Orders increase for Deliveroo
By Sarah Wood | 19th April 2024
Deliveroo saw a rise in orders in the first quarter, thanks to strong overseas growth.
Online purchases from the food delivery service were up 2% to 73.5 million orders in the first three months of 2024, as reported by This is Money.
While UK and Ireland orders stabilised at 39.7 million, due to ongoing cost-of-living pressures, they were up 4% to 33.7 million for the rest of the world.
The total value of orders for the quarter was up 6% to £1.83 billion, with particularly good performances in France, Italy, the United Arab Emirates and Hong Kong.
The company expects its gross transaction value to be up between 5% and 9% for the year.
Despite this, Deliveroo has struggled to become profitable, due to big investments in technology, staff and marketing, while sales which rose during the pandemic have slowed as people have returned to eating out more.
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