GrubHub's Ups Sales Outlook After Completion Of Acquisition

MarketWatch Pulse

GrubHub Inc. increased its sales outlook slightly to include the impact of the acquisition of Restaurants on the Run, which the company said was completed on Monday. The online food-ordering company said it now expects first quarter revenue in the range of $84 million to $86 million, compared with its previously-provided guidance of $83 million to $85 million, and the FactSet consensus analyst estimate of $84.8 million. For 2015, the company raised its estimate to $343 million to $358 million from $335 million to $350 million, surrounding the FactSet consensus of $348.4 million. GrubHub's stock edged up 0.1% in morning trade. It has rallied 17% in the past three months, compared with a 1.9% gain in the S&P 500.

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