The leading online ordering and delivery solution for top restaurant chains like Wingstop makes its stock market launch today. 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. 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, top-rated podcasts, and non-profit The Motley Fool Foundation. Discover how to maximize your restaurant revenue across channels, unlock actionable guest data, and grow your business with this comprehensive direct ordering ebook.
- 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.
- The company was founded in 2005 and is headquartered in New York, NY.
- Keep operations running smoothly by tracking online orders from anywhere in your restaurant—back-of-house with Dashboard or front-of-house with Expo.
- Maximize profitability, streamline operations, and meet guests where they are with our powerful ordering platform.
- Control your menu, item availability, pricing, and store hours from a single dashboard with brand- and location-level settings.
This is less costly than being listed on a delivery marketplace because commission fees for restaurants are less per order. 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 https://forex-review.net/ 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. Olo’s technology has since adapted to meet the demands of today’s convenience-seeking consumer.
Olo (online ordering)
Create a free account to gain access to news, analysis, and real-time alerts on the stocks you follow. 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. Enable guests to scan a QR code to access your menu, place an order, and pay for a meal, all from their own mobile device. Keep operations running smoothly by tracking online orders from anywhere in your restaurant—back-of-house with Dashboard or front-of-house with Expo.
Guests get the freedom of choice, while you maintain full data ownership to power business decisions and growth. 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. Think of Olo as having the universal key that unlocks dozens questrade forex of doors, or tech solutions, used by restaurants. 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.
Olo Technical Details
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 in New York provides an on-demand interface for the restaurant industry, designed to drive digital ordering and delivery for restaurant brands. “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. “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. Investors outside the restaurant industry might not know much about Olo, but rest assured they will learn a lot by the end of Olo’s IPO day.
Unlike third-party delivery providers, Olo’s prime mission is to drive digital orders through a restaurant’s own branded channels. 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. 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… 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.
The company’s strategy is to work with large, well-capitalized national chains – the “fastest-growing restaurant brands in the industry,” according to Olo’s S-1 filing. 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. Increase direct sales with our secure, fast, and reliable ordering platform, built to integrate with your systems and meet guests where they are.
This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Grow and protect your digital business with our payment platform, proven to drive sales, reduce fraud, and simplify payment processes. Offer a unique, direct ordering experience that gives guests the ability to order now or later from any platform, including Google, using their preferred handoff method.
Information Technology Stocks Moving In Wednesday’s After-Market Session
Meet the expectations of today’s digital-first guests by offering seamless checkout, digital wallet support, and industry-high authorization rates. Power business decisions, campaigns, and growth with our Guest Data Platform, purpose-built for restaurants. Dispatch enables restaurants to accommodate delivery orders through their own website or app.
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. Thoughtfully greet and serve dine-in and takeout guests with our all-in-one waitlist, reservation, order, and table management tool. For every 100 parties seated, Host users save 30 minutes of manual work on average. As of December 31, 2019, 44% of Olo’s customers used all three of its modules.
Olo Inc (OLO) Reports 22% Revenue Growth and 33% Increase in ARPU in Q3 2023
Glass’ mobile ordering technology pre-dates the iPhone as early technology made text messaging orders between consumers and restaurants possible. 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.
On average, brands see a 108% higher conversion rate with our ordering app. 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.
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Monitor performance, process refunds, check order statuses, and more. 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 for investors to buy right now… In DoorDash’s first earnings call on Thursday, the leading third-party delivery operator posted a net loss of $312 million in the fourth quarter of 2020, compared to a loss of $134 million in the same period last year. 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.