Waitr Holdings’ Average Daily Orders (2018-2022)

This statistic highlights Waitr Holdings’ Average Daily Orders, reported on a quarterly basis from Q1 2018 onwards.

Waitr Inc. is a US-based online and mobile food ordering and delivery service-based company founded in 2013. It started in Lake Charles, Louisiana, where Christo developed it with2 the help of McNeese State University. Waitr, alongside currently obtained meals shipping employer Bite Squad, connects nearby eating places to hungry diners in underserved U.S. markets.

Waitr Holdings’ Average Daily Orders

(All figures are in thousands)

Average Daily Orders

Waitr Holdings’ Average daily orders decreased from $39.88 thousand in Q3 2020 to $30.56 thousand in Q3 2021, marking a decline of 23.37% ($9.32 thousand) on a year-on-year basis. Quarterly, the orders witnessed a fall of 3.26% ($1.3 thousand) from $39.88 thousand in Q3 2020 to $38.58 thousand in Q2 2021.

In 2020, Waitr Holdings’ Average daily orders dipped from $44.24 thousand in Q2 2020 to $39.88 thousand in Q3 2020, marking a decrease of 9.86% ($4.36 thousand). This was followed by a slight fall in daily orders to $39.07 thousand in Q4 2020, accounting for a decline of 2.03% ($0.81 thousand).

In 2021, there was again a decline of about 3.69%, as Waitr Holdings’ average daily orders decreased to $37.63 thousand in Q1 2021. However, this was further followed by a growth of 2.52% ($0.95 thousand) as it increased to $38.58 thousand in Q2 2021. The daily orders were reduced by 20.79% ($8.02 thousand) from $38.58 thousand in Q2 2021 to $30.56 thousand in Q3 2021.

On an overall analysis, the average daily orders increased from $16.99 thousand in Q1 2018 to $37.63 thousand in Q1 2021, accounting for an incline of 121.48% ($20.64 thousand) in a span of 3 years. Further, it can be seen that the average daily orders witnessed several fluctuations in the total tenure. It is evident from the fact as the average daily orders sharply increased from $21.86 thousand in Q4 2018 to $57.25 thousand in Q1 2019, marking a huge incline of 161.89% ($35.39 thousand). This was followed by a downward trend in the average daily orders which reduced to $30.56 thousand in Q3 2021 gradually, making a massive decline of 46.62% ($26.69 thousand).

About the Company

Waitr Holdings Inc. operates an online food ordering and delivery platform, that connects local restaurants with hungry food lovers in cities across the United States.

The company acquired BiteSquad.com, LLC (“Bite Squad”) in 2019, an online food ordering and delivery platform with operations similar to those of Waitr. The Company connects diners and restaurants through Waitr’s website and mobile application (the “Waitr Platform”) and Bite Squad`s website and mobile application. The Platforms are a convenient way to find, order, and receive great food from local restaurants and national chains. As of December 2019, it operates in small and medium-sized markets throughout the United States, covering more than 640 cities.

Waitr’s business is built with a restaurant-first philosophy, providing differentiated and brand additive services to the restaurants on the Platforms. Waitr Holdings primarily generates revenue when customers place orders on either of the platforms. The company’s revenue primarily consists of transaction fees, including fees received from the restaurant (determined as a part of total food sales, fewer promotions, or customer refunds) and the restaurant fees charged to the customers when they request the order to be delivered to their location. Revenue from restaurant orders is recognized only when the order is delivered. Restaurants are benefiting from online platforms by increasing exposure to the consumers to increase activity in the takeout and delivery markets. For diners, Waitr optimizes the journey from restaurant discovery and food to delivery, while offering a variety of restaurant choices and a great customer experience. It is an intuitive and easy-to-use platform that allows consumers to go through local restaurants and menus, track order and delivery status, and securely store previous orders for optimal use and their convenience. The company is traded at the NASDAQ under the ticker symbol WTRH.

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