October 27, 2021

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US order growth has lagged far behind

US order growth has lagged far behind



ANP / Goyan von Wheel


© 12
ANP / Goyan von Wheel

Catering Just Eat Takeaway entrepreneur Jitz Grohn has been suffering from a sharp decline in the number of orders in the United States.

Given by the parent company of Thuisbezorgd.nl An overview Growth in the number of orders in the third quarter of this year.

Just Eat Takeaway saw 25 per cent total order growth in the third quarter. In total, the food delivery company handled nearly 266 million orders in the third quarter of this year.

The value of orders rose to 6.8 billion euros, 23 percent more than a year earlier.





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The table above shows that order growth in the United States in the third quarter was only 3 percent.

Just Eat Takeaway has recently made two major acquisitions. In April, the acquisition of British Just Eat was completed and the US Group course was taken over in June.

Regarding order development in the third quarter, Just Eat Takeaway noted that the Food Supply Company has launched a “development plan” to focus the Group’s efforts in areas of the United States where it has traditionally held strong positions.

Germany was the strongest breeder in the third quarter, where the number of orders increased by 35 percent year-on-year. In the Netherlands, Thuisbezorgd.nl is the market leader, with good growth of 16 percent.

“Our growth is strong in the third quarter of 2021, and much of the world is recovering before the corona epidemic,” CEO Jitze Krone said in a statement. Since the outbreak of the corona virus, the company has been growing rapidly. In many countries, the catering industry was forced to close its doors due to the virus, which resulted in many more dishes being ordered.

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Throughout 2021, with the exception of the group’s US operations, Just Eat Takeaway has been sticking to 45 per cent expected order growth. The company considers an operating margin (EBITDA) including minus 1% to minus 1.5% of the total transaction value, including the group. Hence a finite functional loss.

read more: Just Eat Takeaway loses half a billion from caterer Jitsey Crohn, but turnover is growing fast after major acquisitions