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".