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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Aug- 2023 -9 AugustNews
HOSPA launches professional development grants to fuel career growth
HOSPA, the Hospitality Professionals Association, has announced the launch of new professional development grants to support individuals in the UK hospitality industry. According to HOSPA, the professional development grants are designed to significantly reduce the financial burden of courses. Successful applicants are eligible to receive support for up to 70%…
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Jul- 2023 -27 JulyRestaurants
Chipotle sees revenues hit $2.5bn
Chipotle has revealed that its total revenue in Q2 2023 was $2.5bn (£1.93bn), an increase of 13.6% compared with Q2 2022, according to its recent trading update for the three months ended 30 June 2023. It said that the increase in total revenue was driven by a 7.4% increase in…
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25 JulyCatering Companies
Compass Group revenues grow 15% in Q3
Foodservice company, Compass Group, has revealed that its performance was strong in the third quarter ended 30 June, with organic revenue growing 15%, despite lapping higher comparators due to recovery of base volumes. The group also revealed that year-to-date organic revenue growth was 21% after benefiting from “excellent” client retention…
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17 JulyNews
Tortilla revenues increase 22% in H1
Fast-casual Mexican restaurant group, Tortilla Mexican Grill, has reported a 22% revenue increase to £32.7m for the half year ended 2 July 2023. The group’s LFL revenue also increased 8.4% during the period. Net debt reported was in line with expectations at £1.6m. Tortilla reported that franchised sites performed particularly…
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14 JulyAnalysis
Analysis: Late Night Levy Extension – A Further Blow to an Already Strained UK Hospitality Sector
UKHospitality, the country’s leading hospitality trade association, has branded the extension a “damaging blow” to an industry already dealing with the repercussions of the pandemic and a series of national rail strikes. The late-night levy was first introduced in 2014 to offset the costs of policing late-night activity. The recent…
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14 JulyAdvice
How to Set Up a Restaurant Business: A 10-Step Guide
1. Define Your Concept Before you begin, you must have a clear understanding of your restaurant concept. This includes the type of food you want to serve, the ambiance you want to create, the price point, and the demographic you aim to attract. Your concept will be the guiding principle…
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6 JulyCafes and Coffee Shops
Joe and the Juice revenues jump 49% in FY22
Danish chain of juice bars and coffee shops, Joe and the Juice, has revealed that revenues increased by DKK 558m (£63.9m) to DKK 1.7bn (£124.6m) in FY22, demonstrating a 49% jump. The group’s operating profit also increased from DKK 271m (£31m) in 2021 to DKK 276m (£31.6m) in FY22, with…
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Jun- 2023 -28 JuneRestaurants
Various Eateries sales up 16% to £20m in H1
Various Eateries’ revenues have increased by 16% to £20.6m in the half-year ending 2 April, up from £17.7m in H1 2022, while like-for-like sales marginally increased. Despite this, the group reported a decrease in gross profit to £0.6m, down from £1.5m in the same period last year, and a loss…
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27 JuneNews
Chopstix refurbishes Peterborough site as part of capex programme
Chopstix has renovated its Peterborough site as part of its seven-figure capex programme to supplement its expanding footprint. Having reopened this month after a £100,000 refurbishment, the high street site on Long Causeway follows the redevelopment of several Chopstix equity stores in recent months including Oxford Street, Nottingham and Reading…
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26 JuneComment
Restaurants turn to tech to take on a tough economy
The restaurant industry has demonstrated unprecedented resilience in recent years. Coping with wave after wave of challenges, from the devastating impact of the Covid-19 pandemic to chronic labour shortages and skyrocketing energy costs, it has bounced back again and again. At a time of extreme economic and financial volatility, restaurant…
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