Just Eat to Partner With McDonald's in UK, Ireland; Sees 2019 in Line With Views
January 28 2020 - 02:41AM
Dow Jones News
By Adria Calatayud
Just Eat PLC (JE.LN) said Tuesday that it has agreed to
establish a food-delivery partnership with McDonald's Corp. (MCD)
in the U.K. and Ireland, and that it expects results for 2019 to be
in line with forecasts.
The U.K. food-delivery group, which is in the process of merging
with Dutch peer Takeaway.com NV (TKWY.AE), said it will become the
second delivery partner for McDonald's in the U.K. and Ireland. The
partnership follows the rollout of Just Eat's delivery services and
will be implemented in 2020, the U.K. company said.
Just Eat said it expects to report underlying earnings before
interest, taxes, depreciation and amortization of around 200
million pounds ($261.3 million) on revenue of around GBP1.0
billion, in line with its expectations. Orders in the U.K. grew 8%
last year, the company said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
January 28, 2020 02:26 ET (07:26 GMT)
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