SSP
Reporting covers the operations, strategy, and financial performance of a major travel foodservice operator serving airports, train stations, and service areas across the UK and globally. We track brand partnerships, concession models, menu innovation, digital ordering, and consumer trends, offering insight for operators and suppliers focused on high-footfall, transit-led hospitality environments.
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Jul- 2024 -10 JulyCatering Companies
SSP Group maintains profit guidance as Q3 sales rise 16%
The operator of F&B outlets in travel locations, SSP Group, has revealed its full-year guidance will remain unchanged as it recorded a sales rise of 16% during the third quarter to 30 June. It comes as the group’s like-for-like sales grew 6% during the period off the back of its…
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Jun- 2024 -12 JuneNews
Today’s news in brief – 12/06/24
Heston Blumenthal’s Fat Duck Group posted a pre-tax loss of £1.4m for the year ended 28 May 2023. In documents filed on Companies House, the parent company of Fat Duck and the Hinds Head pub in Bray saw a dip in turnover from £11.5m in 2022 to £9.5m in 2023.…
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12 JuneRestaurants
SSP and The Breakfast Club open first railway site at St Pancras
F&B provider in travel locations, SSP Group, has partnered with The Breakfast Club and St Pancras International to open the all-day breakfast chain’s first outlet in a UK train station. SSP and The Breakfast Club’s partnership began in 2023, with the aim of bringing the chain to the travelling public. …
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May- 2024 -31 MayOpinion
Are we really out of the woods?
For most of us in hospitality: the last nine to 12 months have been very challenging indeed. One well known operator said to me recently that these were the worst trading conditions he had encountered in 40 years. My hospitality career nowhere near stretches that long, but I agree with…
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24 MayNews
Today’s news in brief – 24/05/24
SSP Group has reported a 19% rise in revenues to £1.5bn in H1. The global travel concessions operator also revealed that it is on track to deliver on its full-year expectations. The group expects FY24 demand for travel to remain resilient despite macroeconomic and political uncertainty. Spaces at The Spine…
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24 MayFood and Drink
SSP Group revenues rise 19% to £1.5bn in H1
Global travel concessions operator, SSP Group, has reported that it is on track to deliver on its full-year expectations, as revenues rose 19% on a constant currency basis to £1.5bn during the half-year ended 31 March. This comes as like-for-like sales rose 12% during H1, with a very strong performance…
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Apr- 2024 -24 AprilRestaurants
Tortilla revenues rise 14% to £65.7m in FY23
Tortilla has reported that revenues rose by 14% to £65.7m in the year to 31 December 2023, as it built on the momentum from the previous year’s record. Like-for-like revenues also grew 3.6% during the period, equivalent to 4.9% when adjusted for the Q1 VAT benefit from 2022. Meanwhile, adjusted…
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11 AprilNews
Today’s news in brief – 11/04/24
Revolution Bars Group has unveiled a restructuring plan as sales rose 8.3% to £82.3m for the 26-week period ending 30 December 2023. Group like-for-like sales for the four weeks from 4 to 31 December 2023 were up 9%, the best festive period since 2019. Despite a strong festive trading period,…
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11 AprilFood and Drink
Crêpeaffaire seeks franchise partners to support UK expansion
Crêpeaffaire has appointed property adviser Christie and Co to help in its search for new franchise partners to support its UK expansion plans. As a scalable lifestyle brand, Crêpeaffaire also has a vision to offer “the ultimate quick-serve meal and snack solution”, through a variety of formats. Founded in London…
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Feb- 2024 -13 FebruaryNews
Today’s news in brief – 13/02/24
Caffè Nero has announced “strong trading” for the first half of 2024, including sales growth of 17% over the same period last year as sales for H1 2024 hit £265m. In the UK, Caffè Nero reported sales of £200m, representing strong overall growth of 10.1%. Drinks sales in pubs and…
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