Finance – Page 60
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NewsWendy’s believes UK remains ‘the big opportunity in Europe’
The business has seen energy costs increase by up to 60% in the UK, with lower sales than expected, but is “playing the long-term game”.
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NewsJDW sees like-for-like growth above 2019 levels
The pub company achieved a 9.6% increase in like-for-like (lfl) sales in the first 14 weeks of the financial year, versus 2021 figures, with lfl growth of 0.4% on 2019 levels.
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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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NewsCooks Coffee Company completes dual stock exchange listing
The NZQ-listed company, operating the Esquires and Triple Two Coffee brands, is on track to open 18 sites this financial year
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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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NewsFulham Shore reports revenues up 35% on pre-pandemic levels
The Franco Manca and The Real Greek operator reported H1 revenues up 35% on 2019 and announced its expansion into retail
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NewsThai Leisure looking to the future ‘with confidence’
The group exited its CVA in June 2022 – three months earlier than anticipated and has seen strong trading in the current financial year.
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Analysis & InsightTaxes must rise to plug £40bn black hole in budget
There’s limited scope for further spending cuts so the PM and chancellor must surely look to higher taxation to repair damage done by the mini-budget, the Observer reports
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NewsMcDonald’s UK customers still attracted by its value
Despite the impact of high inflation and energy prices, consumers are still returning to the fast-food chain for “the value we offer”, president and CEO Chris Kempczinski has said.
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NewsWimpy UK achieves 14% sales uplift
While sales rose during the six months to 31 August 2022, the Famous Brands owned business said the cost of living crisis had “eroded consumer confidence” in the UK.
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NewsWhitbread announces profits beyond pre-pandemic levels
The Premier Inn operator has reported a rise in profits in the first half of the 2023 financial year, with revenue up by 25% on H1 FY2020
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NewsVarious Eateries reports sales ahead of market expectations
The Coppa Club and Tavolino operator has reported sales at £40m for the year ending 2 October, along with plans to further grow its estate
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NewsDeliveroo growth continues to slow amid headwinds
Growth in gross transaction value in the UK & Ireland outperformed international growth in Q3 2022, but declined quarter-on-quarter
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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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NewsCaffè Nero reports strong Q1 sales
Sales in the four months to the end September 2022 were at 107% of pre-pandemic levels, with the coffee chain planning for seven new UK openings in Q2
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NewsRevolution Bars Group is back in the black
The group turned around a £26.3m loss in 2021 to report a profit before tax of £2.1m in the 52 weeks to 2 July 2022, but recent sales have been hit by falling consumer confidence
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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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NewsLoungers delivers 17% growth in like-for-likes
The all-day operator continued to significantly outperform the market against the backdrop of macroeconomic challenges, which it said was testament to the relevance and resilience of its brands.
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NewsNew World puts smaller sites on the market
The Botanist operator said by March 2023, its estate will have grown by one-third since the start of the pandemic, as it reported revenues of £59.9m in 2022 - up 16% on 2019