Burger & Lobster ‘pleased’ despite ‘challenging environment’

Burger & Lobster has revealed a 10% drop in sales from £42.2m to £37.9m in 2018, due primarily to the sale of its Manchester site. Overall EBITDA was £5.7m, down from £6.2m in 2017, which the business said was due to a “challenging operational environment in London for casual dining”. However it said gross profit margin was up from 61% to 65% which the business said was the result of “better labour and food and beverage cost” controls.