When are Just Eat Takeaway.com’s results expected?
Just Eat Takeaway.com, the Dutch multinational online food ordering and delivery company, formed from the merger of London-based Just Eat and Amsterdam-based Takeaway.com in 2020, is set to release its full-year (FY) 2022 results on 1 March 2023. The results are for the full-year ending December 2022.
What is ‘The Street’s’ expectation for the FY results?
‘The Street’ expectations for the upcoming results are as follows:
Revenue of €5.594 billion : +24.44% year-on-year (YoY)
Earnings per share (EPS) : -7.66 cents : -58.92% (YoY)
After experiencing record demand during the Covid-19 pandemic and lockdowns, food delivery companies such as Just Eat Takeaway.com are here to stay as customers have gotten used to being delivered their food in a contactless manner, both at home and in the office.
According to Grand View Research, the global online food delivery service market is projected to grow at a compound annual growth rate of close to 19% over the next ten years.
As the industry grows, competition is likely to grow as well with more mergers, such as the one between the UK’s Just Eat and the Netherland’s Takeaway.com a few years ago, likely to be seen.
With Just Eat Takeaway.com expanding into the grocery delivery market and signing several partnerships in the past year, with the likes of Getir in continental Europe and Sainsbury’s in the UK, for example, further are likely to be seen this year as well.
The delivery company’s full-year results and forward guidance will show whether it remains on track with regards to its rapid grocery growth strategy, can control its growth-incurred costs and is able to report better margins.