Just Eat's Gross Transaction Value Falls on Lower Orders; Backs Guidance.

Just Eat Takeaway.com, an Amsterdam-based food-delivery group, reported a decline in gross transaction value for the first quarter due to lower orders. The company processed 214.2 million orders during the period, compared to 227.8 million in the same period last year. Despite this decline, Just Eat backed its full-year guidance and reiterated its adjusted earnings before interest, taxes, depreciation, and amortization guidance for 2024. The company also stated that it is actively exploring the partial or full sale of Grubhub, although no deal has been agreed upon yet. [Extracted from the article]