Restaurants

Fulham Shore revenues soar 27% in three-week period

In a trading update, the group also announced that fitting out works have commenced on two new Franco Manca restaurants, in Blackheath Village and London’s Baker Street

Fulham Shore, the owner of Franco Manca and The Real Greek, has announced a 27% two-year spike in group revenues in the three weeks ended 5 September 2021.

The growth marks an acceleration from Fulham Shore’s average 8% climb in revenues for the eight weeks leading up to 17 August, when the group released its FY21 financial results.

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In a trading update, the group also announced that fitting out works have commenced on two new Franco Manca restaurants, in Blackheath Village and London’s Baker Street.

Moreover, 15 additional sites are currently in solicitors’ hands for both the Franco Manca and The Real Greek brands.

David Page, chairman at the company, said that the group is “very encouraged by the accelerating revenue growth trends” seen in the three-week period, “despite continued challenging trading conditions”.

He added: “This reflects the popularity and relevance of both Franco Manca and The Real Greek, underpinned by their great food and fantastic value.

“We continue to see a number of exciting growth opportunities and are on course to open 10 locations during the current financial year, with more than 150 additional sites in our medium-term plans.”

Fulham Shore also revealed that its AGM is set to take place on 29 September 2021, alongside the release of a financial update on H1 of the year ended 26 September 2021.

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