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Three Quick Facts: Just Eat Takeaway, Naked Wines and 888 Holdings


Here are three things you need to know in the financial markets this morning from investment writer, Tony Cross.

#1.  Just Eat Takeaway Q1 update shows modest decline in revenues

A Q1 trading update from Just Eat Takeaway [LON:JET] is out this morning, showing a modesty 1% decline in total orders after two years of tough comparatives. Average transaction value grew by 4% but the company also noted a high level of customer churn. Critically, and especially in the wake of yesterday’s analyst update on SSP, the challenge for the company will be battling those dual issues of the cost of living squeeze alongside rising menu prices.

#2. Full year sales advance at Naked Wines

Naked Wines LON:WINE has provided a trading update for the full year to March 28th. The headline numbers look good in terms of sales, retention and the size of the customer base. Again the challenge here lies in maintaining customer traction in the months that lie ahead, although with the prospect of people “trading down” from nights out, presumably the company may continue to take share from the licensed on-premises trade.

#3. 888 Holdings Q1 revenues slump from a year ago, hopes pinned on geographic expansion

A Q1 trading update from 888 Holdings LON:888 shows that the North American roll out continues apace and revenues are up fractionally from Q4, although there has been a marked decline from the comparatives of a year ago, most notably with B2C betting down 42%. Not only is the company facing the challenge presented by the end of lockdowns, but will also now have to contend with the squeeze on discretionary spending. However, the roll out into fresh territories and a relaunch in the Netherlands ought to help offset this to an extent, although will presumably come with a higher marketing price attached.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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