By M&C Report team2005-11-06T17:08:00+00:00
The channel is forecast to grow by 5.3% this year to a value of £20bn as consumers switch to lower-ticket alternatives, Lumina Intelligence highlights in its new UK Eating Out Market Report
The c100-strong dessert chain is looking to build its presence in central London, and is on track to meet its target of 10-15 openings this year, MD Francesco Arcadio tells MCA
Pubs sold 52.8m pints during the May Bank Holiday weekend, up +10.4% versus the 2022 Jubilee weekend
Despite significant pressure on its underlying cost base, the business reported a £7m rise in revenue to £64.2m, and a positive EBITDA of £2.7m for the period.
In a trading statement to accompany the group’s AGM today, the TGI Fridays operator reported a 3% decline in like-for-like sales for the 22 weeks to 4 June 2023 – down from -1% in the first 16 weeks.
The group reported a like-for-like sales increase of 13% for the first 23 weeks ended 4 June 2023, which it said would have been higher had it not been for the impact of the rail strikes.
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