Waitr Holdings, Inc. (NASDAQ: WTRH) is an operator of an online ordering platform and delivery service option available to consumers who are interested in having local items from stores and restaurants delivered directly to their door. The company also owns and operates wholly-owned subsidiaries, Bite Squad and Delivery Dudes, which have helped expand Waitr’s market reach. Shares of the food delivery company shot up 73% during trading on Wednesday, July 6, 2022. Over the past three months, Waitr has seen average daily volume of 2.71 million shares. However, volume of 114.65 million shares or dollar volume of around $30.96 million, exchanged hands during the day’s trading.
Shares of Waitr Holdings surged after the company announced it has expanded its delivery options through a new national collaboration agreement with 7-Eleven, one of America’s most popular convenience stores with over 13,000 locations across North America.
Waitr, along with its Bite Squad and Delivery Dudes brands, will be able to deliver from more than 700 7-Eleven locations. The online ordering and delivery service currently operates is over 1,000 cities across the United States and maintains a restaurant membership of over 26,000 on its platform.
“The addition of 7-Eleven to our platform represents the newest example of our ongoing commitment to expand into new delivery verticals,” said Carl Grimstad, CEO and Chairman of the Board of Waitr. “This partnership creates a new level of convenience for our customers. Effective immediately, we will be able to deliver your favorite food and snacks from hundreds of 7-Eleven locations directly to you.”
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