Financial Results
Mitchells & Butlers sees 5.6% sales boost over Christmas
Pub group Mitchells & Butlers saw like-for-like sales growth of 5.6% over the three-week Christmas period.
Greggs employees to share £7m bonus pot after 'exceptional year'
Greggs employees will share a one-off £7m payment after the bakery company hailed an “exceptional year”.
Giggling Squid sees turnover grow by almost 40%
The New World Trading Company reports 14.8% turnover boost
Azzurri Group reports 7% increase in total sales
Franco Manca owner sees revenues rise to £36m
Drake & Morgan reports 'good year of progress' as turnover increases by 12%
Drake & Morgan has reported “a good year of progress” as turnover increased by 12% in[...]
Openings see Gail’s bakeries increase turnover by 28%
Gail’s bakeries have seen turnover grow by 28% to £47.6m in a year that saw 10[...]
Loungers sees potential to triple estate to 500 sites
Loungers bosses believe there is the potential to triple its UK estate to 500 sites.
Nando’s serves up 'robust performance' as revenue exceeds £1b
Peri-Peri chicken restaurant group Nando’s has delivered “a robust performance” with an 8.4% increase in revenue[...]
Compass Group reports 6.4% organic growth to £25.15b
Strong performance in UK defence and sport & leisure contracts helped increase Compass Group’s annual revenue by 6.4% to £25.15b."
Wagamama's success continues as like-for-like sales grow by 6.3%
Wagamama has seen like-for-like sales grow by 6.3% as the Restaurant Group continues to grow its golden goose.
SSP reports strong performance but UK business plans cautiously ahead of expected airline capacity cuts
Travel caterer SSP Group has reported revenue of £2.79b in its latest financial results, compared to £2.56b the previous year.
Mitchells & Butlers sees pre-tax profit growth of more than 10% in full year results
Pub group Mitchells & Butlers saw pre-tax profits grow by more than 10% in the year[...]
Greggs increases full-year profit expectations
Food-to-go chain Greggs has increased full-year profit expectations following a “very strong” start to the fourth[...]
Food and paper costs weigh on Shake Shack profit
Rising food and paper costs bit into the profit of rapidly expanding New York-based burger brand[...]
GBK cuts operating losses by 76% following CVA
Gourmet Burger Kitchen saw its operating losses decrease by 76% as site closures and efficiencies associated[...]
Hilton reports 9% earnings increase despite slowing market
Hilton has reported a 9% increase in earnings despite a slowing market, and revenue per available room (revpar) growth of 0.4%, driven by higher occupancy."
London's Savoy reports £10m loss
The Savoy directors have said that they are "confident that the company will have sufficient funds to continue to meet its liabilities" despite reporting a £10.4m loss for the year to December 2018, down from a loss of £13m in[...]
Dorchester Group reports rising revenue ahead of expected downturn
The Dorchester Group has reported increases in revenue and pre-tax profit for 2018, ahead of an expected downturn following boycotts earlier this year.
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