Barracuda has a reported a 19% rise in turnover to £127.1m for the year to 30 September 2006, compared with the 53 weeks to 1 October 2005.
Ebitda was also up, to £33.1m, from £29.3m in 2005, an increase of 16%.
Food sales rose 36.3%, to £19.1m from £14.0m, while gross profit was £91.7m, up from £77.8m in 2005.
The company said that gross margin continued to rise, increasing 1% on the previous year, while its cumulative return on investment remained above 30%.
The group said it estimated that “annualised run-rate” of turnover from sites now open to be well in excess of £140m.
Mark McQuater, chief executive, said: “The business continues to drive forward as customers appreciate the distinctive and quality brands we have developed. We believe this is one of the strongest set of managed pub brands in the UK.”
Barracuda, which owns leisure brands Smith & Jones, Varsity Juniper Inns and Barracuda Bar, invested £26.4m in opening 33 sites during the 2006 financial year, bringing its estate to 192 managed pubs and bars.
The group also converted two of its original unbranded units into branded formats and also successfully rebranded four units during the period.
The company said it plans to continue rolling out its Smith & Jones format, with 95 sites currently open. It also operates 35 pubs under its Varsity format, 21 Barracuda Bars, and 41 Juniper Inns
Barracuda is confident that it will open another 30 venues during its 2007 financial year, and is currently on site at 11 additional units.
The company said that it expects to grow its business by around 20% in 2007, as a result of its expansion programme combined with its continued progress in strengthening margins and sales.
The group said that its current financial year had started strongly.
