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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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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14 NovemberNews
Today’s news in brief – 14/11/23
UK pubs and bars saw a 7% source in average drinks sales in the week ending 4 November, driven by Halloween, Bonfire Night, and major sporting events. This performance, the best since September, follows a flat second half of October due to adverse weather. All drink categories, including cider, beer,…
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14 NovemberNews
Joe & the Juice acquired by General Atlantic
General Atlantic, a leading global investor, has announced it has entered into an agreement to acquire Joe and the Juice, a fast-growing freshly-made juice, coffee, and sandwiches concept, from Valedo Partners. General Atlantic first partnered with Joe and the Juice through a strategic minority growth investment in 2016. Since this…
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10 NovemberNews
Today’s news in brief – 10/11/23
Krispy Kreme reported net revenues of $407.4m (£333m) in Q3, marking a 7.9% increase compared with the same quarter in 2022. The international segment saw a 15.4% growth in net revenue. The company reported a GAAP net loss of $40.3m (£32.9m) for the quarter. Adjusted EBITDA in the quarter grew…
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10 NovemberNews
Krispy Kreme revenues hit $407.4m in Q3
Krispy Kreme reported net revenues of $407.4m (£333m) in Q3 2023, a 7.9% increase compared with Q3 2022. Total company organic revenues grew 9.6% in the quarter, led by the US, which delivered 10.2% organic growth in the quarter driven by growth across all sales channels, including delivered fresh daily…
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3 NovemberNews
Starbucks net revenues rise 11% to $36bn in FY23
Starbucks has announced that net revenue increase of 11% to $35.9bn (£29.4bn) for the full year ended on 1 October 2023. Global comparable store sales increased overall 8%. North America comparable store sales increased 9%, while international sales 5%. Operating income for the full year increased by 27% to $5.8bn…
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