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Finance – Page 88
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NewsFive Guys continues to see ‘strong growth prospects’ in UK
The burger chain has reported financial results for 2022, with revenue of £452m for its stores across the UK, France, Spain, and Germany
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NewsBeavertown Brewery increases turnover
The Heineken-backed craft brewer saw total revenue increase to £71.7m in the period ended December 2022, compared to £65.1m the previous year
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NewsWetherspoon returns to pre-pandemic strength
The 826-strong pubco has reported revenue of £1,926m in FY23, beyond FY19 levels and driven by like-for-like growth across food, drink, and accommodation
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NewsIvy Collection turnover surpasses £300m
The Richard Caring-backed restaurant chain has grown turnover by more than £100m in 2022, driven by expansion of the Ivy Asia brand
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NewsEataly faces cost pressures
The Italian food hall and restaurant operator has provided a financial update for 2022, with revenue of £25m and loss for the year of £1.3m
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NewsGreggs continues robust trading
The retailer’s Q3 update saw like-for-like sales rise 14.2% for company-managed shops, with evening trade, the app, and the loyalty programme all bolstering sales
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NewsTortilla demonstrates resilience
The fast casual Mexican cuisine specialist saw revenue growth of 22% to £32.7m in H1 FY23, along with like-for-like growth of 5%
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NewsBurger & Lobster sees full sales recovery
Turnover grew 47% to £36.5m in 2022, with the nine-strong London restaurant group showing a ‘strong start’ to 2023
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NewsHostmore reports progress on cost reductions
The TGI Fridays UK operator reported revenue of £93.6m for H1 2023, with cost reductions alongside operational and portfolio management reducing losses
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NewsRed Engine doubles turnover
The Flight Club operator reported record revenues of £53.8m in 2022 - year-on-year growth of 118% - and gross profit of £32.9m
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NewsMarket halls ripe for consolidation and growth
Having originally made his money in the property market, Market Halls CEO Andy Lewis-Pratt tells Dominic Walsh he’s come out of retirement with a mission to become the UK’s biggest food hall operator
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NewsDeliveroo launches £250m share buyback
The delivery company is offering between 115p and 135p for A Ordinary shares shares via a tender offer, which it says represents a premium of 6% to 24%
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NewsM&B outperforms market in Q4
Like-for-like sales were up 9.7% in the fourth quarter, driven by sustained growth in food and drink volumes
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NewsHydes delivers record turnover
The Salford family brewer and pub operator grew sales by 20% in 2022/23 to £34.1m, despite challenging trading conditions
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NewsXP Factory achieves double-digit like-for-like growth
The Escape Hunt and Boom Battle Bar operator reported £18.7m revenue in H1 2022, with like-for-like sales growth of c20% across both brands
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NewsTasty losses widen
The Wildwood and Dim T operator reported a 0.9% increase in revenue to £21.7m, with loss after tax increasing to £2.7m in H1 2022
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NewsShepherd Neame posts record revenue
The 296-strong Kent-based brewer and pub operator reported revenue growth of 9.7% to a record £166.3m, with an increase in underlying profits
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NewsTriple Two Coffee to enter administration
Parent company Cooks Coffee said the 11-strong cafe franchise has been adversely impacted by the current market environment
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NewsTattu has ‘exceptionally strong’ year
Premium restaurant operator Permanently Unique grew revenues by 76% to £26.8m in 2022 from five locations
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NewsInception Group turnover up 80%
The experiential bar operator posted sales of £22.7m in 2022, with headline trading holding up “very strongly”