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- 2023 -24 JulyComment
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 JulyPubs and Bars
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 MayNews
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 MayBusiness
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 MayNews
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 AprilNews
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 AprilNews
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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18 AprilNews
City Pub Group reports 63% revenue growth in FY22
The City Pub Group, which owns 43 pubs across England and Wales, has reported that revenues rose by 63% to £57.8m for the year ending in December 2022, compared to £35.4m in 2021. Like-for-like gross sales for FY22 were up by 3%, improving to 7.8% in Q4, while pre-adjusted earnings…
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5 AprilNews
Prezzo returns to profit in FY results
Nationwide Italian restaurant group Prezzo saw a return to profitability following the removal of all covid restrictions, according to the group’s FY report for the period from 21 January 2021 to 2 January 2022. Through the first half of 2021, Prezzo, along with the whole of the hospitality sector, traded…
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Mar- 2023 -27 MarchNews
Tortilla Group revenues rise 20% in FY22
Tortilla Mexican Grill, one of the most successful fast-casual Mexican restaurant groups in the UK, has reported a revenue increase of 20% to £57.7m, according to its FY22 results. The increase, the group argues, is attributable to a variety of factors, including a 16.4% like-for-like revenue growth, the strategic acquisition…
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