdinvesting.com/news/?ticker=GRUB

Groupon, Inc.'s shares closed up 9.30% on Wednesday with over 32 million shares traded. Average trading volume for the stock is a little under 8 million shares. The Chicago-based daily deal company posted a loss of 2 cents in its second quarter report. Earnings adjusted for one-time gains and costs were 2 cents per share. This was ahead of what analysts had called for which had traders excited. Revenue was, however, a miss at $662.6 million compared to $669.5 million expected. The company's profitability for the quarter may have been the reason for the big gains. Groupon stated, "Our focus is to maximize gross profit, which may come at the expense of revenue. This emphasis includes an increasing shift toward offerings in our higher margin, more differentiated Local category, from our Goods category." The gains may also have been a result of Monday's big announcement of a partnership with GrubHub.

Access RDI's Groupon, Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=GRPN

GrubHub Inc.'s shares closed down 1.19% yesterday with a little over 2 million shares traded. The company is expected to report its second quarter 2017 earnings results today. In the last quarter, the company had posted a positive earnings surprise of 26.3%. The company announced on Monday that it has partnered up with deal website Groupon where U.S. customers will be able to order food delivery from GrubHub's restaurant partners on the Groupon platform. The company has 55,000 restaurant partners on it. CEO of Groupon had stated, "We're thrilled to join forces with GrubHub to vastly expand the number of food delivery options available through our marketplace. This partnership connects two of the biggest players in local commerce and is a win for both consumers and restaurants by providing people with more savings and access to the food they want when they want it."GrubHub CEO Matt Maloney said that Groupon's "massive, active mobile audience - and great savings opportunities - will help drive new customers and more order volume for our restaurant partners."

Access RDI's GrubHub Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=GRUB

Our Actionable Research on Groupon, Inc. (NASDAQ: GRPN) and GrubHub Inc. (NYSE: GRUB) can be downloaded free of charge at Research Driven Investing.

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