Earnings
Our Earnings coverage delivers detailed reporting on the financial results of key players in the UK foodservice and hospitality sector, including restaurant groups, pub chains, catering firms, and supplier brands. We analyse revenue performance, profit trends, cost pressures, and investor outlooks, helping operators benchmark against industry peers and assess commercial resilience, market dynamics, and growth opportunities across the trade.
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Feb- 2020 -10 FebruaryBusiness Bites
Ocado ditches Waitrose; Bill gates orders £500m beast-yacht; Boris to lower immigration wage threshold
A busy start to the week in the business pages. As the coronavirus story unfolds I am reluctant to spend every day providing updates on it, but it is worth noting quickly that there is likely to be some worldwide economic turbulence due to the latest developments. A slew of…
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Jan- 2020 -24 JanuaryBreweries and Distilleries
Marston’s delivers ‘credible’ trading performance
Marston’s has announced overall like-for-like sales increased by 1% in the 16-week period ended 18 January. Trading over the Christmas fortnight was “strong”, with a like-for-like sales growth of 4.5%. The brewer said this period compensated for more “subdued” trading in the first three weeks of December, when poor weather…
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13 JanuaryPubs and Bars
City Pub Group warns on profits as ‘one-off factors’ hit earnings
The City Pub Group has warned that its earnings will come in slightly below expectations after a series of “one-off factors” dented its profitability. The owner and operator of 47 premium pubs across Southern England and Wales, revealed that for the 52-week period ending 29 December 2019 turnover was up…
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Dec- 2019 -9 DecemberRestaurants
Pho owners consider sale ahead of expansion plans
The private equity owners of vietnamese restaurant chain Pho are reportedly mulling over a potential sale of the business. According to the Sunday Telegraph, Gresham House, which acquired the chain from Livingbridge in 2018, is considering offloading the business before it embarks on a plan to increase its store state.…
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Nov- 2019 -20 NovemberTrade Associations
UKHospitality launches new manifesto supporting UK’s hospitality sector
UKHospitality has published its new manifesto which outlines its desires of change from the incoming Government and the new Parliament in support of the UK’s hospitality sector. The document, Menu for Change, outlines “opportunities” for the incoming Government to support, and work collaboratively with, a sector that employs 3.2 million…
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19 NovemberPubs and Bars
Ei Group earnings slip following large-scale property disposal
Pub company, Ei Group, saw earnings slide by £11m to £276m for the financial year ended 30 September 2019, largely affected by the disposal of 354 commercial property assets. The group’s total portfolio now amounts to 125 properties, compared with 412 last year, but it added that average net income…
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Aug- 2019 -28 AugustRestaurants
Pizza Express group earnings down by 7.7% in H1
Pizza Express saw its group earnings drop by 7.7% for H1, in spite of a small rise in sales for the 26 weeks up to 30 June. Group EBITDA for H1 was down 7.7% to £32.4m, with total sales up 2.6% and like-for-like sales up 0.2%. The group cited “industry-wide…
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1 AugustAnalysis
Who now thinks Byron was worth £100m?
There was a time when Byron was all the rage. Perhaps the earliest successful British recreation of the exploding American ‘posh burger’ trend, it struck a chord with affluent London millennials and quickly became a posterchild for high-growth restaurant businesses in the fast-casual segment. Founded by Tom Byng in 2007…
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Jul- 2019 -29 JulyRestaurants
Byron’s earnings down to £500,000
Restaurant chain Byron Burgers has reported a sharp decline in adjusted earnings for the year ending 24 June 2018. Adjusted EBITDA fell to £500,000, compared with £4.7m for the same period last in 2017. Results were impacted by company voluntary arrangements (CVA) which were agreed in January 2018, allowing the…
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Mar- 2019 -12 MarchAwards & Events
Ei Group achieve Investors in People Gold Award
Pub operator, Ei Group, has achieved the Investors in People Gold Award, which is given to organisations who “demonstrate excellence in developing and supporting their employees”. Following a re-assessment process, the pub group now joins a small list of accredited organisations across the UK that have achieved the gold standard.…
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