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 -31 MayOpinion
Are we really out of the woods?
For most of us in hospitality: the last nine to 12 months have been very challenging indeed. One well known operator said to me recently that these were the worst trading conditions he had encountered in 40 years. My hospitality career nowhere near stretches that long, but I agree with…
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29 MayNews
Admiral Taverns acquires 37 pubs from Fuller’s
Admiral Taverns has announced that it has reached an agreement to acquire a portfolio of 37 freehold pubs from Fuller’s for a total consideration of £18.3m. The portfolio of 37 community, wet-led sites spans London and the Home Counties including Surrey, Sussex and Hampshire. The group said the acquisition not…
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24 MayFood and Drink
SSP Group revenues rise 19% to £1.5bn in H1
Global travel concessions operator, SSP Group, has reported that it is on track to deliver on its full-year expectations, as revenues rose 19% on a constant currency basis to £1.5bn during the half-year ended 31 March. This comes as like-for-like sales rose 12% during H1, with a very strong performance…
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17 MayNews
Today’s news in brief – 17/05/24
Joe and the Juice reported a 42% revenue rise to £275.9m for 2023. For the first time in several years, the group also saw a positive operating profit, which reached £20.4m. The increase in operating profit was primarily driven by a continued focus on profitability and on the opening of…
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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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