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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Dec- 2023 -6 DecemberNews
Today’s news in brief – 06/12/23
SSP reported a 38% rise in revenues to £3bn and doubled its EBITDA during FY23. This success was fueled by revenue growth and profit conversion, with a notable 25% H2 revenues increase on a constant currency basis. While North America, APAC, and EMEA regions contributed strongly, the UK and Europe…
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6 DecemberPubs and Bars
Drake and Morgan EBITDA slides amid ‘record’ xmas bookings
Drake and Morgan has seen its adjusted EBITDA fall to £4.1m for the year ended 26 March 2023, down from £5m in the same period last year. However, the company saw its turnover increase to £43.3m up from the £35.9m it posted last year. The company put the EBITDA fall…
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6 DecemberFood and Drink
SSP Group revenues hit £3bn in FY23
SSP Group revenues rose 38% to £3bn for the full year ended 30 September, as EBITDA doubled to £280m compared with last year. The group attributed its performance to strong revenue growth and profit conversion, with H2 revenues growing by 25% on a constant currency basis. While the group saw…
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5 DecemberNews
Today’s news in brief – 05/12/23
Marston’s swung to a £30.7m loss despite revenues rising 9.1% to £872.3m, due to interest rate hikes and property valuations. Yet, with optimistic Christmas bookings, the pub chain noted encouraging revenue figures. Meanwhile, the group has appointed a new CEO, Justin Platt, effective 10 January. The group’s focus is on…
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5 DecemberPubs and Bars
Marston’s falls to £20.7m loss despite strong revenues
Pub chain Marston’s has fallen to a £20.7m loss despite reporting a 9.1% increase in revenues to £872.3m for the 52 weeks ending 30 September 2023. The loss comes in the face of a £163.4m profit a year earlier with the pub group attributing the performance to being hit by…
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Nov- 2023 -29 NovemberNews
Live gigging could deliver £2.4bn boost to hospitality, CGA says
Live music could be worth up to £2.4bn in revenue for the hospitality sector, a new nationwide survey conducted by the CGA by NIQ found. The Live Music Index, which was based on more than 1,000 artists and over 500 venues, revealed that by creating a stage for musicians to…
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27 NovemberNews
Today’s news in brief – 27/11/23
Pho is set for expansion, securing fresh funding following a 33.6% turnover surge to £58.3m in FY23. Despite a profit dip to £1.8m (from £5.6m) due to pandemic concessions, restaurant EBITDA held steady around £10.4m. The company attributes the profit decrease to prior government aid. While FY23’s EBITDA stood at…
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27 NovemberTrade Associations
Extended hours for Euro 2024 ‘essential’ for pubs and bars, says UKH
Hospitality trade body UKHospitality has warned it is “essential” that trading hours are extended for the semi-finals and final stage of the European Championships next summer. UKH chief Kate Nicholls said Euro 2024 is set to be a “huge event” for hospitality businesses next summer as fans pack pubs and…
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20 NovemberNews
Today’s news in brief – 20/11/23
Compass Group saw a 26.1% rise in operating profit, reaching £1.89bn for the year ending 30 September 2023. The group’s European arm saw a 31.5% profit increase to £392m, backed by robust margin growth and new business in diverse sectors. CEO Dominic Blakemore highlighted sustained growth expectations, with high single-digit…
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20 NovemberCatering Companies
Compass profits hit £1.89bn amid surging sales
Catering company Compass Group has reported a 26.1% increase in operating profit to £1.89bn for the year ended 30 September 2023. The group also recorded a 21.6% increase in revenues to £31bn compared with the previous year. Its operating margin was also up 60bps to 6.8% year on year. The…
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