All Results articles – Page 65
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Analysis & InsightVenturing forward
If I had to put forward one man who could dominate the UK’s eating and drinking-out scene over the coming 12 months, I would be hard pressed to look past Tim Bacon, the chief executive of Living Ventures
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NewsFY lfls up 4.3% at SSP
SSP, the travel concessions operator, has reported like-for-like sales growth of 4.3% for the year to 30 September 2013 driven by strong performances in Asia Pacific, Eastern Europe, the Middle East and Scandinavia
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NewsBatram: Don’t expect M&B lfls to be far from flat
A leading analyst has said that in terms of like-for-like expectations at the 17 weeks stage for Mitchells & Butlers (M&B), he doesn’t expect the figure to be far from flat.
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News
Kornicis festive lfls rise 5.5%
Kornicis, the London-based bar and restaurant group, has reported a 5.5% rise in like-for-like sales in its City and Canary Wharf heartland in the five weeks leading up to the New Year
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Eclectic: overall sales in line with expectations
Newly-listed bar company Eclectic Bar Group has updated on trading for the six month period ended December 2013 saying that ”overall sales for the period are in line with the Board’s expectations”.
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NewsBrewDog grows bar lfls 17%; reveals openings programme
BrewDog, the Scottish brewer and pub operator, grew like-for-like sales 17% at its established bars last year, co-founder James Watt has told M&C Report as he revealed the company’s openings programme for the first half of 2014
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Ribble Valley December lfls grow 15.5%
Ribble Valley Inns, the four-strong food-led pub business owned by the Northcote Group, saw like-for-like sales grow 15.5% during December and said it has further acquisitions in the pipeline.
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Analysis & Insight
Festive lfls rise 3.3% for sector
Like-for-like sales across 27 leading pub, restaurant and bar groups increased 3.3% over the festive season, with drink-led pubs in London the best performers at +6.5%, new figures show
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NewsWagamama FY lfls grow 3.4%
Wagamama, the Duke Street Capital-backed noodle chain, has told M&C Report that like-for-like sales grew 3.4% in the year to 28 April 2013 and emphasised that there’s “considerable potential” for continued expansion
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Lfls up 8.4% at Essenden
Essenden has reported an 8.4% increase in sales for the 15 weeks to 12 January 2014, with trading over the six week Christmas and New Year period up by 8.5%
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'Poor' on-trade hits Hop Back
Hop Back Brewery, the Wiltshire brewer, has cited poor national on-trade sales as the main reason for falling into the red in the year to 30 September 2013
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NewsSpirit Q1 Managed lfls grow 4.3%; Leased returns to growth
Spirit Pub Company has reported a 4.3% rise in like-for-like net sales in its Managed arm in the 20 weeks to 4 January - including growth of 7% over Christmas - while its Leased estate returned to like-for-like net income growth
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NewsGreene King managed lfls rise 6.3% over festive fortnight
Greene King, the brewer and pub operator, has reported a 5% rise in like-for-like sales at its managed sites in the past six weeks, with managed like-for-likes up 6.3% in the two weeks over Christmas and the New Year, including sales on Christmas Day up 12%
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Everards eyes six acquisitions in 2014
Everards managing director Stephen Gould has told M&C Report he hopes to add around six sites this year, as the company reports a 1.7% rise in profit before tax and exceptionals to £1.6m in the year to 30 September
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Peach eyes acquisitions as festive lfls grow 7.1%
Peach, the Oxfordshire-based multiple pub operator, says it’s looking to secure one or two more new sites this year as it reports a 7.1% rise in like-for-like sales in December
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FY EBITDA up 5% at Gusto and Blackhouse
Gusto and Blackhouse, the Living Ventures-owned restaurant brands, reported a 5% rise in EBITDA for the year to 31 March 2013 to £2.4m, as turnover climbed 7% to £27.3m
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NewsD&M turnover up 2.4%
Drake & Morgan has reported a 2.4% rise in turnover on a like-for-like basis to £4.1m for the three months to the end of June
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NewsGreggs could make 410 redundancies
Greggs says it could make 410 redundancies by decommissioning in-store bakeries and restructuring its management and support teams, which it says could save the company £6m per year from 2015
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NewsBarburrito founder steps down
Barburrito has said that co-founder Paul Kilpatrick has stepped down from the company to pursue other interests, as it reported a 16% rise in turnover to £4.6m for the year to 31 March 2013
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NewsBrown moves Domino's from Sell to Hold
Leading analyst Wayne Brown has upgraded Domino’s Pizza from Sell to Hold and raised his Target Price for the company following its Q4 results yesterday where it reported a 10.9% rise in UK like-for-like sales for the 13 weeks to 29 December