Supermarkets
Deliveroo returns to profit in H1 amid ‘encouraging’ consumer behaviour
As well as improved consumer behaviour, the company’s performance was driven by strong growth in grocery, which reached 14% of group GTV in H1
Deliveroo has returned to profit following a strong performance in H1, as profits hit £1.3m for the period, up from a loss of £82.9m the prior year, as improved consumer retention and growing retail partnerships boosted sales.GTV was up by 6% to £3.7bn, with a constant currency GTV growth of 7% in UKI and 5% in International, while revenues were up by 2% to £1.03bn. Orders returned to growth of 2%.
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