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All Finance articles – Page 4
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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
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NewsInflation expected to have reached 10.2%
The latest figures, to be published by the Office for National Statistics on Wednesday, will put pressure on the Bank of England to recommend a further interest rate rise later this month
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NewsHeineken buys remaining shares in Beavertown
As part of the agreement, founder Logan Plant will step down as CEO and take on a new advisory role, with Jochen Van Esch becoming managing director
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NewsTRG reports slow recovery
The Wagamama and Barburrito operator reported like-for-like sales up 4% on 2019 and profit before tax of £10.2m, up from a 2021 loss of £19.9m
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NewsVegan meat producer raises £62m investment
Swiss-based Planted is being backed by L Catterton, the private equity division of LVMH, known for Louis Vuitton, Moët, Hennessy and Dior.
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NewsYO! operator reports record performance in 2021
Snowfox Group, the operator of YO! Sushi, announced UK turnover rose from £61m in FY20 to £101.8m in 2021
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NewsIndividual Restaurants reports loss in 2021
The operator of the Piccolino, Riva Blue, and Restaurant Bar & Grill brands reported a loss of £8.2m for the financial year ending 27 March 2022
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InterviewsBrakspear: ‘We are back in survival mode’
The 120-strong pub operator may still be seeing good levels of trade, but the focus now is on keeping costs in check in order to ride out the storm of cost pressures, CEO Tom Davies has told MCA
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NewsPatty & Bun reduces losses in 2021
The burger brand has appointed former itsu CEO and Pret franchise director Gerard Loughran as a non-executive director