Companies

Deliveroo reports stronger sales as takeaway giant optimistic on profits

Company seeing ongoing signs of consumer behaviour returning to more normal levels in 2023 after slowdown

  • January 19, 2024
Will Shu, Deliveroo chief executive and founder: ‘I’m really proud of the team’s execution in the fourth quarter, including launching our retail offering.’ Picture: Bloomberg

Food delivery giant Deliveroo has seen an improvement in its sales and a slight recovery in order numbers in the UK and Ireland, in a sign of stronger demand among squeezed consumers.

The company revealed it thinks its yearly profit will be slightly higher than previous expectations.

It reported gross transaction value (GTV), which means the total cost of people’s food baskets plus delivery fees, of £1.1 billion (€1.28 billion) for the fourth quarter in ...