Deliveroo has reported bumper sales in the past three months (David Davies/PA)Deliveroo has revealed bumper sales in the past three months, which are set to be higher than first thought. Deliveroo sales in the UK and Ireland were particularly strong – up 87% in the three months to June, hitting £921 million, compared with 65% growth in the rest of the world of £818 million. The company said is has “seen continued strong growth and consumer engagement”, leading to an increase in guidance for the full year with around 15% growth in the second half. Bosses did not provide any details on why they believe sales will be ahead of expectations, although food delivery platforms have enjoyed strong growth due to Covid-19 lockdown restrictions. As a result, Deliveroo said it sees “an opportunity to make further discretionary investments into growth opportunities” and expects average order volumes to hit pre-Covid levels later this year.

Source: Irish Independent July 08, 2021 06:45 UTC