Just Eat Takeaway's Big Bet on a Key Market Paid Off. Why the Stock Is Falling.
By Jack Denton Order Reprints Text size Just Eat Takeaways results show just how much the Covid-19 pandemic has boosted the food delivery sector. Agence France-Presse/Getty Images Strict lockdown measures to contain the spread of Covid-19 in Europe helped JustEat Takeaway.com’s growth accelerate dramatically in the final quarter of 2020—especially in the key U.K. market, where it has doubled down on increasing its footprint. But shares in the company fell 4.5% in London trading, as investors eyed full-year guidance indicating smaller-than-expected...
Source: barrons.com