Noci

Various Eateries revenues rise 8.8% to £24.7m in H1

Various Eateries has reported an 8.8% increase in revenues to £24.7m (H1 2024: £22.7m), with the growth largely driven by new site openings.   It also reported that gross profit rose by 93.1% to £2.6m, up from £1.3m the prior year, for the 26-week period ending 30 March 2025. Meanwhile, the…

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Various Eateries revenues rise 9% to £49.5m in FY24

Hospitality group Various Eateries has reported a revenue uplift of 9% to £49.5m in the year ended 29 September 2024, which was largely driven by new site openings.  During the year, Various Eateries also managed to hit adjusted EBITDA profits of £0.3m – up from a loss of £2.2m a…

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Various Eateries appoints new CEO

Various Eateries, the owner, developer and operator of restaurant, clubhouse and hotel sites, has announced the appointment of Mark Loughborough as chief executive officer, effective 20 January 2025. Loughborough brings over 30 years of experience in the hospitality industry, including most recently 14 years at Young & Co Brewery PLC,…

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Today’s news in brief – 12/11/24

Various Eateries expects its group revenues to beat expectations at £50.5m for the full year to 29 September, despite like-for-like sales declining by 1% by year-end. The operator of Coppa Club and Noci revealed that the elevated group revenues generated a small positive adjusted EBITDA, which was also slightly ahead…

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Various Eateries group revenues to beat expectations at £50.5m

Various Eateries expects its group revenues to be slightly ahead of market expectation at £50.5m for the full year to 29 September, a rise from £45.5m recorded last year, despite like-for-like sales declining by 1% by year-end.  The operator of Coppa Club and Noci revealed that the elevated group revenues…

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Various Eateries sales jump 10.2% to £22.7m in H1

Various Eateries’ sales increased 10.2% to £22.7m during the 26-week period ending 31 March 2024. Group like-for-like sales were marginally down, against a backdrop of one of the wettest winters since records began and with the company maintaining its strategy of absorbing most price increases.  While this strategy puts temporary…

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Today’s news in brief – 01/02/24

Some 800 licensed premises have been lost in Q4, according to CGA data. This represents an acceleration of closures from Q3 last year, when numbers fell by only 0.3%. Food-led pubs have been relatively resilient, with a 7.6% drop since March 2020, while community and high street pubs have dipped…

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Various Eateries reports FY23 losses despite 12% rise in revenues

Various Eateries has reported an adjusted EBITDA loss of £2.2m, despite revenues growing 12% to £45.5m during the year ending 1 October 2023.  The loss has been attributed to the board’s decision to absorb the majority of price rises in a bid to strengthen Various Eateries’ long-term prospects.  While total…

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Today’s news in brief – 01/11/23

Various Eateries reported revenues of £45.5m for the year ended 1 October, slightly exceeding market expectations, driven by new site openings. Despite battling a challenging macroeconomic environment, train strikes, and unseasonably wet summer weather, the group maintained like-for-like sales. However, Group EBITDA is expected to be a loss of £1.6m.…

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Various Eateries revenues surpass expectations in FY23

Various Eateries has announced that revenues for the year ended on 1 October were slightly higher than market expectations at £45.5m, largely driven by new site openings.  Group like-for-like sales were “maintained” despite the challenging macroeconomic environment, train strikes, and unseasonably wet weather during the summer months. Group EBITDA is…

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