Tortilla
Coverage tracks the performance, expansion strategy, and operational developments of the UK’s leading fast-casual Mexican restaurant brand, including site rollouts, franchising, menu innovation, digital ordering, and trading updates. Reporting offers insight for operators monitoring scalable dining formats, high-street brand positioning, and evolving consumer demand for fresh, quick-service international cuisine.
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Jul- 2024 -24 JulyRestaurants
Tortilla HY revenues fall to £31.5m
Mexican restaurant group Tortilla has reported a 5.9% drop in revenues to £31.5m for the half year ended 30 June 2024. The group attributed this decline to its strategic decision in Q1 to condense to a dual delivery platform to improve profit conversion and increase focus on in store revenue.…
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Jun- 2024 -25 JuneNews
Today’s news in brief – 25/06/24
Tortilla has acquired Fresh Burritos in France for €3.95m (£3.34m). The deal was funded from the group’s existing debt facilities and is expected to contribute £2.5m of additional annual adjusted EBITDA at 24 months maturity. It comes as the latest step in Tortilla’s growth strategy that will see the brand…
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25 JuneBusiness
Tortilla acquires French competitor Fresh Burritos for €3.95m
Tortilla Mexican Grill has announced its strategic acquisition of Fresh Burritos, a France-based European fast-casual Mexican restaurant, for a total of €3.95m (£3.34m). The deal has been funded from the group’s existing debt facilities and is expected to contribute £2.5m of additional annual adjusted EBITDA at 24 months maturity. It…
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Apr- 2024 -24 AprilNews
Today’s news in brief – 24/04/24
Tortilla 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. During the period, the group opened six sites in the UK as well as one franchise site, taking the total to 87 locations. According to…
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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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2 AprilNews
Today’s news in brief – 02/04/24
Revolution Bars shares have been suspended after it failed to produce interim results. It follows the closure of eight Revolution bars across England in January with the company blaming the cost of living crisis. The group confirmed it was in talks with shareholders and investors, including hospitality entrepreneur Luke Johnson,…
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2 AprilPubs and Bars
Revolution Bars shares suspended amid uncertain future
Revolution Bars has had its shares suspended from trading on AIM after it failed to produce its interim financial results. The company was required to publish its results by 30 March 2023 but was unable to do so. It follows the closure of eight Revolution bars across England in January…
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Feb- 2024 -23 FebruaryNews
Today’s news in brief – 23/02/24
Tortilla appointed Andy Naylor as its new CEO, as Richard Morris will be stepping down at the end of March. Naylor, who has worked alongside Morris for the last seven years, initially joined as CFO and most recently was UK managing director. Meanwhile, Maria Denny has joined the business this…
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23 FebruaryPeople
Tortilla names new CEO
Tortilla has announced the appointment of Andy Naylor as its new incoming chief executive officer, following news that Richard Morris will be stepping down from the role at the end of March. Morris has had a 35-year career within hospitality, with 10 years being spent at Tortilla. Naylor has worked…
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16 FebruaryNews
Today’s news in brief – 16/02/24
Costa Coffee will increase pay for over 15,000 team members from 1 April. This will be the fifth time the company has increased pay rates for store team members since April 2021. Team members in Central London will receive an extra £1 per hour, bringing their starting rate to £13…
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