Takeaway delivery group Deliveroo has slashed its annual sales outlook as it revealed a cut back in customer demand due to the cost-of-living crisis.
The group said growth in group sales by gross transaction value (GTV) pared back sharply to 2% on a constant currency basis in the second quarter, down from 12% in the previous three months, which it said “reflects the impact of increased consumer headwinds”.
In the UK, sales growth dropped to 4% from 12% in the first quarter.
