Deliveroo reports a 7% rise in Q4 sales, projecting high earnings and positive cash flow for 2024.

Deliveroo reported a strong final quarter with a 7% increase in gross sales, driven by more orders and higher spending, particularly in the UK and Ireland. The company expects its adjusted core earnings to be at the top end of its forecast range (£110-130 million) and to be free cash flow positive for the year. CEO Will Shu attributed the growth to new loyalty programs, expanded grocery services, and partnerships with various retailers. Despite these gains, Deliveroo’s shares remain below their initial public offering value.

2 months ago
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