Deliveroo Upgrades Full-Year Forecast After Strong Third Quarter

Deliveroo Upgrades Full-Year Forecast After Strong Third Quarter
A Deliveroo delivery rider cycles in London, Britain on March 31, 2021. Toby Melville/Reuters
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LONDON—Food delivery company Deliveroo upgraded its full-year growth forecast on Wednesday after the gross value of its orders in the third quarter increased 58 percent year-on-year, despite lockdown measures easing in most of its markets.

The British company, which had performed strongly during lockdowns, said it expected its gross transactional value to rise by 60–70 percent this year, up from its previous forecast of 50–60 percent.