Just Eat tucks into captive market amid pandemic lockdown - News Summed Up

Just Eat tucks into captive market amid pandemic lockdown


Just Eat Takeaway.com processed 77 million orders in the UK during the first half of the year, up 18 per cent on last yearThe lockdown led to a boom in sales for Just Eat Takeaway.com, which attracted a record number of new restaurants and customers in the first half of the year. The group, which in June unveiled a $7.3 billion takeover of Grubhub, of the United States, to create the biggest operator outside China, processed 257 million orders, up 32 per cent year-on-year, on the back of faster growth in the second quarter. Revenues jumped by 44 per cent to €1 billion, with underlying earnings up 133 per cent to €177 million, although the reported loss for the period rose from €27 million to €158 million, mainly because of €142 million of advisory fees from the £10 billion merger between Just Eat and Takeaway.com and the proposed


Source: The Times August 12, 2020 10:52 UTC



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