We are investigating Waitr Holdings, Inc. (WTRH) (“Waitr” or the “Company”) for potential violations of the federal securities laws.
On August 8, 2019, Waitr reported its financial and operating results for the second quarter of 2019. Waitr reported quarterly revenue of only $51.3 million, significantly short of the consensus estimate of $53.76 million, and lowered its fiscal year 2019 revenue guidance to a range of $210 to $220 million. In addition, Waitr announced the resignation of Christopher Meaux as the Company’s Chief Executive Officer, effective immediately. On this news, Waitr’s stock price fell $1.87 per share, or 49.73%, to close at $1.89 on August 9, 2019.