All Finance articles – Page 20
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NewsCôte reports progress on growth plans
Côte Restaurant Group reported a turnover of £72.7m for the year ended September 2021, plans to open two new venues as well as an in-house butchery and development kitchen
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NewsJKS confident in navigating recession
The operator has said it has “a plan to navigate” the current trading climate, with financing arrangements made following the pandemic
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NewsDarwin & Wallace reports rebound in sales
The nine-strong, Imbiba-backed group reported a recovery in sales for FY22, and revealed it considered a listing post-pandemic
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NewsPing Pong sold in pre-pack administration
The restaurant chain has been sold to new entity AJT Dimsum Limited, with all six restaurants and staff to transferred to the new owner.
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OpinionFinnCap: ‘Current market conditions represent interesting opportunity for investors’
Calling the timing of a trading recovery is difficult, but one of the current upside opportunities for restaurant operators is that property conditions are excellent for store rollouts, writes Nigel Parson, analyst, finnCap Group for MCA
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NewsYoung’s revenues rise beyond pre-pandemic levels
Young’s has announced its interim results for the 26 weeks ended 26 September 2022, with like-for-like revenue ahead of 2019 by 6.2%
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NewsNightcap reports strong results from first full year of trading
The Cocktail Club, Adventure Bar Group, and Barrio operator announced revenues of £36m but reported slower momentum into FY2023
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NewsDomino’s reports strong momentum
Domino’s Pizza has reported its Q3 trading update, with like-for-like sales up 2.4% on last year, as well as announced its rollout on Just Eat and a new share buyback programme
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NewsKFC UK sales continue to decline
Yum! Brands has reported its third quarter results, with KFC system sales in the UK falling by 7% in Q3 and by 3% in the year to date
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NewsNotes Coffee acquired by WSH Group
The 11-strong coffee roastery and wine bar concept will continue to operate as “an autonomous business”, WHS Group said, with plans for “ambitious future growth”.
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NewsBoston Tea Party reports loss in 2021
The 25-strong cafe operator reported a drop in sales in the year to October 2021, but stated it is well placed to navigate headwinds in the current financial year
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NewsAnglian Country Inns reports lfl revenue up on 2019
The pub and inn operator reported a 20% rise in like-for-like (lfl) revenue on 2019, with revenue of £14.3m for the 52 weeks ending 3 April
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NewsJust Eat Takeaway reports return to profit
The delivery company has announced profitability earlier than expected, with positive adjusted EBITDA in its trading update for Q3 2022
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NewsWolseley Hospitality Group reports strong trading in 2021
Despite Covid-related closures, the group reported strong sales in the year to December 2021 and plans to open two restaurants next year
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NewsBrewDog Retail reports revenue growth
The brewer and operator’s retail division reported turnover of £36.9m, up from £25.2m in 2020 but behind pre-pandemic levels
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NewsMitchells & Butlers: food sales continue to drive growth
Like-for-like sales rose significantly for food but dropped for drink, with an overall decline of 0.9% compared to 2019
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Analysis & InsightAlixPartners: ‘Underlying dynamics of hospitality remain strong for investors’
Despite short-term disruption, the sector should focus on the longer-term positive outlook, MD Graeme Smith told delegates at MCA’s Restaurant Conference
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NewsShepherd Neame reports return to profit
The 300-strong pub operator has announced it will seek investment and acquisition opportunities following significant revenue growth
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NewsArc Inspirations plans to double business
The premium bar operator announced plans to double the size of its business in the next three to five years, following strong sales in the year to 31 March 2022
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NewsComptoir reports strong sales and profit
In its interim results, the group has stated it remains cautious but optimistic for the future due to the strength of its balance sheet