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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Jul- 2024 -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…
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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…
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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…
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Nov- 2023 -28 NovemberNews
Today’s news in brief – 28/11/23
Shareholders backed TRG’s £506m sale to Apollo Global, privatising the company that operates Wagamama among others. Each share’s value of 65p signifies an enterprise worth of £701m. TRG’s strategies led to two earnings upgrades and £5m in cost savings, aligning with Apollo’s belief in TRG’s market prominence. Apollo’s reassurances about…
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28 NovemberNews
TRG shareholders approve £506m Apollo deal
The Restaurant Group shareholders have formally voted in favour of the company sale to US-based private equity company Apollo Global Management for £506m. During a general meeting held yesterday (27 November), 93.5% of shareholders voted in favour of the cash acquisition of the group, which includes Wagamama and the pub…
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Oct- 2023 -11 OctoberNews
Today’s news in brief – 11/10/23
Marston’s saw total retail sales rise by 11.2% during FY23, ended 30 September, with like-for-like sales rising by 10.1% compared with FY22. Sales for the 10-week period from 23 July to 30 September increased by 7.7% year-on-year. This included an upturn in the last five weeks, where like-for-like sales saw…
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11 OctoberRestaurants
Former GBK owner Famous Brands warns on profits
The board of directors of Famous Brands has issued a profit warning stating that its basic earnings per share (BEPS) may be 20% lower than expected for the six months ended 31 August 2023. The company stated that the reported BEPS is expected to be between 225 cents and 174…
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2 OctoberTrade Associations
UKH calls for no Christmas strikes amid ongoing rail dispute
Hospitality businesses such as Wasabi, Greene King and Fuller’s have signed an open letter alongside UKH to the Transport Secretary, RMT, ASLEF and Rail Delivery Group, urging them to resolve the ongoing disputes to avoid strikes over the Christmas period. It comes as fresh rail strikes, which began on Saturday…
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Sep- 2023 -26 SeptemberNews
Today’s news in brief – 26/09/23
Brighton Pier Group reported a decrease in total revenues, falling from £17.3m to £16.2m in H1, primarily due to declining sales in its bar division. Ongoing inflationary pressures impacted operating margins, resulting in lower earnings compared to the previous year. EBITDA dropped from £3m to £1.4m, with a loss before…
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26 SeptemberPubs and Bars
Brighton Pier revenues fall in H1 amid declining bar sales
The Brighton Pier Group has revealed that total revenues were down from £17.3m to £16.2m in H1, following a decline in sales from the group’s bar division. Following “exceptionally” strong trading from a post-pandemic surge in demand in the first half of 2022, ongoing inflationary pressures – in particular to…
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