Grubhub's (NYSE: GRUB) stock has tumbled 30% over the past year as growth decelerated, profits plunged, and market share was chipped away by rivals like DoorDash. The food delivery company didn't offer investors any clear turnaround plans and warned that its growth would continue to decelerate as it ramped up its spending.
However, Grubhub recently unveiled a new software platform to integrate all of a restaurant's ordering channels onto a single system. The "Ultimate" platform includes a point of sale (POS) system that integrates into Grubhub's apps, a kitchen display system for employees, in-store self-operating kiosks for customers, and a heads-up customer display for viewing real-time order estimates.
Image source: Grubhub.