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.

  • Aug- 2023 -
    1 August
    Food and DrinkGreggs profits jump 14.2% to £63.7m in H1

    Greggs profits jump 14.2% to £63.7m in H1

    Bakery retailer Greggs has revealed that its underlying profit before tax excluding exceptional items increased 14.2% to £63.7m in the 26 weeks ended 1 July.  This comes as the group’s total first-half sales increased 21.5%, with company-managed shops experiencing a like-for-like increase of 16%.  Meanwhile, an underlying earnings growth of…

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  • Jul- 2023 -
    31 July
    Food and DrinkMcDonald’s sales rise 11.7% in Q2

    McDonald’s sales rise 11.7% in Q2

    McDonald’s has revealed that its global comparable sales increased by 11.7% for the second quarter ended 30 June, with double-digit growth reported across each segment.  The fast food giant’s digital Systemwide sales in its top six markets were also over $8bn (£6.2bn) for Q2, which represents nearly 40% of its…

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  • 25 July
    NewsBrighton Pier Group reports ‘widespread decline’ in Q2

    Brighton Pier Group reports ‘widespread decline’ in Q2

    Brighton Pier Group has announced that total sales for the six months ending 25 June 2023 are expected to be in the region of £16.2m. The group said that the second quarter “has proved more difficult”, with sales remaining behind 2022. It added that the current macroeconomic environment is leading…

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  • 24 July
    CommentHow will the industry be affected by the new allocation of tips?

    How will the industry be affected by the new allocation of tips?

    Do you think the new Employment Allocation of Tips Act will genuinely work in redistributing the fair share of tips? I don’t believe this legislation touches the surface of the subject. I think it addresses principally what you said at the beginning of our discussion, which is where tips and…

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  • 19 July
    Pubs and BarsHospitality businesses fear closure as no-show diners cost £90 per head

    Hospitality businesses fear closure as no-show diners cost £90 per head

    No-show diners are costing restaurant owners almost £90 per head as a result 18% of restaurant, pub and bar owners consider closing for good, according to new data from Barclaycard Payments. The data revealed that with the majority (60%) of customers giving 24 hours or less notice when cancelling their…

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  • May- 2023 -
    15 May
    NewsPub Punch Q2 revenues hit £158m

    Pub Punch Q2 revenues hit £158m

    Punch Pubs has recently reported revenues of £158.1m for the 28 weeks ended February 2023, compared to £142.6m for the same period last year. Earnings before taxes for the group were £37.5m, slightly less than the £38.6m reported the previous year. Punch Pubs has said that last year’s results benefited…

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  • 10 May
    BusinessCompass Group HY profits surpass £1bn

    Compass Group HY profits surpass £1bn

    The Compass Group has announced that its profits have surpassed £1bn for the six months ended 31 March 2023. This number is up from £744m in the same period last year which is an increase of 41.1%. The company also posted revenues of £15.8bn, an increase of 24.7% on the…

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  • 3 May
    NewsRestaurant Brands International sees Q1 earnings hit $588m

    Restaurant Brands International sees Q1 earnings hit $588m

    Restaurant Brands International which runs Burger King, Popeyes, Tim Hortons and Firehouse Subs, has revealed its earnings hit $588m (£469m) for the quarter ending in March 2023 as its global sales increased 10%. The company said the performance, which beat analysts expectations, was driven by increases in its segments as…

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  • Apr- 2023 -
    24 April
    NewsBrighton Pier Group revenues hit £59m post-Covid

    Brighton Pier Group revenues hit £59m post-Covid

    The Brighton Pier Group recently reported revenues of £58.9m for the 18 months ending 25 December 2022.  The majority of the revenues came from the group’s pier division, which accumulated a total of £25.3m, compared to £9.6m in 2021.  The results also show the business has rebounded strongly, especially by…

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  • 21 April
    NewsDeliveroo Q1 revenues rise 4% despite fall in orders

    Deliveroo Q1 revenues rise 4% despite fall in orders

    Deliveroo has recently reported a 4% rise in revenue in its Q1 trading update, although the group saw the number of orders decline by 9%.  Gross transaction value was also 1% lower in the period, which the food delivery company attributes to the continued impact of food price inflation.  The…

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