|Bid||35.00 x 0|
|Ask||35.08 x 0|
|Day's range||34.15 - 35.24|
|52-week range||29.31 - 57.82|
|Beta (5Y monthly)||1.00|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
German online takeaway food company Delivery Hero on Thursday reported slightly lower-than-expected gross merchandise value (GMV) in 2022 and refrained from giving guidance on GMV for the current year, causing its shares to drop as much as 11%. Chief Financial Officer Emmanuel Thomassin told Reuters it was too early to provide an outlook on GMV for the year given the current volatile environment. "GMV guidance (for 2023) has not yet been provided, which the market was expecting," analysts at RBC said in a note.
By Scott Kanowsky
BARCELONA (Reuters) -Spain's Glovo, part of Germany's Delivery Hero, said on Monday it planned to lay off 250 workers globally, citing a drop in orders and inefficiencies after the COVID-19 pandemic drove a hiring surge. The layoffs, which will mainly affect Glovo's Barcelona offices, represent a 6.5% reduction in the company's global workforce. "The layoff decision largely impacts the company’s headquarters in Barcelona in areas such as business support functions, recruitment and data," Chief Executive Oscar Pierre said in a statement.
(Reuters) -Delivery Hero shares rose as much as 15% on Thursday after the loss-making German takeaway food company forecast a positive adjusted core profit margin for next year as it focuses on reaching profitability over growth. The Berlin-based firm said in a call it should be able to drive compound annual growth rate of about 20% to 25% over many years on a gross merchandise value (GMV) basis. The company, which did not give an outlook for GMV in 2023, expects the figure for 2022 to be at the lower end of its forecast 44.7 billion to 46.9 billion euro ($44.65 billion to $46.85 billion) range.
Grab, Foodpanda and Deliveroo have formed an association to help shape guidelines that protect the health and safety of delivery workers.
Delivery Hero is confident it has taken the correct decisions to reach profitability, said the German online food delivery company's chief financial officer on Tuesday. "Our decisions are paying off," CFO Emmanuel Thomassin told Reuters after the company forecast 7% growth on the quarter in its third-quarter gross merchandise value (GMV). Thomassin, who said that the company is likely the fastest-growing in the food delivery sector, added that Delivery Hero will probably close some of its warehouse locations in the second half.
Yahoo Finance’s Ines Ferre joins the Live show to break down how stocks are moving in early trading.