Finance – Page 6
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NewsWendy’s reports sales dip, updates full-year outlook
The American QSR chain is the latest to report a sales decline due to economic uncertainty, and has changed expectations to reflect the challenging consumer environment
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InterviewsYoung’s: ‘We are achieving volume and value growth’
Investment in the pub company’s estate is driving like-for-like sales growth, with volumes up and momentum continuing into the new financial year, CEO Simon Dodd tells MCA.
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NewsOakNorth backs Loungers growth with £30m
The funding will help accelerate Loungers’ site rollout strategy, with plans to open more than 30 new venues annually across the UK
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NewsMcDonald’s reports UK like-for-like sales decline
The fast food giant said the 1% decrease in comparable sales within its International Operated Markets reflected mixed results across the markets, and was primarily impacted by negative comparable sales in the UK.
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NewsKFC UK achieves +4% sales growth in Q1 2025
Yum! Brands CEO David Gibbs said there had been strong progress on some of the “bold initiatives” the business was putting in place, such as its trial of Kwench drinks within UK KFC stores, with the pilot showing “promising” early results
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NewsWhitbread sells 38 branded restaurants as it continues with growth plan
UK F&B sales fell by 11%, in line with expectations, with Whitbread confident of exiting a further circa 60 branded restaurants, as planned, over the next 12 months.
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NewsMowgli remains committed to further investment
The Indian restaurant chain - now part of the Arcturus Group with Rosa’s Thai and Pho - grew sales by 31% to reach £40.5m
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NewsWingstop: UK acquisition demonstrates ‘industry-leading returns’
The global business is seeking similar investments, having reinvested $75.4m into the newly formed entity after Sixth Street’s acquisition of Wingstop UK
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NewsGreene King delivers revenue growth across all four divisions
Group revenue increased by 3.2%, with the pub operator attributing the performance to record Christmas bookings and strong demand from events such as the 2024 Men’s Euros
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NewsStarbucks Q2 results ‘far from potential’
The coffee giant saw global comparable sales continue to decline, albeit CEO Brian Niccol reiterated the ‘Back to Starbucks’ plan is the right strategy to turn the business around
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NewsYoung’s delivers strong performance against challenging backdrop
Total managed revenue was up 25.4% in FY25, with CEO Simon Dodd crediting the strength and resilience of the premium estate
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NewsLucky Voice for Business reports strong like-for-likes
The karaoke concept has seen a 31% rise in like-for-like revenue contributed by its B2B arm over the past 12 months
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NewsPrezzo teases new name ahead of strong Q1
CMO Mark McCulloch revealed the plans in a LinkedIn post, teasing: “An Italian icon is about to have a makeover…New name, same passion”
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NewsWatchHouse drives expansion in London and New York
The modern coffee house group reported full year revenues for 2024 of £15.4m, up 62% year-on-year, which it described as an “extremely satisfying” performance
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NewsThe Ivy Collection grows sales despite headwinds
The Richard Caring-backed group made £314m from 50 sites across UK & Ireland, which means restaurants across the estate made an average of £6.25m a year
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NewsDeliveroo minded to accept DoorDash offer
The prospective takeover by a larger American rival would be worth £2.7bn, valuing the company at 180 pence per share
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Weekend PressBidding war for Deliveroo? There could be appetite
The US firm DoorDash’s £2.7 billion swoop for the delivery company late on Friday may prompt Amazon, Prosus and Meituan to consider rival bids, The Times reports
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NewsLeaders call to reinstate tax-free shopping amid tourist slowdown
The “tourist tax” continues to be a point of concern for operators ahead of what some are calling a potential “summer of discontent”
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OpinionCelebrities in the driving seat
With F1 racing champion Fernando Alonso acquiring a meaningful stake in Sticks ‘n’ Sushi, MCA columnist Dominic Walsh digests the backstory to the deal, and questions whether the mechanics of hospitality businesses should really be left to the professionals.
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NewsChipotle sees ‘great progress’ in UK and Europe
CEO Scott Boatwright said the brand was seeing strong margins in the UK and western Europe, after a slowdown in growth in the wider business