Olo’s Order, Pay, and Engage solutions work together to create a Guest Data Flywheel—helping brands leverage mission-critical known guest data to drive business momentum and create a faster path to profitable growth. Many people think that delivery represents every digital transaction in the restaurant industry and that every consumer has migrated to delivery. But the reality is delivery is a small chunk of off-premise sales, Glass said. The pandemic highlighted the importance of having a robust digital business and it opened the door for online ordering players to promote their services. It faces dozens of online ordering solutions such as Lunchbox and Toast that are competing for a restaurant’s online ordering businesses. According to the Wall Street Journal, Toast is also planning an initial public offering.

But unlike other recent splashy IPOs like DoorDash, digital ordering platform Olo is flying under the radar. We’ve gained access to valuable insights like GLV, which enable us to not only customize the dining experience but also to tailor our culinary innovation and growth to the preferences and desires of our guests. The speed to market and the true partnership that we’ve fostered over this short time have made Carl’s Jr. and Hardee’s digitally relevant. As we look toward the future and define our roadmap, we can count on Olo. The Zacks rating relies solely on a company’s changing earnings picture.

Earnings Estimate Revisions for Olo

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, personal finance education, top-rated podcasts, and non-profit The Motley Fool Foundation. Olo in New York provides an on-demand interface for the restaurant industry, designed to drive digital ordering and delivery for restaurant brands. But broadly, the number of total industry transactions is not fixed. It’s expanding with population growth and greater preference for prepared food, off-premises consumption, and digital ordering.

More helpful resources for enterprise brands

Scale and protect your digital business with our comprehensive payment platform, proven to drive sales, reduce fraud, and simplify payment processes. Offer Borderless checkout, mobile wallets, and card-on-file support for added convenience. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a ‘Strong Buy’ rating and the next 15% get a ‘Buy’ rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

Restaurant growth starts here

Hear how enterprise brands like Freddy’s Frozen Custard & Steakburgers, Kahala Brands, and CKE are able to eliminate complexity and streamline operations. Power business decisions, campaigns, and growth with a restaurant-specific GDP. Grow revenue, guest data, and staff satisfaction with kiosk and QR code ordering. Whether you’re looking to migrate or integrate, Olo has the solutions and integrations you need to go further, faster in your digital journey.

Culver’s, Krystal, and Nando’s U.S. Union Square Hospitality also expanded its relationship with Olo, “demonstrating that on-demand commerce can play an important role in fine-dining establishments,” the company said. 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. 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. A new food tech disruptor is making its Wall Street debut Wednesday.

While sizable, Blue chip stock list it fits into the roughly 60 billion transactions processed each year by restaurants. While the hospitality industry is still in the early innings of its digital transformation, we remain committed over two decades later to helping restaurants increase orders, streamline operations, and improve the guest experience. Ultimately, we want every guest to feel like a regular with every single restaurant interaction, no matter the size or the complexity of the restaurant brand. 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. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.

• QSR delivers timely and in-depth reporting on the $350 billion quick-service restaurant industry.
• The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, personal finance education, top-rated podcasts, and non-profit The Motley Fool Foundation.
• Olo, founded in 2005, can best be described as a digital ordering and delivery enabling platform for restaurants.
• The leading online ordering and delivery solution for top restaurant chains like Wingstop makes its stock market launch today.

For computer vision libraries every 100 parties seated, Host users save 30 minutes of manual work on average. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next days. The upgrade of Olo to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Glass was early to work with fast-casual brands like Sweetgreen, which has been lauded for its tech-forward approach. As diners is forex broker powertrend a reliable firm to trade with shifted to more off-premise ordering, Olo helped restaurants adapt. Olo, founded in 2005, can best be described as a digital ordering and delivery enabling platform for restaurants.

Or the idea of a waitlist where a guest can get an order queued up and then, when the restaurant seats them, the order heads back to the kitchen. Also, the concept of consumers being able to see a menu when making a reservation, and even perhaps placing an order tied to that reservation. Combined subscription and transaction fees charged on a per-location basis is defined as the average revenue per unit noted earlier. And thus, 100 percent of that unit’s order volume, when it opened, flowed through Olo.