Just Eat Takeaway.com’s first-half earnings beat analyst estimates as the European food delivery firm works at trimming costs and improving operational efficiency.
Just Eat’s courier costs, which mainly include the cost of engaging workers through agencies and third-party delivery companies, decreased in the period. It reduced the cost per order by simplifying its delivery model in the UK, the company said in statement on Wednesday. Just Eat is currently exploring a partial or full sale of Grubhub, which is making “strong progress” toward cash flow breakeven, the company said.
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