Finance – Page 20
-
NewsNew Year’s Eve breaks records at Incipio
The group cited seasonal activiations, high energy brunches, and the use of TikTok for driving strong like-for-like growth over the festive season
-
NewsStarbucks hit by political ‘misconceptions’
The coffee giant has revised down its sales forecasts, citing the negative impact in the Middle East and in turn the U.S., where it has been targeted by political protesters
-
NewsBuzzworks plans to double size of business
The Scottish hospitality group continues to invest in new and existing venues, but says it is not immune to external factors which will impact the pace for growth.
-
NewsSSP boosted by break in rail strikes
UK sales grew by 22.8% to to £207m in Q1, reflecting good passenger numbers in the air travel and rail networks
-
NewsComptoir looks to the year ahead 'with confidence'
The Lebanese-inspired restaurant group expects to report revenue of approximately £31.5m for the 52-week period ending 31 December 2023
-
NewsFuller’s like-for-likes up 11.5%
Sales during the five-week Christmas and New Year period were particularly strong, up 21.6% against the same period the prior year
-
NewsWetherspoon continues to outperform market
Like-for-like sales were 15.2% up in December 2023, with double-digit growth in the 25 weeks to 21 January 2024
-
NewsRevolution Bars lowers EBITDA forecasts
Despite strong Christmas trading and the improving like-for-like sales trend through H1, soft January trade - along with higher payroll costs - has led the board to reconsider assumptions of lfl growth
-
NewsFlat Iron breaks December weekly records
Like-for-like sales were up 29.8% during the festive period, with nine of the steak restaurant group’s 14 sites breaking weekly records
-
NewsCreams menu innovation delivers sales uplift
The dessert cafe chain reported record festive trading, with a 5.8% rise in like-for-like sales, citing the introduction of reimagined classics and hot desserts to its menu
-
NewsMarston’s reports strong Christmas trading
The pub operator saw like-for-like sales growth of 8.1% for the 16-week period to 20 January, amid an improving outlook with inflationary headwinds abating
-
NewsRockfish gears up for £3m fundraise
The South West seafood restaurant group is gearing up to resume new openings after a pause last year
-
NewsPatty & Bun continues to look for growth opportunities
Following a CVA approved in October 2023, the burger brand’s neighbourhood sites and delivery sales continue to perform strongly, according to founder Joe Grossmann
-
NewsHeartwood Collection increases turnover in “difficult market”
The pub and brasserie brand reported turnover of £60.3m in the year to June 2023, with considerable focus on preparing for expansion
-
NewsDeliveroo reports ‘stabilisation’ of consumer behaviour
The UK & Ireland saw year-on-year growth of 7% in gross transaction value, while growth in orders stood at 1% as consumer behaviour stabilised
-
NewsMegan’s reports most successful Christmas to date
The all-day restaurant group reported 19.3% like-for-like sales growth and has lined up four openings for this year, remaining on track to deliver £30m in revenue
-
NewsShareholders approve City Pubs takeover
Shareholders voted in favour of the Young’s deal by 99.69%, which values City Pub Group at £162m
-
NewsYoung’s Christmas like-for-likes up 7.2%
The premium pub group recorded several of its best ever trading weeks, with some of the highest daily sales in Young’s history
-
NewsXP Factory doubles revenues for second year
The experiential leisure business, which operates the Escape Hunt and Boom Battle Bar brands, reported group turnover of circa £44.5m in the 12 months to 31 December 2023
-
NewsJust Eat order numbers slide
The UK and Ireland saw 1% sales growth in 2023, while total orders were down 2% in the region for the delivery platform