Analysis: As Ocado and Deliveroo warn of slowdown, where next for online food delivery?
Both Ocado and Deliveroo have warned of a potential slowdown in their businesses. Retail Week looks at how the two digital food retailers are looking to navigate the headwinds.
For its first-quarter results, Ocado reported a 5.7% drop in revenues to £564.7m and a 15% decrease in average basket sizes to £124 on a year-on-year basis.
Deliveroo, meanwhile, recorded a 40% widening of losses to £298.2m in its 2021 financial year, despite revenues surging 57% to £1.8bn.
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