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Deliveroo upgrades full-year forecast after strong third quarter -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: A Deliveroo delivery rider cycles in London, Britain, March 31, 2021. REUTERS/Toby Melville/File Photo

LONDON (Reuters) – Food delivery company Deliveroo upgraded its full-year growth forecast on Wednesday after the gross value of its orders in the third quarter increased 58% year-on-year, despite lockdown measures easing in most of its markets.

The company said it expected its gross transactional value to rise by 60-70% this year, up from its previous forecast of 50-60%.

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