Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY), hereinafter the “Company”, or together with its group companies “Just Eat Takeaway.com”, one of the world’s largest online food delivery marketplaces, hereby issues a trading update for the third quarter of 2024. We made good progress across our key strategic pillars, which we believe will drive growth. Northern …
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Just Eat shares fell on Wednesday after the delivery group’s sales were hit by a sharp downturn in the US during the third quarter. Total order numbers fell 6 per cent to 211.1million, down from 224.2million by the same point a year ago, with all regions seeing a fall. But total gross transaction value (GTV) …
Continue reading “Just Eat hit by dwindling US appetite as orders slump”
In the race for top-performing third-party delivery provider, DoorDash is Noah Lyles, according to the Intouch Insight Third-Party Delivery Study. The study, produced in conjunction with Informa Connect, analyzed the performance of DoorDash, Grubhub, and Uber Eats across several metrics, including delivery speed, order accuracy, and customer satisfaction. Intouch Insight, a leading customer experience solutions provider, …
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Quick-service restaurants (QSR) are locked in a fierce “value war,” offering cash-strapped consumers $5 meal deals or even better bargains to maintain their market share. This battle for value has intensified as QSR executives recognize that low- and mid-tier households have been financially squeezed by the Biden-Harris economy. With elevated inflation, high interest rates, depleted savings, …
Just Eat Takeaway.com has made the difficult decision to propose the closure of all operations in France, subject to consultation. This reflects the business’ commitment to drive efficiencies and focus on building strong and sustainably profitable positions. While financial details have not been disclosed, the size of Just Eat in France represents a small part …
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The pandemic and its aftermath continue to victimize local chains, even those with strong reputations and national notoriety. The latest is Melt Bar & Grilled, a grilled cheese concept founded in 2006 that operates four locations in Ohio. The company, which at one point was featured on both the Food Network and the Travel Channel, …
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Things like mobile ordering and digital loyalty programs are now table stakes for brands at the top of the Top 500. So what will separate the truly high-tech from the rest? The pandemic was a watershed moment for restaurant technology. With dine-in service closed or severely limited, things like online ordering, third-party delivery and contactless …
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Rubio’s Coastal Grill, the long-struggling fast-casual chain that just closed a third of its restaurants, on Wednesday declared bankruptcy for the second time in four years, saying the operating environment has grown too difficult, particularly in California. The fast-casual taco chain said it plans to use Chapter 11 bankruptcy to oversee a sale process. Rubio’s …
What’s for dinner? For an increasing number of Americans, especially households making less than $150,000 a year, the answer doesn’t involve going to a restaurant. And when people do go out to eat, they are spending less money. Battered by higher-than-normal food prices, some consumers are pulling back on their spending — and restaurants are feeling …
Continue reading “Dining out is increasingly a domain of the wealthy. Restaurants are feeling it.”
You can get a really good idea how the U.S. economy is doing by watching restaurants in your area. When the economy is booming, restaurant parking lots are full and chains are feverishly establishing new locations. But when the economy is struggling, restaurants get a lot less traffic and poor performing locations get shut down. …
