Financial Results
Pho eyes expansion as performance ‘buoys confidence’
Vietnamese restaurant group Pho is eyeing continued expansion after seeing turnover increase by more than 30%.
Gleneagles sees rise in turnover as multimillion-pound refurbishment continues
Gleneagles hotel saw a rise in turnover last year as it continued its multimillion-pound refurbishment programme.
Richard Caring’s restaurant empire reports strong revenue growth
Shepherd Neame records ‘record revenues’ despite ‘challenging economic conditions’
Brighton Pier Group reports ‘lower than expected’ sales
Whitbread reports 'outstanding' Q1 for Premier Inn
Young’s reports 19.4% revenue boost despite cost headwinds and rail strikes
Despite a year of inflationary cost pressures and rail strikes, pub group Young’s has reported revenues[...]
PPHE Hotel Group 'confident' as trading nears pre-pandemic levels
PPHE Hotel Group has said it is “confident” in its financial performance as total room revenue[...]
Tortilla 'enthusiastic' about year ahead following rise in revenue
Fast-casual Mexican restaurant group Tortilla has announced that 2022 was a year of “significant growth”, with[...]
UK’s top restaurant groups still in 'danger zone' despite profit bounce
The UK's top 100 restaurant groups have returned to profitability after four years of losses but[...]
Soho House lowers revenue forecast
Soho House parent company the Membership Collective Group (MCG) has lowered its revenue and earnings targets “mostly reflecting headwinds from FX and Hong Kong”."
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
The last six months have been “one of the toughest periods” for Young’s as the pub[...]
Shepherd Neame 'profitable' since July reopening but predicts 'challenging' winter ahead
Shepherd Neame reports “profitable” three months since July reopening, but foresees “challenging" winter ahead.
With hotel MICE and F&B on hold, is total revenue management dead? Short answer: no way
This article was written by Damiano Zennaro, head of advisory services, EMEA, IDeaS Revenue Solutions
Lockdown and limited travel drives PPHE to £41m loss
PPHE Hotel Group has reported a £41m loss before tax, having seen revenue decrease 60% to[...]
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 the effects of the coronavirus lockdown on the business for the next 12-18 months."
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 impact of coronavirus means it will miss out on £225m in profit.
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 growth in both revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA) in a year that has seen “widespread closures” across the sector.
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