News
The latest industry news 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.
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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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8 August
Today’s news in brief – 08/08/24
Deliveroo has returned to profit following a strong performance in H1. This comes after sustaining a loss of £82.9m in the year before. The group attributed its performance to “encouraging early signs in consumer behaviour”, with frequency returning to growth and retention improving due to improvements made to its consumer…
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8 August
HOSPA Professional Development launches IT leadership workshop
HOSPA Professional Development has announced the official launch of its Empowering Hospitality IT Leadership Workshop, following a successful pilot programme. Sponsored by Siemlus the workshop is designed to equip senior hospitality leaders with critical insights and strategies in IT. Taking the form of a two-hour webinar/seminar with options for hybrid…
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8 August
Greene King trials scheme to reuse and refill glass bottles
Greene King is participating in a reusable bottle scheme where glass bottles used in some of its pubs are returned to drinks producers for refilling as a way to cut the number of single-use glass bottles. The refillable bottle initiative which reuses beer, cider, spirits, wine and soft drinks bottles…
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8 August
Deliveroo returns to profit in H1 amid ‘encouraging’ consumer behaviour
Deliveroo has returned to profit following a strong performance in H1, as profits hit £1.3m for the period, up from a loss of £82.9m the prior year, as improved consumer retention and growing retail partnerships boosted sales. GTV was up by 6% to £3.7bn, with a constant currency GTV growth…
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8 August
Restaurant Associates acquires Grazing
Restaurant Associates, part of Compass Group UK&I, has acquired Grazing, the delivered-in workplace and venue catering specialists, for an undisclosed sum. Founded in 2007 by CEO Sam Hurst, Grazing has grown from one café to a corporate catering business offering delivered-in meeting, office and contract catering services to London’s business…
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8 August
Tortilla unveils its first app with new loyalty scheme
Tortilla has launched its first ever app, which includes a new loyalty programme – The Burrito Society. This latest announcement builds on the group’s new strategy which focuses on investing in technology along with the Tortilla brand to drive growth. The new app, which climbed to second spot in the…
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7 August
Today’s news in brief – 07/08/24
Yum Brands has reported a 4% revenue rise to $1.7bn (£1.3bn) in Q2. The owner of KFC, Taco Bell, Pizza Hut and Habit Burger Grill saw company-wide sales grow 3%, as it opened 598 new restaurants across 57 countries during the period. KFC revenues increased 5% to $717m (£563m) in…
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7 August
Heineken partners with AND Digital to implement new sales platform
Heineken UK has partnered with AND Digital to launch HeiDeal, a new “data-driven” sales platform. The brewer stated that the new platform would “transform” how its sales teams build valuable contracts, providing customers with a smoother experience and more tailored deals. HeiDeal will model multiple deal scenarios that optimise margin,…
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7 August
Yum Brands revenue hits $1.7bn in Q2
Yum Brands, which owns KFC, Taco Bell, Pizza Hut and Habit Burger Grill, has reported a 4% revenue growth to $1.7bn (£1.3bn) for the second quarter ended 30 June 2024. Worldwide system sales grew 3% including a 1% same-store sales decline. GAAP operating profit for the group increased 6% to…
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