THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
RETAIL INSIGHTS
RETAIL SOLUTIONS
Future of Retail Marketing 2020
Omnichannel Transformations 2020
The HR Summit 2020
The Future Of AI in Retail Conference 2020
Omnichannel Futures Conference 2021
The Omnichannel Journey
Optimizing Workforce Management
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Just Eat revenues up 46% in first quarter

Just Eat, the marketplace for online food delivery, has reported that revenues grew by 46% to £118.9 million in its first quarter. In the three months… View Article

FOOD & DRINK

Just Eat revenues up 46% in first quarter

Just Eat, the marketplace for online food delivery, has reported that revenues grew by 46% to £118.9 million in its first quarter.

In the three months to 31 March, total orders rose by 25% to 39 million on a like-for-like basis. UK orders were up 17% to 24 million in the period.

On a currency neutral, like-for like-basis, revenues grew by 40% driven by strong order growth, last year’s commission increases and the inclusion of Just Eat’s recent acquisition, SkipTheDishes.

Paul Harrison, Just Eat’s interim chief executive and chief financial officer, said: “Just Eat has enjoyed another period of strong growth. In addition to structural market growth, we are also seeing the benefits of ongoing investments in technology and marketing.”

The company has reiterated guidance given for full year 2017 revenues of between £480-495 million, and underlying EBITDA of £157-163 million.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News