Key Takeaways from Just Eat's Q3 Update

Just Eat, the listed online takeaway business has just released strong Q3 results. Highlights included:

- Like for like sales increasing 51% year-on-year, or 56% when French their subsidiary is added in

- An increase in its stake in French subsidiary Alloresto.fr to 80%

- A 25% stake in a Brazilian takeaway business, in partnership with Brazilian operator iFood.

Speaking of the results, CEO David Buttress said "I am very pleased with our performance over the summer... At a strategic level, our commitment to developing market leadership in all of our territories was futher reinforced by JUST EAT acquiring control of Alloresto.fr in France, and creating a market-winning JV in Brazil with iFood".

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The brand previously revealed it will open ten sites this year.
The burger is available until 31 January in Absurd Bird sites.
The company operates 18 restaurants in the UK.
This will be the fifth London site for the Australian chef.
She joined Papa John’s in 2015 as senior director for digital marketing and most recently served as senior vice president for customer experience.
274 million orders were processed in the fourth quarter of last year.
This effectively ends a takeover bid from the Issa brothers' EG Group.
The company will invest over £9.2 million to raise hourly rates amidst sector-wide labour shortages.
Founded in 2017, it already has a presence in ten countries, including the US, UK and Australia.
The move is expected to create 1,000 jobs and 4,000 over the next three years.
Deliveroo, meanwhile, reported a 117% surge in plant-based ordering across the UK since Veganuary 2021.
It also has plans to grow in Edinburgh in the next few years.
Sales in December 2021 ran at approximately 63% of 2019 levels.