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- 2022 -12 AugustNews
Rapidly escalating energy bills are killing pubs, says BII
The British Institute of Innkeeping (BII) has written to the secretary of state for BEIS and the chancellor to highlight the “devastating” impact of the energy crisis on its members running independent pub businesses and calling for urgent, essential support from the government. The news comes as licensees across the…
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10 AugustRestaurants
Deliveroo losses widen as Simon Wolfson steps down from board
Deliveroo has revealed its H1 pre-tax losses have widened to £147m from £95m the year prior and also confirmed that Next CEO Simon Wolfson has decided to step down from its board. The food delivery service saw revenue increase 12% to £1.01bn in 2022 compared with £907m in 2021, additionally,…
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3 AugustBusiness
Just Eat parent suffers €3.5bn write down on US business in H1
Just Eat Takeaway has written down the value of its US subsidiary Grubhub by €3.5bn (£2.9bn), a year after it purchased the food delivery group for $7.3bn (£5.98bn). Meanwhile, Just Eat Takeaway expects its profitability to continue improving going forward and is maintaining its outlook for FY22. Just Eat expects GTV…
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Jul- 2022 -26 JulyFood and Drink
Compass Group raises forecast amid post-pandemic recovery
The Compass Group has increased its FY22 organic revenue growth guidance from 30% to 35%, due to a “significant acceleration” in growth and ongoing recovery of its base business. The announcement comes as the company reported that its revenues for the third quarter ended 30 June 2022 (Q3) were at…
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22 JulyRestaurants
Franco Manca operator Fulham Shore returns to profit
The Fulham Shore plc has reported operating profits of £6.7m, compared with a loss of £4.8m in 2021 and profits before tax of £3.9m compared with a loss of £7.5m in 2021. During the year ended 27 March 2021, it also reported that its revenues increased 105% to £82.7m (2021:…
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18 JulyRestaurants
Tortilla revenue soars 60% in H1
Tortilla has welcomed strong top-line growth during the first half of FY22, with group revenue soaring 60% to £26.9m, or an increase of 55% excluding the impact of the Chilango acquisition. The group said this performance was underpinned by growing customer demand for Tortilla’s food as well as the group’s…
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18 JulyBeverages
Fever-Tree profits ‘worsened’ by cost of headwinds
Fever-Tree has revealed that it anticipates gross margins of around 37% and an EBITDA margin of around 14% for the first half due to the reported impact of logistics and cost of headwinds having “worsened” in recent months. The business expects this to continue to impact the business during the…
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14 JulyCatering Companies
SSP Group Q3 revenue hits 87% of pre-pandemic levels
SSP Group plc has seen its revenue continue to strengthen in Q3, with revenue at 89% of 2019 levels in the seven weeks since the group’s interim results on 24 May, and at 87% of 2019 levels in Q3 overall. According to the company’s recent performance and the current strength…
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11 JulyPeople
Domino’s welcomes new CFO
Domino’s Pizza Group Plc has announced the appointment of Edward Jamieson as its new chief financial officer. It said Jamieson, who is also set to join the board of Directors in October 2022, brings experience as a senior leader in the consumer, digital, and food sectors. He has most recently…
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5 JulyBusiness
Hospitality sector R&D spending falls 21%
Research and development (R&D) spending in the hospitality industry fell 21% in the Q1 of 2022, according to the latest Office of National Statistics (ONS) data analysed by funding specialist Catax. The ONS published its Q1 2022 statistics for R&D spending on 30 June, Catax states that “spending on R&D…
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