Unlike third-party delivery providers, Olo’s prime mission is to drive digital orders through a restaurant’s own branded channels. Grow digital orders with confidence, knowing your payment solution can keep up. Built to scale with your brand, Olo Pay offers support for high-volume transactions and flexible payment schedules. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. Power business decisions, campaigns, and growth with our Guest Data Platform, purpose-built for restaurants.
Olo currently works with 400 brands across 64,000 restaurant locations, playing an integral part of a chain’s digital ordering channels. Clients include Wingstop, Applebee’s, Chili’s, Denny’s, Five Guys Burgers & Fries, Jamba, Noodles & Company, Shake Shack, Sweetgreen, Red Robin, Dairy Queen, and Cracker Barrel. The company plans to raise $450 million by offering 18 million shares at $25 a share under the NYSE ticker «Olo.» That’s up from a previous range of $16 to $18 a share set earlier this month. To catch full episodes of all The Motley Fool’s free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks.
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- The company was founded in 2005 and is headquartered in New York, NY.
- Shares of Olo Inc. plummeted 32.3% toward a record low in premarket trading Friday, after the restaurant-ordering technology company’s disappointing second-quarter results and outlook prompted Stifel Nicolaus analyst Brad…
- Wingstop, whose key food ordering and delivery providers are DoorDash and Olo, posted more than $1 billion in digital sales in 2020, a company record.
«Restaurant brands rely on Olo to increase their digital and in-store sales, maximize profitability, establish and maintain direct consumer relationships, and collect, protect, and leverage valuable consumer data,» Olo wrote in its S-1 filing. «Growing consumer demand for convenience has made off-premise consumption, which includes take-out, drive-thru, and delivery orders, the single largest contributor to restaurant industry growth,» the company wrote in a regulatory filing. Scale and protect your digital business with our comprehensive payment platform, proven to drive sales, reduce fraud, and simplify payment processes.
Olo Competitors
Its Ordering module provides chains a white label direct-to-consumer ordering channel. So when a customer orders pickup from Wingstop’s app or website, Olo is powering that service. A new food tech disruptor is making its Wall Street debut Wednesday. But unlike other recent splashy IPOs like DoorDash, digital ordering platform Olo is flying under the radar.
For every 100 parties seated, Host users save 30 minutes of manual work on average. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. David and Tom just revealed what they believe are the ten best stocks bitcoin cfd for investors to buy right now… That’s right — they think these 10 stocks are even better buys. As of December 31, 2019, 44% of Olo’s customers used all three of its modules. Olo’s platform processes an average of about 1.8 million orders a day.
Dispatch enables restaurants to accommodate delivery orders through their own website or app. This is less costly than being listed on a delivery marketplace because commission fees for restaurants are less per order. Wingstop, whose key food ordering and delivery providers are DoorDash and Olo, posted more than $1 billion in digital sales in 2020, a company record. Olo’s technology has since adapted to meet the demands of today’s convenience-seeking consumer. Glass’ mobile ordering technology pre-dates the iPhone as early technology made text messaging orders between consumers and restaurants possible.
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Building a branded online ordering experience shouldn’t be hard.Discover why traditional restaurant brands and virtual concepts rely on our powerful ordering platform to maximize profitability, streamline operations, and meet guests where they are. Olo, Inc. engages in the provision of cloud-based, on-demand commerce platform for multi-location restaurant brands. The company was founded in 2005 and is headquartered in New York, NY. Olo’s platform marries restaurants with a vast and complex vendor market. In totality, Olo’s platform integrates with more than 100 restaurant technology solutions such as POS systems, delivery aggregators, payment processors, and loyalty programs.
Meet the expectations of today’s digital-first guests by offering seamless checkout, digital wallet support, and industry-high authorization rates. That is, until August 2022, when Olo announced that Subway was leaving and downgraded its outlook for the year. The revelation sent Olo’s stock price down by 36%, to $8.26 per share, wiping out more than $480 million of shareholder value. Exchange-traded funds that let investors bet on energy prices and stocks are among the most popular offerings judging by their considerable trading volume, but some of these funds have been slammed by the severe correction…
New York-based Olo provides online ordering, payments and other services for large restaurant chains. Since going public in March 2021, it has consistently reported double-digit revenue growth, but its stock has yet to recover from the blow of losing Subway. In November, the company announced the departure of another big client, the 1,800-unit Wingstop chain, which is switching to an in-house tech system this year. Olo in New York provides an on-demand interface for https://bigbostrade.com/ the restaurant industry, designed to drive digital ordering and delivery for restaurant brands. Easily manage payments at scale using the same platform as your digital ecosystem.Olo Pay works on your behalf to drive direct digital sales, prevent fraud, and streamline day-to-day payment processes. Learn how a fully-integrated, restaurant-centric payment platform can help you drive sales, improve operations, reduce fraud, and simplify day-to-day payment processes.
If approved by a judge, the class-action settlement agreement filed earlier this month would bring a payout for investors who acquired Class A common Olo stock between March 17, 2021 and Aug. 11, 2022. It estimates that class members would receive 4 cents per share after attorney’s fees and expenses are accounted for. But by the end of the year, Olo had learned that there was a chance Subway could stop using its technology, and even factored that possibility into its guidance for 2022. However, Olo didn’t disclose the Subway situation to investors, and continued to tout location growth as the year progressed.
Olo stock price target cut to $8 from $12 at Truist
Shares of Olo Inc. plummeted 32.3% toward a record low in premarket trading Friday, after the restaurant-ordering technology company’s disappointing second-quarter results and outlook prompted Stifel Nicolaus analyst Brad… Olo projects its «addressable market opportunity is $7 billion» as the pandemic fueled the acceleration of new kinds of contactless digital ordering for both dine-in and takeout customers, the company stated in its IPO paperwork. Learn why (and how) leading brands are focusing on building a restaurant tech stack that digitizes every transaction, captures more data, and grows guest lifetime value. Enable direct delivery at scale with all the right controls to streamline operations and enhance the guest experience. Expand your reach with direct and marketplace delivery via our integrated network covering 99.9% of the U.S.
Olo (online ordering)
Offer Borderless checkout, mobile wallets, and card-on-file support for added convenience. According to the lawsuit, in August 2021, Olo said that there were 74,000 restaurant locations using its technology, including about 15,000 Subway stores, an overall 30% increase from the prior year. The growth helped boost Olo’s stock to an all-time high of more than $45 per share.
See all the ways Olo can help you go digital
Control your menu, item availability, pricing, and store hours from a single dashboard with brand- and location-level settings. Encourage guests to order more, and more frequently, with upsells, featured items, and LTOs. Olo Inc. disclosed Monday that the expected pricing of its initial public offering has increased to a range of between $20 and $22 a share from between $16 and $18 a share.