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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Jul- 2024 -26 July
Marston’s reports 5.2% LFL sales boost
Marston’s has reported a 5.2% increase in its like-for-like sales in the year to date and a 6.2% rise in total retail sales in its managed and franchised pubs for the 42 weeks to 20 July 2024. Like-for-like sales also increased by 2.4% in the 16-week period to 20 July…
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26 July
Duo of restaurateurs expand presence in Chinatown
Korean street food brand Bunsik and Kung Fu Burger are opening new locations in London’s Chinatown. Bunsik will join Chinatown London’s food landscape in September, marking the restaurant group’s second site within the destination. The 900 sq ft site at 31 Wardour Street is next-door to Pochawa Grill, Maguro Group’s…
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26 July
Mitchells and Butlers LFL sales rise 3.4% in Q3
The operator of All Bar One and Toby Carvery, Mitchells and Butlers, has reported that like-for-like sales rose 3.4% during the third quarter to 20 July, as sales remained ahead of the market despite the generally wet weather. Following a “very” strong start to the year, the group’s Q3 growth…
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25 July
Today’s news in brief – 25/07/24
Compass Group revenues rose 10.3% during Q2, as all regions continued to perform well. The group stated that as revenues and industry trends remain strong, it provides Compass with an “exciting pipeline of new business opportunities”. Net new business growth also accelerated in Q3, whilst pricing moderated in line with inflation. …
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25 July
Compass Group sees revenues rise 10.3% in Q3
Compass Group has announced a 10.3% rise in its organic revenue growth for the third quarter ended 30 June 2024. All regions continue to perform well, with revenues in Europe increasing 12.0%, followed by a 9.9% increase in North America and a 8.5% increase in the rest of the world.…
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25 July
Tiger Inn put up for auction
The Tiger Inn in Coneythorpe near Knaresborough is to be put up for auction next month with a guide price of £275,000. The venue was put up for sale in February for £495,000 with specialist leisure agency Fleurets, which is continuing to market the property. Now the pub will also…
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25 July
Ireland drinks sales rise by 4.6% as customer habits shift
Drinks sales in Ireland pubs rose by 4.6% in the last 12 months fuelled by major shifts in people’s habits, CGA by NIQ has revealed. According to CGA’s On Premise User Survey, more than three quarters (78%) of people now typically visit drink-led pubs at least monthly, and nearly a…
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25 July
Popeyes joins Network Rail portfolio with Waterloo opening
Network Rail has announced the opening of Louisiana chicken chain Popeyes at Waterloo station, marking the brand’s entry into travel catering. The opening comes as, over the last 12 months, Network Rail has evolved the retail mix across its managed stations by introducing new brands and experiences at destination stations. …
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24 July
Today’s news in brief – 24/07/24
Tortilla saw a 5.9% drop in revenues to £31.5m in H1 ended 30 June 2024. The Mexican restaurant chain attributed this decline to its strategic decision in Q1 to condense to a dual delivery platform to improve profit conversion and increase focus on in store revenue. The group’s adjusted EBITDA…
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24 July
Tortilla HY revenues fall to £31.5m
Mexican restaurant group Tortilla has reported a 5.9% drop in revenues to £31.5m for the half year ended 30 June 2024. The group attributed this decline to its strategic decision in Q1 to condense to a dual delivery platform to improve profit conversion and increase focus on in store revenue.…
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