Deliveroo warns on sales growth but confident about handling cost-of-living squeeze

Deliveroo is aiming for adjusted earnings to break even in late 2023 to early 2024

Food delivery firm Deliveroo has warned sales growth would be at the lower end of its previous guidance, as households cut back on take-aways due to rising prices.

Despite the worsening outlook, Deliveroo, which competes with Just Eat and Uber Eats, also slightly upgraded its margin for adjusted earnings, helped by lower marketing spend.