Waitr Holdings Inc (NASDAQ:WTRH), leader in on-demand food ordering and delivery on 22nd July announced partnering with Boston Market, a company with over three decades of record of delivering home style meals at a convenient value in more than 330 U.S. locations.
Waitr and Bite Squad will commence delivery from across locations of Boston Market in the country.
Boston Market is a recent phenomenon adding Waitr and Bite Squad in 2021, while Waitrhas brought new service for a number of towns and cities in the year.
Carl Grimstad, CEO and Chairman of Waitr, said that augmenting restaurant variety and collaborating with top restaurants demonstrates commitment to communities and customers. Grimstad added that the moves have bolstered market presence in the sector.
Boston Markets is reputed in rotisserie cooking, as it makes fresh chicken and USDA choice Prime Rib in signature rotisserie ovens. It also launched a new dessert menu which includes single-serving sweets and larger shareable indulgences.
Rosie Davenport, VP, Off-Premise & Virtual Sales for Boston Market, said that addition of Waitr delivery adds another part of convenience for customers wanting a homestyle meal as well as desserts from the comfort of homes.
Founded in 2013 and headquartered in Louisiana, Waitr operates online ordering technology platform, giving delivery, carryout as well as dine-in options.
Market Reaction:
On Thursday, WTRH stock gained 0.61% to $1.65 with more than 3.46 million shares, compared to its average volume of 2.80 million shares. The stock had moved within a range of $1.6100 – 1.7800 after opening the trade at $1.69. Over the past 52-week, the stock has been trading within a range of $1.4100 – 5.8500.
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