Profit Margin

Brewhouse and Kitchen narrows FY losses as margins improve

Brewpub operator, Brewhouse and Kitchen, has reported a full-year operating profit of £189k, up from a £675k loss the prior year, despite facing a “challenging” trading environment.  While the company’s turnover dipped slightly to £16.3m for the year ended 28 September 2024, down from £16.7m in the year before, shareholders’…

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Tortilla revenues surge to £68m in FY24

Fast-casual Mexican restaurant group Tortilla has seen a 3.5% increase in its FY24 group revenues to £68m, up from £65.7m in 2023, attributed to the strategic acquisition of Fresh Burritos in France, the addition of one UK company-owned site and a “strong” contribution from its franchise network. For the 52…

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SSP Group revenues rise 17% to £3.4bn in FY24

Travel caterer SSP Group has reported that revenues rose 17% to £3.4bn in the year ended 30 September, as operating profits jumped by 32% to £206m within the range of its planning assumptions.  The group has performed well in North America, the UK, and APAC and EEME, having benefited from…

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Should you list your business on a delivery app?

With the rapid rise of online food delivery, apps like Uber Eats, Just Eat, and Deliveroo have transformed the UK restaurant industry. The ease of ordering food with a few taps on a smartphone has made delivery apps a convenient choice for consumers. For restaurants, these platforms offer immediate access…

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Prezzo set to revamp restaurants

Prezzo has announced that it is set to embark on a programme of refurbishing its restaurants with several having already completed their transformations. In the last three months, Prezzo has completed several refurbishments of select restaurants across the UK, whilst more refurbishments across other venues will be taking place in…

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Compass raises profit and revenue guidance amid strong HY

Foodservice company Compass Group has raised its 2024 profit guidance towards 15% with organic revenue growth of 10% as the group reported an 11.2% increase in revenues to $20.9bn (£16.5bn) during H124. The group also reported an 18.7% rise in underlying operating profit to $1.47bn (£1.16bn). Additionally, its underlying profit…

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Today’s news in brief – 14/05/24

Marstons reported a £0.8m underlying loss before tax during H1. However, the group’s revenues increased 5.2% to £428.1m, with good momentum across food and drink sales. The pub group also recorded a 22% increase in underlying pub operating profit to £52.7m, with profit margin increasing from 10.6% to 12.3%.  Various…

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Marston’s reports £0.8m loss in H1 2024

British pub operator Marston’s has reported a £0.8m underlying loss before tax for the six-month period ending 30 March 2024. However, the group’s revenues increased 5.2% to £428.1m (H1 FY2023: £407.0m), with good momentum across food and drink sales and like-for-like sales up 7.3%, outperforming the broader market. The pub…

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Tortilla revenues rise 14% to £65.7m in FY23

Tortilla has reported that revenues rose by 14% to £65.7m in the year to 31 December 2023, as it built on the momentum from the previous year’s record. Like-for-like revenues also grew 3.6% during the period, equivalent to 4.9% when adjusted for the Q1 VAT benefit from 2022.  Meanwhile, adjusted…

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Prezzo returns to profitability following strategic review

Prezzo has revealed that revenues rose to £135m from £95m in the year ended 1 January 2023, following an increase in menu prices and a focus on efficiency. As a result, the Italian casual dining group’s profit margin also saw an uptick from 31.2% to 35%.  However, macroeconomic challenges during…

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