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.
-
Oct- 2024 -23 OctoberCafes and Coffee Shops
Starbucks suspends FY guidance as Q4 revenues fall 3% to $9.1bn
Starbucks has decided to suspend its financial guidance for 2025, as consolidated net revenues dipped 3% to $9.1bn (£7bn) during the fourth quarter due to global sales falling 7% during the period. In light of the group’s recent performance, newly-appointed CEO Brian Niccol has said “it’s clear we need to fundamentally…
Read More » -
Sep- 2024 -11 SeptemberNews
Today’s news in brief – 11/09/24
Job vacancies have fallen below 100,000 for the first time since the pandemic, falling to 98,000, in what UKH has called a “positive milestone” for the sector. ONS figures also indicate that average earnings are 4% higher than a year ago, which UKH boss Kate Nicholls attributed to the LPC…
Read More » -
11 SeptemberTrade Associations
Hospitality vacancies fall below 100,000 for first time since pandemic
Job vacancies in food service and accommodation have fallen below 100,000 for the first time since the pandemic, falling to 98,000, in what UKH has called a “positive milestone” for the sector. However, vacancies still remain 5,000 higher than pre-pandemic levels of 93,000, the ONS’ labour market overview has revealed. …
Read More » -
Aug- 2024 -6 AugustNews
Today’s news in brief – 06/08/24
Domino’s has downgraded its FY profit forecast, as PBT plummeted 35.2% to £59.4m as total orders were down 0.9% compared with the same period last year. As a result, group revenues were down 1.8% to £326.8m in the half-year period, with lower supply chain revenue offset by increased corporate store…
Read More » -
6 AugustPeople
Papa John’s names Todd Penegor as new president and CEO
Papa John’s has announced the appointment of Todd Penegor as its new president and chief executive officer, effective immediately. Penegor succeeds interim CEO Ravi Thanawala in the role. Having held the role since March of this year, Thanawala will continue at the group in his chief financial officer role. Having…
Read More » -
Jul- 2024 -31 JulyTrade Associations
UKH calls new LPC 2025 remit ‘disruptive and unhelpful’
UKHospitality has called changes to the Low Pay Commission’s (LPC) remit for 2025 “disruptive and unhelpful”, claiming that wages rates must strike an “affordable balance to help deliver growth for both businesses and staff”. Business secretary Jonathan Reynolds has ordered the LPC to factor in the future cost of living…
Read More » -
29 JulyBusiness
Brighton Pier Group H1 sales falter due to poor weather
The Brighton Pier Group has reported that like-for-like sales in the first 18 weeks of the year were down by approximately £500k on the equivalent period in 2023, owing primarily to poor weather impacting trading on Brighton Palace Pier. In recent months, the group revealed that poor weather has continued…
Read More » -
26 JulyPubs and Bars
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…
Read More » -
9 JulyPubs and Bars
Marston’s to dispose of 40% stake in Carlesbeg JV
Marston’s has announced the sale of its 40% interest in Carlsberg Marston’s Limited to a subsidiary of Carlsberg for £206m in cash to create a business entirely focused on pubs. According to Marston’s, pubs are at the “heart of UK socialising and the UK pub market offers significant opportunities to…
Read More » -
Apr- 2024 -5 AprilRestaurants
GMB and Deliveroo launch landmark courier charter
GMB Union and Deliveroo have launched a landmark Respect Charter pledging positive relationships between riders and restaurants. A number of national restaurant chains and big-name supermarkets, including Wagamama, Wingstop, Bella Italia, Morrisons, The Co-op, Farmer J, Thunderbird and Whole Foods, have already signed the new charter. The Respect Charter includes…
Read More »
