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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May- 2024 -17 MayCafes and Coffee Shops
Joe and The Juice revenues jump 42% to £275.9m
Joe and The juice reported a 42% revenue increase to DKK 2.4bn (£275.9m) for the financial year 2023. For the first time in several years, the group also saw a positive operating profit (EBIT) which reached DKK 178m (£20.4m) compared to DKK -47m (-£5.4m)in 2022. The increase in operating profit…
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16 MayNews
Today’s news in brief – 16/05/24
Compass Group raised its 2024 profit guidance as revenues rose 11.2% during H1. The group also reported an 18.7% rise in underlying operating profit to £1.16bn. Moreover, it spent £294.3m on M&A, including the acquisition of Hofmann in Germany and CH&CO in the UK and Ireland completed, the latter being…
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16 MayCatering Companies
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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15 MayFood and Drink
Hospitality leaders remain cautious amid rise in revenues
Britain’s hospitality leaders remain cautious amid tentative signs of improved consumer spending and relief on some costs, CGA by NIQ’s latest Business Confidence Survey reveals. The exclusive poll revealed that 34% of leaders feel confident about prospects for the hospitality market over the next 12 months—down by seven percentage points…
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14 MayPubs and Bars
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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10 MayNews
Today’s news in brief – 10/05/24
Krispy Kreme’s revenues increased 5.7% to $442.7m (£353.2m) in Q1. Organic revenue for the group grew 6.7%, fueled by a 19.4% increase in points of access and the success of global brand activations including Valentine’s Day and St. Patrick’s Day doughnuts. Transactions at pubs, bars and clubs reached a 2024-high…
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10 MayNews
Krispy Kreme revenues hit $442.7m in Q1
Krispy Kreme’s revenues increased 5.7% to $442.7m (£353.2m) during the first quarter ended 31 March 2024. Organic revenue for the group grew 6.7% to $440.9m (£351.8m), fueled by a 19.4% increase in points of access and the success of global brand activations including Valentine’s Day and St. Patrick’s Day doughnuts…
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9 MayNews
Today’s news in brief – 09/05/24
Brewdog co-founder and CEO James Watt will step down after 17 years in charge. He informed the board of his decision last year and will be replaced by the company’s chief operating officer, James Arrow. He will still own 21% of the company and will hold the newly created title…
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9 MayRestaurants
Chopstix opens latest Welcome Break site
Chopstix has opened its latest site at Welcome Break Woodall Southbound Services on the M1, as it continues to invest in roadside locations. This opening marks its fourth site with the motorway service area (MSA) operator in the past six months. The new Welcome Break location is also the 17th…
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3 MayNews
Today’s news in brief – 03/05/24
Yum! Brands reported a 3% decline in revenue to $1.5bn (£1.1bn) for Q1. Operating profit for the group also declined by 1% to $520m (£414m), while core operating profit grew 6%. KFC revenues declined by 8% to $632m (£503m), while sales for the division declined 4% to $105m (£83m). Nightcap…
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