Deliveroo cuts growth targets as cost of living pressures hit consumer spending

Sales at Deliveroo were up but average basket sizes were down (David Davies/PA)

(Picture: PA Archive)

Deliveroo has slashed its growth target for 2022 as it warned cost of living pressures would hit customer spending.

The company cut back full-year growth from 15-25% to 4-12%, as the value of customer orders fell year-on-year.