Online food delivery giant Just Eat Takeaway.com raises its earnings guidance for 2023

Online food delivery giant Just Eat Takeaway.com has raised its earnings guidance for 2023 despite seeing another steep fall in orders.

The Anglo-Dutch firm said order numbers dropped by 11 per cent in the UK and Ireland over the first quarter of the year and were down by 14 per cent across the group. By gross transaction value (GTV), orders fell 6 per cent in the UK and Ireland and 8 per cent overall. Just Eat said that while the declines were “significant”, it is ahead of plan to boost profitability and increased its outlook for the year, forecasting underling earnings of around 275m euros (£243m).

It had previously guided for around 225m euros (£198m) in earnings.

Hide Ad
Hide Ad

Jitse Groen, chief executive of Just Eat Takeaway.com, said: “Just Eat Takeaway.com continues to recover from last year’s deceleration, with the northern Europe and the UK and Ireland segments leading the trend."

Related topics: