GRUBHUB INC. (NYSE:GRUB) Files An 8-K Results of Operations and Financial ConditionItem 2.02.Results of Operations and Financial Condition
This Form 8-K/A is being filed solely to correct typographical errors in the non-GAAP financial measures table reconciling net income to Adjusted EBITDA on page 7 of the Original Press Release as follows:
Guidance |
||||
Three Months Ended December 31, 2018 |
||||
Low |
High |
|||
(in millions) |
||||
Net income |
$ |
1.4 |
$ |
8.5 |
Income taxes |
0.6 |
3.5 |
||
Interest expense ̶ net |
2.0 |
2.0 |
||
Depreciation and amortization |
22.0 |
22.0 |
||
EBITDA |
26.0 |
36.0 |
||
Acquisition and restructuring costs |
||||
Stock-based compensation |
14.0 |
14.0 |
||
Adjusted EBITDA |
$ |
40.0 |
$ |
50.0 |
The information in this Item 2.02 is intended to be furnished to Item 2.02 of Form 8-K, “Results of Operations and Financial Condition” and shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section, norshall it be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
About GRUBHUB INC. (NYSE:GRUB)
Grubhub Inc. (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices. The Company’s target market is primarily consists of independent restaurants. Diners can access the platform through www.grubhub.com and www.seamless.com. The Company offers diners access to the network through its mobile applications designed for iPhone, iPad, Android, iWatch and Apple TV devices. The Company provides a corporate program that helps businesses address problems in food ordering and associated billing. In certain markets, the Company also provides delivery services to restaurants on its platform that do not have their own delivery operations. Allmenus.com and MenuPages.com provide an aggregated database of approximately 380,000 menus from restaurants.