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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Oct- 2023 -27 OctoberNews
Punch Pubs revenues increase to £313.5m in FY23
Punch Pubs has today (27 October) announced total revenues of £313.5m for FY23, up from £284.4m in FY22. Over the 52 week period Management Partnership revenue has increased 24% from £112.8m to £139.8m. All three divisions for the group – leased and tenanted, management partnership and laine – delivered like-for-like…
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18 OctoberNews
Today’s news in brief – 18/10/23
Just Eat has increased its full-year guidance following a return to sales growth in Q3. Gross transaction value in Northern Europe and UK&I grew by 6% and 4%, respectively. However, North America saw a slower trajectory with an 18% decrease in GTV.In response to the overall GTV growth, Just Eat…
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18 OctoberNews
HOSPA announces line-up ahead of annual industry conference
HOSPA, the Hospitality Professionals Association, has announced the line-up of industry experts ahead of its annual HOSPACE conference in November. Taking place at Royal Lancaster London on 16 November, HOSPA will play host to an array of discussions and insightful workshops addressing a range of topics, such as the rapid…
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17 OctoberNews
Today’s news in brief – 17/10/23
Revolution Bars Group reported a pre-tax loss of £22.2m in FY23, despite achieving revenues of £152.6m due to challenging times. The acquisition of Peach Pubs, with 14.1% like-for-like sales growth, provided diversification but couldn’t offset an 8.7% decline in like-for-like sales for the entire group. EBITDA fell to £17m, compared…
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17 OctoberNews
Revolution Bars falls to £22.2m loss amid challenging trading
Revolution Bars Group, a leading UK operator of 67 premium bars and 22 gastro pubs, has reported a £22.2m loss before tax in FY23, despite revenues hitting £152.6m, as it faced “very challenging times”. Peach Pubs, which was acquired by the business in October 2022, delivered 14.1% LFL sales in…
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11 OctoberRestaurants
Former GBK owner Famous Brands warns on profits
The board of directors of Famous Brands has issued a profit warning stating that its basic earnings per share (BEPS) may be 20% lower than expected for the six months ended 31 August 2023. The company stated that the reported BEPS is expected to be between 225 cents and 174…
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6 OctoberNews
Wetherspoon revenues rise 10% to £1.9bn in FY23
JD Wetherspoon reported a 10.6% revenue increase to £1.9bn for the year ended on July 30 2023. Compared to FY19, like-for-like sales for the financial year increased by 7.4%. Bar sales increased by 2.1%, food sales by 13.7%, slot/fruit machine sales by 43.0% and hotel sales by 15.4%. Like-for-like sales,…
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5 OctoberNews
Krispy Kreme mulls sale of Insomnia Cookies
Krispy Kreme has announced it is exploring strategic alternatives for Insomnia Cookies, to include considering an all-cash sale. Krispy Kreme acquired a majority stake in Insomnia Cookies in 2018 and expects revenues of approximately $230m (£189.5m) in fiscal year 2023. The recent decision enables Krispy Kreme to unlock shareholder value…
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2 OctoberTrade Associations
UKH calls for no Christmas strikes amid ongoing rail dispute
Hospitality businesses such as Wasabi, Greene King and Fuller’s have signed an open letter alongside UKH to the Transport Secretary, RMT, ASLEF and Rail Delivery Group, urging them to resolve the ongoing disputes to avoid strikes over the Christmas period. It comes as fresh rail strikes, which began on Saturday…
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Sep- 2023 -29 SeptemberNews
Hostmore to defer new openings to 2025 amid challenging trading
Hostmore has revealed it has decided to delay any new restaurant openings until at least 2025, saving approximately £15m of cash expenditures, as it battles challenging trading conditions. The news comes after the group reported improved cost reductions of £8.2m, compared with the £5.9m previously announced, for the 26 weeks…
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