Just Eat sees rapid sales jump despite softer consumer spending

Food delivery group records 25% jump in sales to £247.5m

Revenues jumped as orders continued to rise, increasing 16% to £62m across the group for the period. Photograph: Ben Stansall/AFP/Getty

Revenues jumped as orders continued to rise, increasing 16% to £62m across the group for the period. Photograph: Ben Stansall/AFP/Getty

 

Just Eat has posted rapidly growing sales in the third quarter despite a backdrop of “softer consumer spending”.

The food delivery company saw sales jump 25 per cent to £247.5 million in the three months to September, although this represented a slowdown from the previous half year.

Revenues jumped as orders continued to rise, increasing 16 per cent to £62 million across the group for the period.

Peter Duffy, interim chief executive at Just Eat, said: “We are seeing strong growth in many of our markets, including Canada, Europe and, pleasingly, Australia, where we are starting to reap the benefits of our turnaround plan.

“Our UK marketplace business is a strong and clear leader. However, we are seeing a structural shift, with increasing demand on our platform from customers for broader cuisine choice and more meal occasions, led by quick service restaurant chains.

“The strong growth in our UK delivery business shows we can successfully meet these needs.”