Technology

Deliveroo Cuts 2022 Forecast After Sales Slow in Latest Quarter

Deliveroo Plc slashed projections for sales growth this year after the value of transactions on its platform grew more slowly in the latest quarter, reflecting mounting challenges facing the delivery service’s consumers.

The London-based food-delivery company said that gross transaction value was projected to rise 4% to 12% this year, after previously forecasting growth of 15% to 25%, according to a statement Monday.