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Yo Sushi defies high street woes with 4% sales increase

Yo Sushi has announced it has seen a 4% rise in like-for-like sales for the year ending 27 November 2017.

The group’s EBITDA also saw a 21% rise, while overall sales increased marginally from £88.4m to £89.9m.

Yo Sushi Holdings was dissolved in 2017 leading to intercompany debt owed to YO Sushi being waived.

The company’s recent financial results do not include the company’s Bento and Taiko franchises which have been thriving in the US following successful investment. The latest results mean that the company is one of the largest sushi providers outside of Japan.

Yo Sushi CEO Richard Hodgson said: “The last year has seen the group significantly diversify its strategy and business model and more than double its turnover with the acquisitions of Bento and Taiko. This positions Yo! as a global multi-channel, multi-format food group well placed to take advantage of the worldwide demand for naturally healthy Asian food in restaurants, at home and on-the-go.

“It is still early days in terms of fulfilling that potential, but we are already seeing exciting opportunities as the group moves to the next stage of its growth and development.”

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