Great quarter, Brewers. We don’t have earnings to report, so we’re feeling a little left out. Here’s your hand-crafted Brew for April 28th
Sure, some of the world’s most valuable companies reported earnings yesterday. But, they’re not what we’re excited about today. Well, most excited*. We’ve got all of it covered below.
First things first……We’re here to talk pizza (…and tacos…and burgers). Domino’s Pizza (+2.54%) reported a massive profit surge of 37.4%, with U.S. same-store sales increasing 14.1%.
Chicago-based GrubHub also reported a massive revenue spike Thursday, which beat analysts’ expectations by $3 million.
It ain’t luck, they’ve got a recipe for success
We’re not talking old-school delivery—no refrigerator menus or loud phone calls here. These are two companies that had the foresight to marry the worlds of tech and food. Yum.
Domino’s pizza tracker and zero-click ordering are favorites of the Brew Crew. (Who wouldn’t want to know exactly when their pizza hit the oven!) Spruced-up restaurants and a watch app don’t hurt, either.
And GrubHub, which owns Seamless, is a pure infrastructure play (that happens to do food). Its software connects hungry diners (you) to restaurants who want to serve them. It was only a matter of time, really. And you know what they say––324,000 orders a day keeps the bears away.
Now, others want to have their cake and eat it too
Americans spend $210 billion at restaurants every year, but delivery only gets $11 billion of that dough. Uber Eats, Amazon, Yelp and countless others are in the delivery race, too. We’ll take whoever can get to our front door the fastest.
Huff & co are reportedly interviewing some big names to be CEO Travis Kalanick’s right-hand-(wo)man.
Former Disney COO Thomas Staggs, former Wal-Mart information chief Karenann Terrell and CVS executive VP Helena Foulkes are all said to be considering the role—all of whom have solid resumes organizing large companies in similar roles.
It wouldn’t be Uber’s first time poaching a Fortune 500 exec. Jeff Jones of Target briefly served as president of ride-sharing, but he only lasted six months. As we know, board member Ariana Huffington joined Uber’s search party last month after a series of damning allegations from a former employee about her time at Uber.
We told you we would get to the tech giants. Here are the other important earnings reports from yesterday’s deluge:
Apple wants a piece of the payments pie and is said to be developing a Venmo competitor that would let iPhone users send payments to other iPhones.
Apple Pay hasn’t been a huge success, with only 5% of customers actually using the service. Money transfers could be more lucrative, though. PayPal-owned Venmo processed $6.8 billion worth of split tabs and rent payments last quarter alone. That’s a lot of kale salad…
Addicted to social media and glued to their phones. Or so we thought.
A new AP survey found that nearly 60% of teens in the U.S. have taken a break from social media. The study asked kids aged 13 to 17 about their online habits. Here’s more:
What is the difference between enterprise value and equity value? (Answer)
Hollywood makes it seem like tracking someone’s cellphone is easy—and accurate. But, in reality, current technology isn’t actually that precise, which results in about 10,000 deaths each year.
Three former FCC executives have invested in RapidSOS, a startup aiming to fix this problem. So far, they have pulled together $14 million for better emergency location technology.
$55,000: the price of one metric ton of cobalt. Used in batteries, the precious metal’s value has skyrocketed 70% this year as demand for electric vehicles grows.
