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 -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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7 AugustNews
Yum Brands revenue hits $1.7bn in Q2
Yum Brands, which owns KFC, Taco Bell, Pizza Hut and Habit Burger Grill, has reported a 4% revenue growth to $1.7bn (£1.3bn) for the second quarter ended 30 June 2024. Worldwide system sales grew 3% including a 1% same-store sales decline. GAAP operating profit for the group increased 6% to…
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6 AugustNews
Today’s news in brief – 06/08/24
Domino’s has downgraded its FY profit forecast, as PBT plummeted 35.2% to £59.4m as total orders were down 0.9% compared with the same period last year. As a result, group revenues were down 1.8% to £326.8m in the half-year period, with lower supply chain revenue offset by increased corporate store…
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6 AugustNews
Domino’s lowers FY profit forecast
Domino’s has downgraded its FY profit forecast saying it now expects underlying EBITDA to be on the lower range of £144.3m – £149.2m. In the 26 weeks ended 30 June 2024, the pizza company saw its statutory profit-before-tax plummet 35.2% to £59.4m. However, underlying PBT slightly increased 0.8% to £51.3m.…
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Jul- 2024 -29 JulyBusiness
Brighton Pier Group H1 sales falter due to poor weather
The Brighton Pier Group has reported that like-for-like sales in the first 18 weeks of the year were down by approximately £500k on the equivalent period in 2023, owing primarily to poor weather impacting trading on Brighton Palace Pier. In recent months, the group revealed that poor weather has continued…
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25 JulyCatering Companies
Compass Group sees revenues rise 10.3% in Q3
Compass Group has announced a 10.3% rise in its organic revenue growth for the third quarter ended 30 June 2024. All regions continue to perform well, with revenues in Europe increasing 12.0%, followed by a 9.9% increase in North America and a 8.5% increase in the rest of the world.…
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