Various Eateries posts record FY profit and sales growth
Both Coppa Club and Noci had benefited from service and layout refinements, particularly at Coppa Club, which now transitioned more effectively from daytime to evening trade
Register to get 1 more free article
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
Various Eateries has reported record profitability and a return to like-for-like growth for the 52-week period ended 28 September, with full-year revenues expected to reach £52.4m, up by 6% year-on-year.
The group, which operates Coppa Club and Noci restaurant brands, said performance was ahead of market expectations of £50.7m and that adjusted EBITDA is expected to be at least £1.1m, compared with £0.3m a year earlier and “well above” consensus forecasts of £0.4m.
Various Eateries has attributed its profit growth to “continued operational optimisation”, including more efficient workforce scheduling, despite a £1.3m impact from higher minimum wage and national insurance costs.
Like-for-like sales also rose 2% across the year, reversing a 1% decline in 2024, with the second half showing 4% growth. The improvement was attributed to strong summer trading and menu changes designed to “premiumise” the offer with selected higher-priced items.
According to the group, both Coppa Club and Noci had benefited from service and layout refinements, particularly at Coppa Club, which now transitioned more effectively from daytime to evening trade.
Mark Loughborough, chief executive of Various Eateries, said: “Momentum from the first half carried into the second, with a return to like-for-like growth and record profitability demonstrating the progress we have made. Across the group, our teams are lifting standards site by site, refining menus, improving speed and consistency, and building stronger, more focused operations.
“We are becoming a more efficient and resilient business while continuing to enhance the guest experience, which in turn is driving stronger conversion and more repeat visits.”
The company ended the financial year with £8m cash on hand, up from £5.8m the previous year. It said it remained “ambitious for growth” and planned further expansion of its core brands, alongside exploring new opportunities that “complement our portfolio and strengthen our estate”.
