Revenue
Our coverage brings together critical reporting on revenue performance across the UK hospitality and foodservice sector. We cover everything from operator trading updates and income breakdowns to revenue drivers like pricing, footfall, menu engineering, and channel diversification. Whether you’re a multi-site pub group tracking seasonal income, a restaurant CFO analysing unit economics, or a catering firm monitoring year-on-year growth, our coverage offers sharp insights into how businesses are generating, and protecting, revenue in today’s market. Expect detailed financial reporting with practical relevance for commercial foodservice leaders.
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Nov- 2024 -8 NovemberCafes and Coffee Shops
Krispy Kreme falls to $16m loss in Q3 as UK market underperforms
Krispy Kreme has seen losses widen to $16m (£12.9m) in its third quarter, up from a loss of $2.1m ( £1.7m) the prior year, as the UK market underperformed over the period. In the quarter ended 29 September 2024, net revenues fell by 6.8% to $379.9m (£305.9m), down from $407.4m…
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7 NovemberRestaurants
Foodservice inflation falls to 2.4% in September
Foodservice price inflation fell to 2.4% in September, the 15th consecutive month of easing, according to data from CGA. However, nine out of ten categories show month-on-month price increases highlighting persistent inflationary pressures. This marks the fourth consecutive month of overall month-on-month inflation. The Vegetables category continues to report high…
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5 NovemberFeatures
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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Oct- 2024 -30 OctoberNews
Budget: Increases to employers’ NI and minimum wage
The Chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn in taxes, pledging to also boost long-term growth and “mark an end to short term-ism” as part of Labour’s first budget since it came into power. Employers’ National Insurance contributions…
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21 OctoberBusiness
Hospitality insolvencies show signs of easing
Accommodation and food service insolvencies fell 16% month-on-month in August 2024, from 323 to 270, the lowest monthly figure since January 2024, according to the Insolvency Service. Furthermore, insolvencies were down 29% when compared with the same month last year. However, insolvencies in the sector increased 9% in the year…
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21 OctoberNews
Top 100 restaurant groups see profits dip to £244.1m in 2024
The UK’s top 100 restaurant groups have seen their profits dip from £246.5m in 2023 to £244.1m in 2024, new research by UHY Hacker Young shows. UHY Hacker Young said that the slight dip in profits is a “creditable performance” considering the challenges the sector has faced from the cost-of-living…
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17 OctoberNews-In-Brief
Today’s news in brief – 17/10/24
Deliveroo’s GTV rose 6% to £1.7bn in Q3 as the company maintains its full year guidance. Total orders increased 2%, while GTV per order was up 4% in constant currency and revenue increased 4% to £498m. In the UK&I, GTV growth reached £1bn, a 7% increase year-on-year, with order growth…
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17 OctoberNews
Deliveroo GTV reaches £1.7bn in Q3
Deliveroo saw its gross transaction value (GTV) increase 6% to £1.7bn in the third quarter as the company maintains its full year guidance. Total orders increased 2%, while GTV per order was up 4% in constant currency and revenue increased 4% to £498m. In UKI, GTV growth reached £1bn, a…
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17 OctoberRestaurants
Boxcar Group launches Bread and Wine in Connaught Village
Boxcar Group has announced the launch of its third venue, Bread and Wine in Connaught Village, Hyde Park London. The new venue will be an all-day dining destination and will have 70 covers across indoor and outdoor areas. The venue will be led by head chef Zisis Gkalmpenis who will…
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9 OctoberNews
Marston’s sales increase 5.8% in FY24
Marston’s total retail sales increased 5.8% according to its preliminary results for the 52 weeks to 28 September 2024. The UK operator of 1,339 pubs said it also saw its like-for-like sales increase 4.8%, outperforming the broader market. The group said that both food and drink have shown “good momentum”…
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