Pizza Hut, Yum’s other restaurant chain, already fills more than 100 million delivery transactions each year in the U.S. and manages a fleet of drivers, according to the release.
Pizza Hut’s U.S. President Artie Starrs will join GrubHub’s GRUB, +30.45% board in a newly created seat, expanding it to 10 members from nine.
At Wednesday’s closing price of $69.91, $200 million would buy about 3.3% of the shares outstanding, which would make Yum the 11th-largest shareholder, according to FactSet data.
“This will be an exclusive partnership, and according to the release, GrubHub will be integrated into the POS,” said Mizuho analysts.
“This is a major win for GrubHub as it will likely be accompanied by a joint marketing campaign during the rollout phase.”
GrubHub reported adjusted earnings per share of 37 cents on sales of $205.1 million.
Global same-store sales rose 2% with 3% growth at KFC, a 1% rise at Pizza Hut and a 2% lift at Taco Bell.
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