Kebabs and Pizzas are a good investment?
Looking for an investment in a fast-growing business? You could do worse than investing in the expanding waistlines of your fellow man. Just Eat, the online takeaway service has just announced a massive portion of extra orders in the first three months of the year. So is this the shape of things to come?
It seems consumers are using their increasing disposable income to order takeaways, with the Just Eat apps and websites accounting for the surge in orders. The company, which was launched in the UK in 2006, reported an increase in like-for-like orders of 47% in the first quarter, with total orders were up 51% on the same period last year.
Scarily, Just Eat reckons it has more than 8 million users, with 45,700 takeaway restaurants signed up to the service.That’s an awful lot of chicken kormas. Its full-year results in March, saw more than 61 million takeaway orders for restaurants in 2014, worth more than £1billion. With the most popular orders being Margherita pizzas and Doner kebabs. Classy, people, classy.
David Buttress, its chief executive, said : 'I am delighted with the company's performance. The team has worked very hard in all our markets to achieve these results."
"I am also pleased to see the continued shift of consumers to the ease and convenience of ordering food through Just Eat apps and websites."
Of course, this news, coming in election frenzy, is likely to spark more calls for some kind of fat tax on unhealthy foods, as has been previously mooted, with some of the cash earmarked to help NHS services deal with the fall out from 61 million Doner kebabs. Which doesn’t bear thinking about.
Nevertheless, shares in the company rose 3% to 470p, which is a nice little earner for those who got in at 260p when it floated last year. Looks like the online takeaway is a winner, whether you’re drunk and hungry or a savvy investor who knows that the value of shares can go down as well as up. Bit like a kebab really.
The company is now planning to take over the world by expanding on its French, Mexican and Swiss operations.