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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May- 2024 -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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13 FebruaryFood and Drink
SSP secures 10-year contract with Liverpool John Lennon Airport
SSP Group has secured a new deal with Liverpool John Lennon Airport, which will see the operator of travel F&B outlets extend its operations at the airport until at least 2036. As part of the contract extension, SSP has announced that all of its existing units will be refurbished, rebranded…
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Jan- 2024 -30 JanuaryNews
Today’s news in brief – 30/01/24
Tortilla will be opening four new locations with SSP this year, with a further pipeline of sites to open as part of the franchise partnership in 2025. Currently, the SSP and Tortilla franchise partnership includes five sites across the UK, with the Manchester Piccadilly train station being the most recent…
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30 JanuaryRestaurants
Tortilla to open four new sites with SSP
Tortilla has confirmed that it will be opening four new locations with global food travel group SSP this year, with a further pipeline of sites to open as part of the franchise partnership in 2025. Currently, the SSP and Tortilla franchise includes five sites across the UK, with the Manchester…
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Dec- 2023 -19 DecemberNews
Today’s news in brief – 19/12/23
Drinks sales in managed venues fell by 9% for the week ending 9 December, compared with the same period last year. Alcohol categories struggled due to World Cup comparatives, while midweek performance suggests modest average growth. As festive occasions approach, operators seek to maintain footfall amidst weather and rail strike…
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