Tuesday, January 18, 2022

Just Eat Takeaways orders jumped 79% in the first quarter of 2021

Food delivery company “Just Eat Takeaway,” said its orders jumped 79% in the first quarter of this year, nearly double its expected growth rate, as the boom in eating at home continued during the Coronavirus pandemic in Britain.

The Amsterdam-based company, which took a loss last year, has also indicated that it expects order growth for the rest of 2021 even as coronavirus restrictions are eased.

The company indicated an expected growth in first-quarter orders of more than 42% of what it achieved in the full year of 2020.

CEO Jitsi Groen told reporters that Britain was a privileged market following the company’s takeover last April of Just Eight for $ 7.8 billion, and Gruen said: “This is a significant increase, and in absolute terms, the increase will fit (size) the competition comfortably. “.

Just Eat Takeaway.com generated 63.8 million requests in the UK in the first quarter, an increase of 96% over the combined orders of Takeaway and Just Eight in the first quarter of 2020. The increase in demand has helped many restaurants that specialize in food delivery services. It is only allowed to sell fast food during a pandemic.

“Whether or not that means the competition is weakening, the competition has raised some money,” Groen said. “In the end, it’s all about the scale and if someone is much older than you and pulls twice as fast, you won’t overtake this player.”

UK takeaway is competing with smaller rivals Uber Eats and Deliveroo, which saw its share price plummet after its initial public offering on March 31.

Takeaway also said it still expects the proposed acquisition of its US counterpart, CrowHub, in a $ 7.3 billion deal, in the first half of 2021.

Dining inside restaurants in the country recorded an increase of 2.9%, and restaurants say they face higher costs due to the repercussions of the Corona epidemic, inflation, and increased wages.

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