Contract Catering Sector

Deliveroo quarterly sales up, but spend per order falls

RTE  - 12.04.2022

Food delivery platform Deliveroo boosted sales in the first three months of the year, despite facing tough comparisons from a year earlier when restaurants were shut due to the Covid-19 pandemic. More customers placed orders during the first three months of the year, although the amount spent per order fell. Fewer, larger orders are more profitable for Deliveroo because its largest cost is its workforce of gig-economy riders.

Compass Group revenues soar to pre-Covid levels

Catering Today – 11.05.2022

The Compass Group has reported that its revenues increased 37.9% year-on-year from £8.4bn to £11.6bn in the six months ending 31 March 2022 (H1), meaning revenues are at 99% of 2019 figures with its run rate now above pre-Covid levels. The group saw growth across all sectors, and organic growth of 37.9%. This was driven by 48.4% growth in North America with revenues hitting £7.65bn and 22.4% growth in Europe with revenues of £2.76bn. Dominic Blakemore, group chief executive, said: “We continue to recover strongly from the pandemic and have achieved the important milestone of revenue exceeding our pre-Covid level on a run rate basis. “We are mindful of global inflationary pressures, which have been exacerbated by the tragic events in Ukraine. Although we expect inflation to increase and continue at a heightened level in the medium term, we have a resilient business model to help mitigate this challenge.”