How Just Eat Has Taken Over Takeaway

Takeaway company Just Eat is well positioned to enter the FTSE 100, just two years after listing on the London Markets. The company is riding on the back of a boom in the delivery sector, as more and more Brits are opting to stop cooking from scratch.

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shareprices.com - Friday, November 24, 2017

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Spending on takeaway has climbed to £9.9 billion as of last year - an increase of 34% compared to 2009. The growth is expected to continue, and the takeaway economy is expected to grow to £11.2 billion by 2021.

The company earns commission on orders that were placed by its website, and it is one of the most dominant companies in the mass-market side of the takeaway sector. Rival companies such as Deliveroo offer services for some of the more upmarket chains, but Just Eat works with 78,700 establishments, which deliver the meals themselves - Just Eat serves as a digital ordering platform.

Peter Plumb, the chief executive, said that sales had increased by 47% in the three months up to the end of September, thanks in part to the inclusion of SkipTheDishes business in that period’s order figures. The company handled 26.2 million orders in the UK over that three month period, and even excluding SkipTheDishes it has seen steady growth, and expects that to continue. Last year they faced investigation by the Competition and Markets Authority over their proposals to take over HungryHouse, and were given clearance to do that. Now, the company looks poised to enter the FTSE 100 in the next reshuffle.

 

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