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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Feb- 2024 -5 FebruaryFood and Drink
Chopstix opens at Victoria Station
Chopstix has announced the opening of a new site at Victoria Place, the shopping and eating destination above Victoria Station, London, marking its second opening of 2024. The new Victoria Place site is located on the shopping centre’s first floor Food Terrace and marks another important strategic step in growing…
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1 FebruaryFood and Drink
Various Eateries reports FY23 losses despite 12% rise in revenues
Various Eateries has reported an adjusted EBITDA loss of £2.2m, despite revenues growing 12% to £45.5m during the year ending 1 October 2023. The loss has been attributed to the board’s decision to absorb the majority of price rises in a bid to strengthen Various Eateries’ long-term prospects. While total…
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Jan- 2024 -30 JanuaryFood and Drink
Chipotle to open first location in Uxbridge
Chipotle has announced that it is set to open its first restaurant in Uxbridge, London on 5 February. Chipotle currently has 17 locations in the Greater London area and is the only company of its size that owns and operates all of its restaurants in the US, Canada, and Western…
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29 JanuaryRestaurants
Buzzworks sees revenues rise to £29.9m
Buzzworks Holdings Limited has reported a 19% increase in revenue to £29.9m for the year ending 30 April 2023. Its like-for-like sales were also up 5.3% for the five weeks to 31 December 2023 which came on top of “strong growth” last year. However, the group recorded underlying EBITDA before…
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25 JanuaryRestaurants
SushiDog secures £800k investment for London openings
Quick service restaurant chain SushiDog has secured an investment of £800k from Middleton Enterprises to fuel the opening of four new sites in London. The news marks the second funding round into SushiDog, as Middleton Enterprises invested £612k into the business in April 2023. SushiDog’s ‘grab and go’ model offers…
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18 JanuaryPubs and Bars
Young’s reports 9.0% rise in revenues
Young’s and Co Brewery has reported a 9.0% increase in managed revenues and 7.2% increase in like-for-like sales for the five-week Christmas and New Year period ending 1 January 2024. Additionally, its total managed revenue rose 6.9% and 4.7% on a like-for-like basis for the 13 weeks ended 1 January…
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15 JanuaryFeatures
Why are insolvencies more likely to affect the hospitality sector?
According to PwC’s outlook for 2024, there will be a significant rise in corporate insolvencies in 2024, just shy of 30,000 with smaller businesses accounting for the lion’s share. However, it further added that industries most impacted are likely to be hotels and catering, along with manufacturing, and transport and…
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15 JanuaryPubs and Bars
Drake and Morgan delivers record Christmas
Drake and Morgan has announced record festive trading with like-for-like sales up 31.7% against the same period in 2022. This trading followed “record” Christmas bookings which were up more than 20% on last year across its whole estate. Despite this, the company saw its adjusted EBITDA fall to £4.1m for…
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12 JanuaryPubs and Bars
Nightcap revenues jump 65.7% amid bumper Christmas trading
Nightcap has revealed that group revenues jumped to £7.4m during the four-week period ended 31 December 2023, spelling a 65.7% rise compared with the same period last year. As a result, Nightcap’s revenues for the entire of December 2023 were the largest monthly revenues in its nearly three-year history since…
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11 JanuaryNews
Today’s news in brief – 11/01/24
Arc Inspirations has reported record sales for December 2023, as like-for-like sales increased by 19.9% compared with the same period last year. The news comes as like-for-like sales at BOX rose by 30%, 24% at Manahatta and 10% at Banyan, while recent openings in Nottingham, Sheffield and Birmingham all significantly…
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