By Brandon Suffel Founder Breakfast at Midnight May 7,2020
As new unemployment numbers roll-in, stocks record gargantuan profits. Roku is doing just-fine; Uber on the other hand struggled in the first quarter. Papa Johns pizza slang more pies & delivered more pies than ever before.
Pizza delivery is more popular than ever. More Americans are ordering take-out & delivery service than ever before. In late March into early April, grocery stores and convenient stores were setting record-breaking numbers due to buyer panic.
Papa John’s recently claimed April was its best month, ever. They’ve also released a new acclaimed item on their menu: the Papadia flatbread. The new menu item and high-demand for delivery attains to Papa John’s recent commendation.
$PZZA went bullish immediately after the opening bell and before the closing bell rang. $PZZA was up $3.91 (+5.08%) in trading hours; however fell $0.21 (-0.26%) in AH. $PZZA has continued the upward trajectory & momentum bullish investors idolize.
Roku recorded a total net revenue growth of 55% YoY to $321 million. Gross profits are up 40% YoY to $141 million. And most importantly, Roku’s welcomed 2.9 million active accounts, reaching a total of 39.8 million. Since March, streaming hours grew 1.6 billion to a record breaking 13.2 billion.
Uber services declined in the past quarter. Although the ride service struggles, Uber’s food delivery component of the company grows.
Uber’s net revenue grew 14% from a year earlier to $3.54 billion. Analysts estimated a net revenue of $3.51 billion. Though Uber thwarted analysts forecasts, the company posed a net loss of $2.9 billion in Q1.
Since March, Uber’s had to let go of employees, almost 14% of its workforce, in order to regulate expenses in ominous events.