Strategy
This section highlights the strategic moves shaping the UK hospitality and foodservice industry. From brand repositioning and pricing models to diversification plans, leadership changes, and multi-site rollout strategies, our coverage provides valuable insight into how restaurant groups, pub chains, caterers, and bar operators are adapting to shifting market conditions. Whether you’re refining your business model, assessing competitor strategies, or making key investment decisions, this archive offers sharp editorial designed to support strategic thinking at every level of the foodservice sector.
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May- 2024 -14 MayNews
Today’s news in brief – 14/05/24
Marstons reported a £0.8m underlying loss before tax during H1. However, the group’s revenues increased 5.2% to £428.1m, with good momentum across food and drink sales. The pub group also recorded a 22% increase in underlying pub operating profit to £52.7m, with profit margin increasing from 10.6% to 12.3%. Various…
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14 MayNews
Various Eateries sales jump 10.2% to £22.7m in H1
Various Eateries’ sales increased 10.2% to £22.7m during the 26-week period ending 31 March 2024. Group like-for-like sales were marginally down, against a backdrop of one of the wettest winters since records began and with the company maintaining its strategy of absorbing most price increases. While this strategy puts temporary…
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10 MayNews
Today’s news in brief – 10/05/24
Krispy Kreme’s revenues increased 5.7% to $442.7m (£353.2m) in Q1. Organic revenue for the group grew 6.7%, fueled by a 19.4% increase in points of access and the success of global brand activations including Valentine’s Day and St. Patrick’s Day doughnuts. Transactions at pubs, bars and clubs reached a 2024-high…
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10 MayNews
Krispy Kreme revenues hit $442.7m in Q1
Krispy Kreme’s revenues increased 5.7% to $442.7m (£353.2m) during the first quarter ended 31 March 2024. Organic revenue for the group grew 6.7% to $440.9m (£351.8m), fueled by a 19.4% increase in points of access and the success of global brand activations including Valentine’s Day and St. Patrick’s Day doughnuts…
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10 MayFood and Drink
Greggs opens 2,500th shop in five-year growth plan
Greggs has announced the opening of its 2,500th shop, hitting a “significant” milestone in its estate expansion strategy. This comes as, in 2021, the group launched its five-year growth plan, which outlined its ambition to reach over 3,000 shops across the UK in the long-term. For the rest of 2024…
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7 MayPubs and Bars
Drinks sales dip in ‘soggy’ end to April
Drinks sales in managed venues for the week to last Saturday (27 April) saw a “disappointing” end to April after generally solid trading over the spring, according to data from CGA Strategy. Although daily sales were up by 11% year-on-year on Sunday (21 April), thanks to a strong round of…
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2 MayCafes and Coffee Shops
Starbucks revenues dip 2% to $8.6bn in Q2
Starbucks net revenues declined 2% to $8.6bn (£6.8bn) during the 13 weeks ended 31 March. The group’s global sales also declined 4% during the period, with North America and US comparable store sales declining 3%, while international sales declining 6%. Net revenues for the North America segment of $6.4bn (£5.1bn)…
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2 MayFood and Drink
Domino’s Q1 in line with expectations despite ‘slow’ January
Domino’s has revealed in a trading update that Q1 performance is in line with expectations, as it experienced positive like-for-like sales and total orders across February and March after a “slow” January. While like-for-like sales are down 0.5% on the same period last year, Domino’s Q1 like-for-like sales increased 8.4%…
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1 MayBreweries and Distilleries
Greene King to invest £40m in new brewery
Greene King has announced that it will invest £40m in developing a new state-of-the-art brewery in Bury St Edmunds. The investment into a new custom-built facility builds on the company’s 200-year history of brewing in Bury St Edmunds since its founding in 1799. The proposed new brewery forms a key…
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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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