VENDOR AND SUPPLIERS | Philippa Charlton, Europe

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 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 in France, and creating a market-winning JV in Brazil with iFood".

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