Sales
This section brings together all our editorial coverage related to sales performance, revenue growth, and commercial strategy across the UK foodservice sector. From quarterly trading updates and like-for-like sales trends to group-level reporting and market analysis, we provide restaurant operators, pub groups, catering firms, and F&B executives with timely insights into whatโs driving turnover, and whatโs dragging it down. Whether you manage a single site or a national portfolio, our sales reporting is geared to help hospitality leaders benchmark performance, identify consumer trends, and shape strategies that drive sustainable growth in a volatile trading environment.
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Nov- 2023 -30 NovemberNews
Todayโs news in brief – 30/11/23
Mitchells and Butlers reported a drop in operating profits to ยฃ98m for the year ended 30 September due to weaker property valuations and increased costs, including higher wages. Sales, however, rose to ยฃ2.5bn, marking a 9.1% like-for-like growth. The group noted a 7.2% rise in like-for-like sales at the start…
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30 NovemberRestaurants
Pizza Punks appoints FRP to assist with 2024 expansion plans
Pizza Punks has appointed FRP Corporate Finance to assist the chain in raising capital, as it looks to speed up its expansion plans during 2024.ย The firmโs appointment comes as the pizza chain has spent the past six months consolidating after opening four new restaurants last year in Leicester, Nottingham,…
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30 NovemberFood and Drink
Mitchells and Butlers sees profits dip to ยฃ98m in FY 2023
Restaurant group Mitchells and Butlers has revealed that its operating profits dropped from ยฃ124m to ยฃ98m for the 53 weeks ending 30 September, driven by weaker property valuations and increased costs, which also included higher wage bills. However, the groupโs sales increased to ยฃ2.5bn, up from ยฃ2.2bn last year, with…
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30 NovemberNews
Todayโs news in brief – 29/11/23
Live music could bring in up to ยฃ2.4bn for the hospitality industry, according to CGA. According to analysis of 1,000 artists and 500 venues, the Live Music Index noted that individual pubs and bars could see a yearly sales hike averaging ยฃ107k by providing a stage for musicians. With 73%…
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29 NovemberNews
Live gigging could deliver ยฃ2.4bn boost to hospitality, CGA says
Live music could be worth up to ยฃ2.4bn in revenue for the hospitality sector, a new nationwide survey conducted by the CGA by NIQ found.ย 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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28 NovemberNews
Todayโs news in brief – 28/11/23
Shareholders backed TRG’s ยฃ506m sale to Apollo Global, privatising the company that operates Wagamama among others. Each share’s value of 65p signifies an enterprise worth of ยฃ701m. TRG’s strategies led to two earnings upgrades and ยฃ5m in cost savings, aligning with Apollo’s belief in TRG’s market prominence. Apollo’s reassurances about…
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28 NovemberRestaurants
Loungers sales rise 7.7% in H1
Loungers has reported that like-for-like sales rose 7.7% year-on-year in the half year ended 1 October, also marking 24% ahead of pre-pandemic levels.ย The restaurant operatorโs adjusted EBITDA also increased 28.2% to ยฃ17.3m during the period.ย Due to its โconsistentlyโ strong trading, the group is on track to open 34…
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27 NovemberNews
Todayโs news in brief – 27/11/23
Pho is set for expansion, securing fresh funding following a 33.6% turnover surge to ยฃ58.3m in FY23. Despite a profit dip to ยฃ1.8m (from ยฃ5.6m) due to pandemic concessions, restaurant EBITDA held steady around ยฃ10.4m. 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 โessentialโ for pubs and bars, says UKH
Hospitality trade body UKHospitality has warned it is โessentialโ 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 โhuge eventโ for hospitality businesses next summer as fans pack pubs and…
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27 NovemberRestaurants
Pho to continue expansion amid 33.6% rise in FY23 turnover
Pho has secured additional funding to allow for continued expansion of Vietnamese street food restaurants through the next several years, as its turnover increased 33.6% to ยฃ58.3m in the year ending 19 February 2023.ย According to the groupโs filings on Companies House, recent performance has buoyed the companyโs confidence in…
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