Finance – Page 6
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News
Fazenda reports record £27m sales
The premium rodizio bar and grill operator saw year-on-year growth of 34.4% in 2023, and is actively looking for opportunities within London and mainland Europe
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News
Fulham Shore revenue nears £100m
The Franco Manca and The Real Greek operator remains optimistic, with financial headroom for further expansion, after it was acquired by Toridoll in July 2023
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News
Revolution Bars yet to receive suitable offer
The Revolution and Peach Pubs operator continues to explore the formal sales process alongside other strategic options that would deliver a financial return to shareholders
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News
Various Eateries drives sales through new openings
Executive chairman Andy Bassadone says the business will continue to prioritise the integrity of its brands over short-term financial gain, as its latest results see group like-for-like sales marginally down
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News
Marston’s outperforms market
Like-for-like sales growth stood at 7.3% in H1 2024, with pub operating profit growing 22% for the 1,395-strong pub operator
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News
Greggs reports strong progress across channels
Delivery sales, evening trade, and participation in the Greggs app all supported transaction volume growth, with total sales of £693m in the first 19 weeks of 2024
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News
Adnams sees 11% sales uplift
The Suffolk-based brewer and pub operator attributed growth to increasing volumes in beer and spirits, with a strong contribution from both its on-trade and off-trade business
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News
Turnover rises 21% for Gordon Ramsay Restaurants
As the group prepares to make its biggest hospitality investment yet at 22 Bishopsgate, it reported 12 months of positive like-for-like sales in the year to August 2023
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News
Soho House sees substantial membership growth
The private members club has seen a 20.4% increase in membership revenue, whilst in-house revenue saw a slight downturn year-on-year
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News
Pizza Pilgrims gears up for Scottish and Welsh debuts
The pizzeria group is opening a further four sites this calender year, in Euston, King’s Cross, Cardiff and Edinburgh, as it reports revenues of £28.7m for 2023
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Interviews
Punch Pubs sees ‘more stable’ operating environment
This has resulted in strong EBITDA growth in Q2 2024, with more to come, according to CEO Clive Chesser and CFO Steve Dando
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News
Punch delivers revenue and EBITDA growth
Underlying EBITDA for FY24 of £85.6m is now ahead of pre-pandemic levels; while the company is seeing “strong returns on investment” from its Managed Partnership division, with 70 more pubs identified for conversion
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News
Krispy Kreme sees fall in UK volumes
Lower volumes more than offset strong sales in Canada and Mexico, leading to a decline of 50 basis points in adjusted EBITDA margins for the international segment
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News
Papa Johns advancing efforts to optimise UK business model
Interim CEO Ravi Thanawala has said additional strategic closures and re-franchising opportunities will be considered in the UK, as he remains confident the market can become profit accretive this year
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Analysis & Insight
Wetherspoons’ upbeat results toasted by analysts
The trading update, which saw like-for-like sales up 5.2%, reflects improving conditions across the UK’s pub sector, according to analysts
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News
WatchHouse exceeds crowdfunding target by 723%
The specialty coffee concept has closed its crowdfunding round after raising £7.2m from 1,432 investors, exceeding its target of £1m
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News
Experiential offer drives robust growth for XP Factory
Like-for-like sales were more than 11% up for both the Escape Hunt and Boom Battle Bar brands, with the group reporting turnover of £57.8m
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News
Challenging trading conditions persist for Brighton Pier Group
The group’s full year update reports softened consumer demand - most notably in the Bars division - as well as poor weather and train strikes impacting footfall during key trading periods
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News
Wetherspoon: Profits expected towards top of market expectations
The pubco has reported a 5.2% uplift in like-for-like sales in the 13 weeks to 28 April 2024, with Guinness, wine, and coffee all performing strongly
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News
Revolution: 32 parties express interest in sales process
The group is exploring a formal sales process, with 32 out of 42 invited parties agreeing to participate and signing a non-disclosure agreement