Food and Drink

The latest news and updates on food, from the business journalists at Catering Today. We bring you the latest on what’s happening in the restaurants, bars and catering industry, with exclusive stories, analysis, best practice and industry comment.

Aug- 2024 -

9 August

Restaurant Brands International Q2 revenues hit $2bn

Restaurant Brands International (RBI) has revealed that total revenues leapt by 17.2% to $2.08bn (£1.63bn) from a year prior, as group-wide sales grew 5.4% to $11.25bn (£8.82bn) in the second quarter to 30 June. It comes as net incomes during the period rose by 13.5% to $339m (£265m), which the…
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6 August

Wingstop UK business up for sale

Wingstop has hired Goldman Sachs to conduct a sales process for its UK business, according to reports from Sky News. Sources told the outlet that the process was initiated in response to unsolicited expressions of interest from potential buyers. Goldman is understood to have begun issuing information about Wingstop UK…
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2 August

Welcome Break FY profits rise 7% to £72.7m

Welcome Break, the operator of 35 motorway service stations with F&B outlets and hotels, has had a successful year to 31 December 2023 as operating profits rose by 7% to £72.7m. According to the group, the year was successful in terms of overall performance, particularly in the peak holiday periods…
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2 August

Edinburgh hospitality braces for sales rise as Fringe begins

Edinburgh hospitality is due to benefit from a major rise in sales as Edinburgh Fringe and other festivals have kicked off today (2 August). Last year, Edinburgh welcomed almost 250,000 people to its festivals, which helped deliver a 30% rise in average daily sales for hospitality venues in the city…
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1 August

Restaurant groups see ‘strong’ delivery sales amid wet weather

Managed restaurant groups in Britain have recorded the strongest growth in delivery sales since the end of the pandemic restrictions due to unseasonal weather, according to CGA by NIQ’s latest Hospitality at Home Tracker. According to the Tracker, like-for-like sales in June were 17.1% higher than in the comparable month…
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1 August

Jerk Junction to open first shopping centre location

Caribbean street food brand Jerk Junction has announced that it is set to open its first shopping centre location in the Trafford Centre. Jerk Junction will occupy a 917 sq ft space in The Orient, located next to HOP Vietnamese. The brand was founded in Chorlton and its menu includes…
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Jul- 2024 -

30 July

Foodservice YoY inflation falls for 12 consecutive months

Year-on-year inflation in the foodservice sector has fallen for 12 months in a row, according to the latest Foodservice Price Index from Prestige Purchasing and CGA by NIQ. It comes as inflation in June stood at 3.6%, a rate now considered normal for the industry. The 12 consecutive months of…
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29 July

Euros and warm weather see drinks sales soar 14%

Drinks sales increased 14% in Britain’s pubs, bars and restaurants thanks to Euro 2024 final and much improved warm weather, according to CGA. The figure from CGA by NIQ’s Daily Drinks Tracker — for average sales in managed venues in the seven days to 20 July, against the equivalent period…
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22 July

Boxpark to close Shoreditch site

Boxpark has confirmed that it is set to close its East London site in Shoreditch by the end of this summer, after opening in October 2011 as a ‘meanwhile use’ scheme. The closure comes as Boxpark gears up for two new site openings later this year in Camden Town and…
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18 July

Roadchef returns to profitability

Roadchef has returned to profitability for the year ended 31 December 2023 after seeing its revenues jump 16.9% to £256m. It comes as the group reported profits before tax of £13.4m for the period, up from a previous loss of £6.6m. The group’s net assets also rose during the year…
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