LONDON (Reuters) – British food delivery company Deliveroo on Monday slashed its full-year revenue guidance, blaming a more cautious economic outlook.
The group said its full-year gross transaction value (GTV) growth was now expected to be in the range of 4% to 12% in constant currency versus previous guidance of 15% to 25%.
Deliveroo said second quarter GTV growth slowed to 2% from 12% in the first quarter.
(Reporting by James Davey; Editing by Kate Holton)
