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- 2020 -20 AugustPubs and Bars
Greene King swings to loss in full-year results
Greene King has swung to a pre-tax loss of £273m in the full-year ended 26 April, down from a profit of £172.8m reported in 2019. It comes after exceptional and non-underlying costs hit £380.6m in the period, up from £74.1m the year before. In the same period, revenue fell by…
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19 AugustRestaurants
Pizza Express to close 73 sites, 1,100 jobs at risk
Pizza Express has formally launched a CVA in a bid to reduce its restaurant estate and rental cost base following the pandemic. The CVA proposal will see the permanent closure of 73 restaurants, resulting in a loss of 1,100 jobs. The casual dining chain first announced it had reached an…
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18 AugustUncategorized
CBILS – Why it’s important to the hospitality sector and how it could help you
The Coronavirus Business Interruption Loan Scheme, delivered through 60+ British Business Bank accredited lenders, is designed to support the continued provision of finance to UK smaller businesses (SMEs) during the COVID-19 outbreak. The scheme enables lenders to provide facilities of up to £5m to smaller businesses across the UK who…
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10 AugustRestaurants
22,000 restaurant jobs lost so far in 2020, double 2019 total
The number of jobs lost across the embattled restaurant and casual dining sector so far this year is already nearly double the amount shed during the whole of 2019. Figures compiled by the Centre for Retail Research show so far a total 22,039 jobs were lost across large restaurant groups…
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7 AugustNews
The Eat Out to Help Out scheme – Its strength and weaknesses
With over millions of individuals and businesses put at a stand still, the COVID-19 pandemic continues to ravage daily life as we knew it before. One of the most hard-hit areas is the food industry, as diners and even takeaway hopefuls are wary of seeking out outside food due to…
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Jul- 2020 -30 JulyPubs and Bars
Fullers in ‘stronger position than many’ despite £10m hit
Fullers has welcomed a “transformational” year of trading, with revenue and other income from continuing operations up 3% to £333m in the year ended 28 March 2020. Profit before tax for total group operations soared from £26.1m to £174.5m in the period. Like-for-like growth was seen across all areas of…
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28 JulyCoronavirus
Hospitality sector loses £30bn in Q2
Sales across the UK’s hospitality sector plummeted by 87% in the second quarter of 2020, equivalent to nearly £30bn in lost revenue, according to the latest UKHospitality Tracker. The “catastrophic” loss follows the widespread lockdown of restaurants, pubs, bars, hotels, and other hospitality venues from mid-March. In light of this,…
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23 JulyPeople
Deliveroo appoints new CFO
Deliveroo has appointed Adam Miller as its new chief financial officer. Miller has been with the group since February 2019, having previously served as vice president for corporate strategy. He most recently stepped in as interim CFO for the delivery app group. According to Deliveroo, Miller has played a “significant”…
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20 JulyRestaurants
Zizzi and Ask Italian to close 75 sites, 1,200 jobs at risk
Some 75 Zizzi and Ask Italian sites are set to close after the restaurant’s owner, Azzurri Group, was acquired by TowerBrook Capital Partners. The move has placed 1,200 jobs at risk and is the result of “unprecedented levels” of disruption in recent months as a result of the Covid-19 pandemic.…
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16 JulyFood and Drink
CAMRA brands Wetherspoon poster as ‘misleading’
The Campaign for Real Ale (CAMRA) and Society for Independent Brewers (SIBA) has branded JD Wetherspoon poster promoting lower alcoholic beverage prices as “misleading”, following Chancellor Rishi Sunak’s announcement of a VAT reduction last week. The poster, which includes the CAMRA logo and features the slogan “Sunak’s Specials” says: ‘Rishi…
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