Research Update: Grubhub Inc. Outlook Revised To Positive On Improving Cash Flow Metrics; 'CCC+' Issuer Credit Rating Affirmed - S&P Global Ratings’ Credit Research

Research Update: Grubhub Inc. Outlook Revised To Positive On Improving Cash Flow Metrics; 'CCC+' Issuer Credit Rating Affirmed

Research Update: Grubhub Inc. Outlook Revised To Positive On Improving Cash Flow Metrics; 'CCC+' Issuer Credit Rating Affirmed - S&P Global Ratings’ Credit Research
Research Update: Grubhub Inc. Outlook Revised To Positive On Improving Cash Flow Metrics; 'CCC+' Issuer Credit Rating Affirmed
Published Feb 06, 2025
9 pages (4085 words) — Published Feb 06, 2025
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

(Editor's note: On Feb. 11, 2025, we republished this article, originally published on Feb. 6, 2025, to correct an incorrect description of the outlook in the ratings list. A correct version follows. Grubhub?s free operating cash flow (FOCF) turned positive through the first three quarters of 2024, with S&P Global Ratings-adjusted leverage trending down toward 9x by the end of the year, and we expect additional deleveraging in 2025. In addition, the sale of Grubhub to Wonder Group Inc. from Just Eat Takeaway.com closed on Jan. 6, 2025, which could further improve operating performance through planned synergies and cost-cutting initiatives. Still, we expect Grubhub?s order volumes to continue to decline in 2025 and believe there are risks to integration with

  
Brief Excerpt:

...February 11, 2025 (Editor's note: On Feb. 11, 2025, we republished this article, originally published on Feb. 6, 2025, to correct an incorrect description of the outlook in the ratings list. A correct version follows....

  
Report Type:

Research Update

Ticker
GRUB
Issuer
Grubhub Inc.
GICS
Internet Retail (25502020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Grubhub Inc. Outlook Revised To Positive On Improving Cash Flow Metrics; 'CCC+' Issuer Credit Rating Affirmed" Feb 06, 2025. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Grubhub-Inc-Outlook-Revised-To-Positive-On-Improving-Cash-Flow-Metrics-CCC-Issuer-Credit-Rating-Affirmed-3321711>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Grubhub Inc. Outlook Revised To Positive On Improving Cash Flow Metrics; 'CCC+' Issuer Credit Rating Affirmed Feb 06, 2025. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Grubhub-Inc-Outlook-Revised-To-Positive-On-Improving-Cash-Flow-Metrics-CCC-Issuer-Credit-Rating-Affirmed-3321711>
  
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