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Deliveroo slashes revenue outlook on deteriorating UK economy

07/18/2022

Less than a minute

2022.07.18 09:42

Deliveroo slashes revenue outlook on deteriorating UK economy
FILE PHOTO: A Deliveroo delivery rider cycles in London, Britain, March 31, 2021. REUTERS/Toby Melville

LONDON (Reuters) – British food delivery company Deliveroo on Monday slashed its full-year revenue guidance, blaming a more cautious economic outlook.

The group said its full-year gross transaction value (GTV) growth was now expected to be in the range of 4% to 12% in constant currency versus previous guidance of 15% to 25%.

Deliveroo said second quarter GTV growth slowed to 2% from 12% in the first quarter.

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07/18/2022

Less than a minute