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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Feb- 2024 -9 February
Yum Brands Q4 revenues hit $2.03bn
Yum Brands, the operator of KFC, Pizza Hut and Taco Bell, has reported that total revenues rose 1% to $2.03bn (£1.6bn) by the end of Q4, as net incomes rose 24% to $463m (£367.3m) during the period ending December 2023. The news comes as the group’s global operations saw a…
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8 February
Today’s news in brief – 08/02/24
UberEats revenues rose 19% year-on-year to $17bn (£13.4bn) during Q4 2023. According to the group, its total booking revenues increased by 22% year-on-year to $37.6bn (£29.8bn) during the same period. Combined mobility and delivery revenues at the company also grew 22% year-on-year to $8.7bn (£6.8bn). Star Pubs reported total sales…
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8 February
NFL announces three UK sports bar partners for 2024
The NFL has announced ETM Group, ARC Inspirations and Regional Taverns as its official UK sports bar partners for the 2024 season. ETM Sports Pubs and Kitchens will serve as the home of NFL hospitality in London while ARC Inspirations and its BOX venues serve as flagships in the Midlands…
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8 February
Six Nations opening weekend boosts pub sales by 42%
Star Pubs, the pub arm of Heineken UK, has reported that total sales across the Six Nations opening weekend were up 42% as rugby fans flocked to their local pubs to watch live sport. With afternoon and evening games on Saturday, the data suggested that punters chose to spend much…
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8 February
Hawksmoor revenues jump 20% to £90m in 2023
British steak restaurant company Hawksmoor has announced a revenue increase of 20% to £90m, with its established restaurants delivering EBITDA margins in excess of 20%. In 2023 the company opened another international restaurant – Hawksmoor Dublin opened in May, hitting weekly sales highs in excess of €230k (£196k) – and…
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8 February
UberEats revenues hit $17bn in Golden Quarter
Uber Technologies, which operates UberEats, revealed that delivery revenues increased 19% year-on-year to $17bn (£13.4bn) during the fourth quarter of 2023. According to the group, its total booking revenues increased by 22% year-on-year to $37.6bn (£29.8bn) during the same period. This led to revenues growth of 15% year-on-year to $9.9bn…
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7 February
Today’s news in brief – 07/02/24
Liberation Group revenues rose by a “record” 22.5% to £140m for the year ended 27 January, as sites saw an 8% rise in like-for-like growth. Additionally, the tenanted division also recorded a 4.3% increase in sales compared with the same period last year. Six Nations rugby is set to deliver…
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7 February
Just Eat appoints new CFO
Just Eat has announced that Mayte Oosterveld has been appointed as chief financial officer and member of its management board. Oosterveld joins from PLUS Holding B.V., a Dutch supermarket retailer with an annual consumer turnover of approximately €5bn (£4.2bn), where she served as chief financial officer. She is an experienced,…
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7 February
Pubs and bars gear up for Six Nations sales bump
After a challenging start to 2024 for pubs, bars and drinks suppliers, the Six Nations rugby tournament is set to deliver a welcome boost to sales, according to data from CGA. CGA research confirms the appetite for sport, with one in nine (11%) consumers visiting a venue to watch a…
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7 February
Liberation Group revenues hit £140m
Liberation Group, a privately owned premium pub operator and brewing group, has reported a “record” performance for the year ended 27 January 2024, as its total group revenues were up 22.5% to £140m versus the same period last year. With sites stretching from Mayfair in London to St Aubin in…
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