Finance – Page 59
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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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NewsAzzurri recovers strongly in 2022
The ASK Italian and Zizzi operator posted revenues of £235.9m, an increase of £119m on last year, while EBITDA increased to £25m
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NewsLoungers 'significantly outperforms market'
The all-day operator reported increased revenue and like-for-like sales growth, but EBITDA and profits were hit by cost pressures
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NewsWhite Rabbit secures backing from McWin
The specialist hospitality incubator behind Island Poke and Kricket has raised an undisclosed, multimillion pound investment from the backer of Gail’s Bakery
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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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NewsFuller’s sees revenue up 45% for the half-year
The premium pub and hotel operator said it had achieved good momentum, with like-for-like sales still seeing double-digit growth in the first seven weeks of H2 2022, and strong growth in central London, despite the challenging macroeconomic environment.
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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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NewsMegan’s secures £5m to accelerate expansion
The neighbourhood restaurant business has obtained the additional funding from Barclays and is looking to build on its current 18-strong portfolio.
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NewsDomino’s: ‘Our results are a combination of both price and volume’
The pizza chain’s customer base has seen significant growth due to the Just Eat partnership, says interim CEO Elias Diaz Sese
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NewsCoffee#1 sees sales double
The Caffe Nero Group-owned community coffee shop operator saw sales peak in September and October, at 117% of pre-pandemic levels, resulting in its first £1m gross sales week.
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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