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TOP NEWS: Just Eat To Meet Annual Views, Quarterly Revenue Jumps

Thu, 01st Nov 2018 08:36

LONDON (Alliance News) - Just Eat PLC on Thursday reported double digit revenue growth for the third quarter and said that revenue for 2018 is expected to be at the top end of GBP740 million to GBP770 million guidance range.

The FTSE 100-listed online takeaway marketplace also said that underlying earnings before interest, taxes, deprecation and amortisation for the year is predicted at the lower end of GBP165 million to GBP185 million guidance range.

The company attributed its earnings expectations to investments in Latin American markets and delivery initiatives.

For the three months to the end of September, the company's reported revenue increased 41% to GBP195.3 million from GBP138.6 million the year before, driven by strong order growth of 27% to 54.7 million from 43.1 million.

In the UK, orders increased by 16% to 30.3 million from 26.2 million, while Canadian food delivery business SkipTheDishes saw high growth during the period with the launch of multi-language capabilities and expansion within Canada into Quebec.

"The group has delivered another strong quarter as we helped our 97,000+ restaurant partners serve over 54 million takeaways to millions of hungry customers. Our increased investments in delivery, brand and data are already taking the Just Eat brands to more customers, making it easier for them to order from a widening choice, ensuring their takeaway moments are even more enjoyable," said Chief Executive Peter Plumb.

Shares in Just Eat were up 1.9% at 619.20 pence on Thursday.

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17 Apr 2024 11:16

Just Eat shares drop as Q1 orders disappoint

(Sharecast News) - Shares in Just Eat dropped sharply on Wednesday after the food delivery marketplace delivered underwhelming order numbers for the first quarter, though revenue growth picked up sharply in the UK and Ireland.

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28 Feb 2024 07:43

Just Eat guides to strong profit growth in 2024

(Sharecast News) - Takeaway group Just Eat delivered adjusted profits ahead of its own forecasts for 2023 and predicted a 39% jump in earnings this year as gross transaction value (GTV) excluding North America returned to growth.

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17 Jan 2024 07:46

Just Eat lifts full-year core profit outlook

(Sharecast News) - Just Eat Takeaway said on Wednesday that 2023 core profit was set to be ahead of guidance, following a strong fourth-quarter performance in Northern Europe and the UK and Ireland.

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26 Jul 2023 07:44

Just Eat delivers interim profit; CFO quits

(Sharecast News) - Meal delivery company Just Eat Takeaway.com swung to a profit at the half-year and said chief financial officer Brent Wissink would step down next May "to pursue other opportunities".

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21 Mar 2023 13:24

Just Eat to lay off 1,700 delivery drivers

(Sharecast News) - Food delivery firm Just Eat Takeaway is reportedly planning to axe around 1,700 delivery drivers amid a slowdown in demand.

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1 Mar 2023 08:11

Just Eat posts wider-than-expected FY loss

(Sharecast News) - Food delivery giant Just Eat Takeaway posted a wider-than-expected full-year loss on Wednesday despite seeing revenues increase due to increased spending levels.

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18 Jan 2023 08:51

Just Eat turns EBITDA positive in H2

(Sharecast News) - Food delivery giant Just Eat revealed on Wednesday that it had turned EBITDA positive in the second half of the year amid an increased focus on profitability during the period.

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16 Jan 2023 07:22

Just Eat partners with Sainsbury's for new delivery offering

(Sharecast News) - Food delivery group Just Eat has launched a new partnership with grocery giant Sainsbury's, marking the platform's second tie-up with one of the UK's "Big Four" grocers.

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17 Nov 2022 07:31

Just Eat agrees grocery deal with Getir

(Sharecast News) - Just Eat Takeaway.com has struck a Europe-wide partnership deal with Turkey's Getir, the grocery delivery firm.

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10 Jun 2022 07:50

Just Eat's US wing attracts interest from private equity firms

(Sharecast News) - Food delivery giant Just Eat's US wing has attracted preliminary interest from private equity firms, including Apollo Global Management.

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20 Apr 2022 08:47

Just Eat considers sale of Grubhub as orders dip

(Sharecast News) - Just Eat said on Wednesday that it was considering the partial or full sale of Grubhub as it reported a dip in first-quarter orders and cut its guidance for the full year.

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2 Mar 2022 08:22

Just Eat loss smaller than expected, to exit Norway Portugal

(Sharecast News) - Meal delivery company Just Eat Takeaway.com, reported a smaller-than-expected annual loss core loss on Wednesday and said it was exiting Norway and Portugal

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8 Feb 2022 08:36

Just Eat to delist shares from Nasdaq

(Sharecast News) - Food delivery platform operator Just Eat Takeaway revealed on Tuesday that it will delist its shares from the Nasdaq as part of an effort to cut both costs and regulatory burdens.

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12 Jan 2022 08:47

Just Eat FY orders and gross transaction value increase in 2021

(Sharecast News) - Online food delivery platform operator Just Eat Takeaway said on Wednesday that orders grew 33% year-on-year in 2021 to 1.1bn and gross transaction value increased 31% to €28.2bn.

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25 Oct 2021 10:32

Cat Rock Capital urges Just Eat Takeaway.com board to sell or spin-off Grubhub by end of year

(Sharecast News) - Investment firm Cat Rock Capital Management has sent a letter to the board of Just Eat Takeaway.com, urging it to sell or spin-off Grubhub by the end of the year in order to refocus the business and address the "deep and damaging undervaluation" of its equity.

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