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All Finance articles – Page 27
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NewsBoston Tea Party FD steps down
Julie Centracchio has stepped down as finance director at the 25-strong cafe group
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NewsGail’s turnover driven by new openings
The premium bakery chain reported turnover of £62m for the five months ended February 2022 and £100m for the entire year, a 76% rise on the prior year
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NewsETM Group reports return to EBITDA profitability
The 13-strong London-based operator reported a turnover of £21.6m in the year to February 2021, and a return to EBITDA profitability of £2m
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NewsMitchells & Butlers sees profits recover
Excluding utilities, Mitchells & Butlers has reported profits have broadly recovered in the year to September 2022, with a total revenue of £2,208m
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NewsSSP Group announces return to profit
The operator has announced its results for the year ended 30 September 2022, with recovery in passenger demand and a shift in focus towards North America and Asia
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NewsMarston’s reports return to normalised trading
The pub operator has announced full year like-for-like sales at 99% of 2019 levels for FY2022, along with a return to normalised trading despite Omicron
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NewsStange & Co reports recovering sales
The 10-strong pub operator announced sales were on their way to recovering to pre-pandemic levels, with a turnover of £10.7m
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NewsEG Group foodservice profits on the rise
Gross profit in its foodservice operations increased by 21% to $207m year on year for Q3 FY22, driven by acquisitions and new openings
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NewsCooks Coffee Co reports strong rise in revenue
The cafe chain has announced its H1 FY23 results, with sales in its Esquires outlets up 20% and sales in Triple Two outlets 60% ahead of H1 FY22
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NewsMarston’s reports encouraging trading
Since October, the pub operator announced like-for-like sales in managed and franchised pubs were up by 6.85% vs 2021 and 5% vs FY2019
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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”.