Just Eat’s Earnings Beat Estimates After Cost Controls
- Just Eat announced a new share buyback of up to €150 million
- The company simplified delivery model to lower cost per order
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Just Eat Takeaway.com NV’s first-half earnings beat analyst estimates as the European food delivery firm works at trimming costs and improving operational efficiency.
Adjusted earnings before interest, taxes, depreciation and amortization came in 42% higher at €203 million ($220 million) in the first six months of the year, the Amsterdam-based company said in a statement on Wednesday. That was above the €196.6 million average estimate from analysts in a Bloomberg survey.