Deliveroo Surprise Strength in Orders Provide Post-IPO Boost [Business News Network (BNN) (Canada)]
Just Eat Takeaway.com N.V. - American Depositary Shares (GRUB)
Last just eat takeaway.com n.v. - american depositary shares earnings: 2/5 04:05 pm
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Source: Business News Network
the top end of its full-year guidance and providing a lift as its stock languishes since going public last year. Full-year gross transaction value rose 70% year-on-year in constant currency, the edge of the previously projected 60% to 70% range, the London-based food delivery company said in a statement Thursday. Fourth-quarter GTV gained 36% to 1.7 billion pounds ($2.3 billion), while analysts surveyed by Bloomberg had expected gains of 28.3%. U.K. and Ireland led the company's performance, with the value of transactions rising 71% across 2021, as the firm said it gained U.K. market share. In the international segment, orders outpaced transaction value as the average order size decreased. Key Insights Orders in the past quarter were 80.8 million -- a sequential gain of 10% -- while GTV per order rose 1% in constant currency to 21.4 pounds. The company confirmed its full-year guidance for gross profit margins of 7.5% to 7.75% as a ratio of transaction value. On-demand groc
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