Financial Results
Compass targets market share as revenues rebound
Contract catering giant Compass has reported “strong momentum” in new business wins and potential to increase market share having seen a stronger than expected fourth quarter.
Diageo reports 'encouraging return to growth'
Global drinks firm Diageo has reported an “encouraging return to growth" in its half-year results, with strong growth in spirits.
Last six months ‘one of the toughest periods’ for Young’s as pub group swings to £21.8m loss
Shepherd Neame 'profitable' since July reopening but predicts 'challenging' winter ahead
With hotel MICE and F&B on hold, is total revenue management dead? Short answer: no way
Lockdown and limited travel drives PPHE to £41m loss
Vacherin grows turnover 14% but forecasts 12- to 18-month coronavirus hit
London B&I caterer Vacherin grew turnover by 14% last year, but says it expects to feel[...]
Compass will miss out on £225m profit due to coronavirus
Compass’ organic revenue growth was 6% for the five months ending 29 February 2020 but the[...]
Côte directors 'pleased' to see revenue uptick in challenging times for sector
The directors of casual dining group Côte Restaurants have said they are “pleased” to have recorded[...]
Greggs reports record sales increase of 13.5% in ‘an exceptional year’
Grab-and-go chain Greggs has reported record sales for 2019 with turnover up 13.5% to £1.2b and[...]
Heston Blumenthal's Fat Duck almost quadruples profits
Heston Blumenthal's Fat Duck almost quadrupled its post-tax profits in the year to 29 May 2019. "
PPHE reports increases in profit, earnings and revenue
PPHE Hotel Group has reported increased pre-tax profit and like-for-like revenue and earnings in its results for the financial year ended 31 December 2019.
Restaurant Group sees like-for-like sales rise 2.7% as turnover tops £1b
The Restaurant Group has reported a 2.7% rise in group like-for-like sales, with total sales up 56.4% to £1.07b, thanks largely to the contribution of the full integration of Wagamama.
Dalata enjoys 2.7% boost in pre-tax profit in 2019
Ireland’s largest hotel group Dalata has reported a 9.3% increase in revenue to €429.2m (£359.6m), with[...]
Accor reports record year with revenue growth of 16%
Accor has reported a record year in 2019, following revenue increases of 16%.
EasyHotel reports £3.5m loss despite revpar rise
Budget hotel group EasyHotel has reported a loss before tax of £3.57m despite recording like-for-like revpar[...]
JD Wetherspoon reports like-for-like sales increase
JD Wetherspoon has seen like-for-like sales increase by 4.7% in the 12 weeks to 19 January[...]
Investment strategy reaps benefits at Apex Hotels
A solid capital investment programme helped drive strong growth at Apex Hotels with a 51% increase in pre-tax profit to £11.7m for the year ending 30 April 2019."
Brasserie Bar Co hails ‘watershed year’ as losses slashed by £3m
Raymond Blanc's Brasserie Bar Co has described 2019 as “a watershed” year that saw it shift emphasis from casual dining to food-led pubs, cutting losses by more than £3m.
'One-off factors' hit end of year earnings for City Pub Group
City Pub Group has said “one-off factors” towards the end of 2019 have seen earnings before interest, tax, depreciation and amortization (EBITDA) slip below market expectations.
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