Hard Rock Cafe UK, operator of the eponymous American restaurant brand in Britain, saw pre-tax profits fall 5.1% to £5m in the year to 31 December 2012.
Turnover for the group, which currently operates three UK sites and opens its fourth in Glasgow next month, fell 3.7% to £20.1m. There were fewer restaurant transactions in the year (477,716 against 481,186) and also fewer retail transactions from its merchandise (retail) arm (329,508 against 360,856).
Average spend per head in the restaurants increased from £22.37 to £23.35, although it fell in the retail division from £29.11 to £28.71.
Gross profit declined from 55.5% to 55.2%. Operating profit fell from £5m to £4.6m.
The company said: “operational performance improved in 2012 largely through the positive trends in the retail side of the business.
“This was driven by the continued positive tourism inflows to the UK, and is expected to continue for the foreseeable future.”
Parent company Hard Rock International told M&C Report last month that it has no plans to expand further in the UK after its next opening in Glasgow in November despite having “active targets” across Europe.
