Yo! Has reported a 69.6% group sales hike to £152.5m for the year ending 27 November 2018.

It said the figure reflected Yo!’s “strategic pivot” with the acquisitions of Bento and Taiko, while the business had been “further diversified” by its merger with SnowFox, the second largest sushi kiosk company in the US.

In the UK, sales were up 5% to £88.9m.

“These results clearly show how we have significantly expanded our business with the Bento and Taiko acquisitions,” said CEO Richard Hodgson. “Not only has it doubled our revenues, it has completely diversified our business across geographies and formats, creating a more resilient business model for the future.

“This has only been strengthened by the recent SnowFox merger which has given us a number two position in the US market, and group system sales of $425m.

“But we are not resting on our laurels. As a global multi-brand, multi-format Japanese food group, we have an opportunity to drive the availability and quality of sushi and fresh Japanese food. In the UK in particular, we’ve spent the year identifying how to leverage our new combined knowledge to create new formats and products to broaden our appeal among UK consumers. We’re really excited about the coming year, as we continue to test new initiatives.”

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