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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Nov- 2020 -6 NovemberFood and Drink
Papa John’s revenues surge 17% in Q3
Papa John’s has announced that total group revenue increased 17.1% to $472m (£360.4m) in the third quarter ended 27 September, compared with $403m (£307.6m) in 2019. Pre-tax income rose to $20.8m (£15.9m) in Q3 from $678,000 (£516,324) last year, attributed to an increase in demand during the global pandemic. In…
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Oct- 2020 -26 OctoberCafes and Coffee Shops
Caffe Nero eyes CVA proposal
Caffe Nero is reportedly considering the launch of a company voluntary arrangement (CVA), as the pandemic takes a toll on its earnings. According to Sky News, the coffee chain is considering a CVA to cut costs on rent bills and exit loss-making outlets. Reports suggest it has not yet been…
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Sep- 2020 -28 SeptemberRestaurants
Partners Group acquires Côte Restaurants
Côte Restaurants has been acquired by global private markets investment manager Partners Group. It comes as the group said that coronavirus has had a “huge impact” on the business, despite “trading well” before lockdown, with “record” sales and strong EBITDA growth in the last financial year. Partners Group said it…
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16 SeptemberBusiness
Loungers restarts roll-out after post-lockdown bounce
Loungers has announced it plans to restart its roll-out plans after a successful post-lockdown reopening of its sites, citing the results have ‘‘strengthened” its belief in the scalability. The hospitality operator revealed like-by-like sales increased by 30% over the past 10 weeks across both its Lounges and Cosy Club brands.…
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Aug- 2020 -28 AugustCoronavirus
Hospitality leaders not confident about summer growth, report finds
Only 6% of businesses in the hospitality sector are confident of growth across the summer, according to the latest research from Barclays Corporate Banking. The study of over 300 senior hospitality and leisure executives found that on average, businesses predict their earnings will fall by 41% year-on-year against 2019 sales. …
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Jul- 2020 -20 JulyNews
The coronavirus diaries: DASH
Due to open the last week of March, DASH, a vegetarian healthy fast-food restaurant, was ready to make its debut. We had our new shop windows with branded decals, our ordering counter, coffee machine and kitchen downstairs all set up — we were in the most incredible prime position just…
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Jun- 2020 -17 JuneCoronavirus
Domino’s braces for earnings impact
Domino’s has warned of an impact on earnings after it incurred “considerable” additional costs during the lockdown period. Newly-introduced measures, such as halting in-store collections and implementing social distancing schemes and contact-free delivery boxes, have “more than offset” the benefits from increased delivery sales, according to the group. It therefore…
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15 JuneComment
The coronavirus diaries: Tara Smyth
On Thursday 26 March 2020, my partner, James Santillo and I celebrated two years of running The Duke’s Head. Thursday 26th March 2020 also happens to be the first day of our personal lockdown, not quite the day we had planned in our heads, but we did still drink the…
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May- 2020 -29 MayCoronavirus
Monthly pay for hospitality workers down 40%, says Fourth
The majority of furloughed hospitality workers could be earning “significantly less” than 80% of their normal earnings, according to the latest research by Fourth. In light of workers no longer receiving the average addition of 25% tronc to their monthly pay, workers are only receiving 60% of their usual wage…
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12 MayCoronavirus
Chancellor expected to extend furlough scheme to September
Chancellor of the exchequer Rishi Sunak is expected to extend the Government’s coronavirus furlough scheme to September, but reduce the amount people can claim to 60% of their earnings. According to Sky News, the move aims to prevent some 1.2 million redundancies, and comes after Sunak promised there would not…
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