Deliveroo upgrades full-year forecast after strong third quarter

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The British company, which had performed strongly during lockdowns, said it expected its gross transactional value to rise by 60-70% this year, up from its previous forecast of 50-60%.

Founder and chief executive Will Shu said Deliveroo made good progress in the quarter, including launching a new rapid grocery delivery service called Deliveroo Hop.

“While we are mindful of current and potential macroeconomic disruptions and uncertainties, we expect further strong performance in the remainder of the year and we are increasing our full year GTV growth guidance,” he said.

The value of Deliveroo’s orders in the quarter increased to 1.59 billion pounds, with the number of orders increasing 64% to 74.6 million.

The average size of each order declined by 4% to 21.4 pounds, Deliveroo said.