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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Apr- 2023 -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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17 MarchNews
Deliveroo posts £300m loss despite revenues of £1.9bn
Food delivery business Deliveroo reported a loss for the year of almost £300m, according to its results for the FY22 period. Despite the loss, Deliveroo said it delivered a “strong year” of operational and financial performance which was ahead of expectations. The London-based company reported a 14% increase in revenues,…
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Jan- 2023 -31 JanuaryBusiness
Average hospitality wages rise 53% in 10 years
The average wage for someone working in hospitality has risen 53% over the last 10 years, the biggest rise of any industry, according to ONS data analysed by Hazelwoods Accountants. The average wage has risen from £328 per week in 2012 to £502 per week in 2022. Hospitality workers have…
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24 JanuaryPubs and Bars
Fuller’s issues profit warning as rail strikes wipe £4m from sales
Fuller’s has warned its full-year earnings may be lower than expected after its profitability was dented by rail strikes in recent months. Since the start of October, the group estimates that strike action wiped £4m from its sales, adding that the consequent impact on profitability means earnings may be below…
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Sep- 2022 -22 SeptemberRestaurants
Comptoir H1 profits surge 150% to £11.5m
Comptoir Group, the owner and/or operator of Lebanese and Eastern Mediterranean restaurants, has announced its profits surged 150% to £11.5m for the six-month period ended 3 July 2022 (H1 FY22), compared to £4.6m in H1 FY21. Group revenues also jumped 158.9% to £14.5m, compared to £5.6m in the comparable period…
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Aug- 2022 -17 AugustFood and Drink
Inflation hits new 40-year high at 10.1%
Inflation has once again broken records with a new 40-year high recorded last month, as the Consumer Price Index (CPI) hit 10.1% in the 12 months to July 2022, up from 9.4% in June. According to the Office for National Statistics (ONS), the biggest contribution to this figure was rising…
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Jul- 2022 -25 JulyRestaurants
91 M&A deals delivered in hospitality sector in last year
Some 91 merger and acquisition deals were delivered during the year up to June 30 2022 in the hospitality sector, of which 77% were completed by UK buyers, according to Shaw and Co. The corporate advisory firm has launched its second annual in-depth report into the Food and Drink sector.…
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Jun- 2022 -16 JuneBusiness
West End landlords Shaftesbury and Capco agree £5bn merger
Capital and Counties Properties PLC (Capco) and Shaftesbury have announced they have reached an agreement for an all-share merger, valuing the combined group’s portfolio at £5bn with annualised gross income of approximately £165.5m. Under the terms of the agreement, the Capco Group will own 100% of the issued and to…
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