GrubHub beats by $0.05, beats on revs; guides Q2 revs in-line; raises FY17 a bit :
- Reports Q1 (Mar) earnings of $0.29 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of $0.24; revenues rose 39.1% year/year to $156.1 mln vs the $152.97 mln Capital IQ Consensus; EBITDA $42.7 mln vs. $37-42 mln guidance
- Active Diners were 8.75 million, a 26% year-over-year increase from 6.97 million Active Diners in the first quarter of 2016.
- Daily Average Grubs (DAGs) were 324,600, a 21% year-over-year increase from 267,800 Daily Average Grubs in the first quarter of 2016. Gross Food Sales were $898 million, a 26% year-over-year increase from $713 million in the first quarter of 2016.
- Co issues in-line guidance for Q2, sees Q2 revs of $153-161 mln vs. $157.88 mln Capital IQ Consensus Estimate; EBITDA $38-44 mln
- Co issues in-line guidance for FY17, sees FY17 revs of $632-662 mln vs. $644.17 mln Capital IQ Consensus Estimate; EBITDA $170-190 mln from $165-190 mln.
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