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 -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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3 MayFood and Drink
Yum! Brands revenues dip 3% to $1.5bn in Q1
Yum! Brands, which operates KFC, Taco Bell and Pizza Hut, reported a 3% decline in revenue to $1.5bn (£1.1bn) for the first quarter ended 31 March. Operating profit for the group also declined by 1% to $520m (£414m), while core operating profit grew 6%. KFC revenues declined by 8% to…
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Apr- 2024 -24 AprilNews
Today’s news in brief – 24/04/24
Tortilla revenues rose by 14% to £65.7m in the year to 31 December 2023, as it built on the momentum from the previous year’s record. During the period, the group opened six sites in the UK as well as one franchise site, taking the total to 87 locations. According to…
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24 AprilCafes and Coffee Shops
Redemption Roasters closes £2.7m investment fund to fuel expansion
Coffee company Redemption Roasters has closed its latest £2.7m investment round as it is set to treble revenue over the next three years to help drive expansion and increase impact in London and across the UK. With a pre-money valuation of £22m, the company is set to launch four new…
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10 AprilFood and Drink
Sessions raises £3m to expand tech offering
Sessions has raised a further £3m from existing investors Guinness Ventures, in a bid to expand on its technology offering. The news comes as the hospitality growth platform is launching a new franchise arm, starting with SoBe Burger and Ivan Ramen. Since starting operations in 2020, the Sessions platform has…
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8 AprilNews
Today’s news in brief – 08/04/24
The latest transport strike has widened hospitality revenue losses to over £5bn, according to the NTIA. News follows the recent industrial action announced by the ASLEF union and London Underground, which ran from 5 April until today (8 April) and included a six-day ban on overtime. According to Kill, the…
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8 AprilTrade Associations
Latest travel strike widens industry losses to over £5bn, NTIA says
The Night Time Industries Association’s CEO, Michael Kill, has warned that the latest transport strike action has widened hospitality sector revenue losses to more than £5bn. News follows the recent industrial action announced by the ASLEF union and London Underground, which ran from 5 April until today (8 April) and…
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