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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Sep- 2024 -18 SeptemberNews
Today’s news in brief – 18/09/24
Comptoir Group has seen its loss after tax widen to £1.7m in H1, despite reporting a revenue rise of 7.4% to £15.9m. Adjusted EBITDA loss before highlighted items also widened to £0.6m from £0.3m a year earlier. The group has attributed its mounting losses to its sustained restaurant opening programme. …
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18 SeptemberRestaurants
Comptoir Group losses widen to £1.7m in H1 despite revenue rise
Comptoir Group, the operator of Comptoir Libanais, Kenza, Shawa and Yalla Yalla, has seen its loss after tax widen from £0.8m to £1.7m in the six-month period to 30 June, despite reporting a revenue rise of 7.4% to £15.9m. Adjusted EBITDA loss before highlighted items also widened to £0.6m from…
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17 SeptemberNews
Today’s news in brief – 17/09/24
Pret A Manger’s global sales have hit £1.1bn for the first time in FY23, following its expansion into overseas markets. This comes as the group achieved its medium-term growth target during the period, which was set in 2021. The group aimed to double its size within five years, but instead…
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17 SeptemberNews
Knoops launches fundraise amid 110% FY revenue increase
Knoops is ring-fencing at least £1m in a campaign via Crowdcube to allow its customers to join existing investors in a wider £5m EIS fundraise as the company sees revenue increase in FY24. The proceeds will allow Knoops to add to its 21 stores in the UK, expand its retail,…
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10 SeptemberBusiness
UKHospitality calls for permanent, lower multiplier to avoid high business rates
UKHospitality is calling for a permanent, lower hospitality multiplier to avoid sky-rocketing business rates bills for thousands of hospitality businesses in April 2025. With current business rates relief set to end on 31 March next year, the chancellor must act to ensure already cash-strapped hospitality businesses aren’t left facing the…
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9 SeptemberRestaurants
Hostmore abandons bid to acquire TGIF
Hostmore has abandoned its plans to acquire TGI Fridays over legal issues. The news comes after the board confirmed that TGI Fridays lost control of TGIF Funding, which holds legal title to the franchise agreement royalties and other various fees and revenue from intellectual property of the TGI Fridays business. …
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6 SeptemberPeople
Chris Webb MP elected chair of APPG for hospitality and tourism
The All-Party Parliamentary Group (APPG) has elected Chris Webb, Labour MP for Blackpool South, as its chair for hospitality and tourism yesterday (5 September) at a meeting in Westminster. Damian Hinds, Conservative MP for East Hampshire, Caroline Voaden, Liberal Democrat MP for South Devon, and Daniel Aldridge, Labour MP for…
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Aug- 2024 -23 AugustBusiness
Hospitality sector claims leap 100% YoY in July
Claims in the UK’s hotel and catering sector have spiked by 100% in July, compared with the same time last year, according to trade credit insurer Atradius. This comes despite overall claims in the F&B sector declining by 75% in July, a pivotal time for tourism in the UK. According…
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19 AugustRestaurants
Wingstop UK opens 50th site amid ongoing expansion plans
Wingstop UK has opened its fiftieth UK site in Bolton, amid plans to expand its already growing portfolio, with six more locations planned for the remainder of the year. The group has already opened 11 sites this year alone.The new Bolton site, located in the UK’s largest retail park, will…
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7 AugustNews
Today’s news in brief – 07/08/24
Yum Brands has reported a 4% revenue rise to $1.7bn (£1.3bn) in Q2. The owner of KFC, Taco Bell, Pizza Hut and Habit Burger Grill saw company-wide sales grow 3%, as it opened 598 new restaurants across 57 countries during the period. KFC revenues increased 5% to $717m (£563m) in…
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