Deliveroo has blamed “increased consumer headwinds” for a cut to its forecasts, marking the latest setback for the online food delivery company.
The London-based group on Monday said growth for its full-year gross transaction value (GTV) — a measure of the orders placed through its platform — would be between 4-12 per cent on a constant currency basis, more than halving its previous estimate of between 15 and 25 per cent.
Deliveroo, whose 190,000 drivers operate across 11 markets worldwide, said it was facing “a more cautious outlook” in economic conditions, and that its figures in the same quarter in 2021 were buoyed by consumers ordering more food due to pandemic-related lockdowns.
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