Investor Alert: Kaplan Fox Investigates Waitr Holdings Inc. (Nasdaq: WTRH)

NEW YORK, Sept. 27, 2019 /PRNewswire/ -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) has been investigating claims on behalf of investors who purchased shares of Waitr Holdings Inc. ("Waitr" or the "Company") (Nasdaq: WTRH), a Lake Charles, Louisiana-based operator of an online food ordering and delivery platform.

On August 8, 2019, Waitr reported its financial and operating results for the second quarter of 2019.  Waitr reported quarterly revenue of $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.

On August 9, 2019, Benchmark issued a research report titled "Waitr Minute . . . What Just Happened? PT $8" that stated, in part, the following: "Under the heading of "you can't make this stuff up," Waitr Holdings (WTRH:Buy, PT from $18 to $8) missed 2Q revenues, guided annual revenues down by 15% due to a combination of competitive pressures and distractions from the Bite Squad integration and replaced Founder and CEO Chris Meaux with the former head of Homer Logistics Adam Price, who went from being hired as Chief Logistic Officer in February to COO in June to now CEO."

If you purchased Waitr shares, and would like to discuss our investigation, please contact us by emailing jcampisi@kaplanfox.com or by calling 800-290-1952. 

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has decades of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about your rights or interests, please contact:

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
E-mail: jcampisi@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400
San Francisco, California  94104
(415) 772-4700
Fax:  (415) 772-4707
E-mail: lking@kaplanfox.com

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SOURCE Kaplan Fox & Kilsheimer LLP