The New York Post: Walmart, other big grocers said to be interested in buying Grubhub

Executives from Walmart and at least three other grocers have mulled acquiring food-delivery service Grubhub, The Post has learned.

Insiders at Walmart WMT, +1.03% , Kroger KR, +0.07% , Albertsons and Ahold-Delhaize, the owner of Hannaford and Stop & Shop, have been reviewing how buying the Chicago company could help them with food delivery and groceries, according to ex-Amazon executive and supply-chain consultant Brittain Ladd.

“I have spoken with executives from each company (especially Walmart) and there is interest in acquiring Grubhub,” Ladd told The Post in an email. “I believe the value of Grubhub to Walmart is that they could leverage Grubhub for delivering food and groceries,” said Ladd, who says he spoke with Walmart insiders about buying Grubhub as recently as last month.

On Thursday, Grubhub’s stock GRUB, +1.79% fell nearly 7% to $51.93 a share, a day after surging 12.5% on a Wall Street Journal report that said Grubhub has tapped advisors to help it review its strategic options, including a sale.

But the company, which owns food delivery company Seamless, has been on the auction block for months with no bidders, The Post reported Wednesday, citing a person with direct knowledge of the sale.

The dearth of bidders comes as Grubhub faces an onslaught of competition, including from tech giants Google GOOGL, +1.05% and Uber UBER, +0.12% , that have hammered sales.

In October, the company’s stock dropped 43% after company warned of an abrupt decline in third-quarter orders due to “promiscuous” diners flip-flopping between their growing food-ordering options.

“Acquiring GrubHub checks a couple of boxes for Walmart,” agreed DA Davidson analyst, Tom Forte. “I’ve long thought that Grubhub could apply its expertise beyond restaurants to grocery.”

GrubHub declined to comment for this story and Walmart could not immediately be reached for comment.

This report originally appeared on NYPost.com.