Tag Archives: financials

Middleby UK showroom 3

Middleby UK turnover up 32% for 2016 as move to new premises brings extra scale

Middleby UK turnover up 32% for 2016 as move to new premises brings extra scale

Middleby UK’s turnover rose a healthy 32% in 2016 as its customer base expanded significantly in the wake of a move to new premises and warehouse facilities, but the growth was dampened by a full-year loss for the business. Sales at the firm, which manages brands such as Houno, Pitco and Blodgett in the UK, increased

Paternoster Chophouse

Owner of ‘First Dates’ restaurant comes back to earth with a bump after posting record revenues

Restaurant group D&D has bucked the trend of operators blaming Brexit for softening financial results by recording the highest turnover in its history, but warned that it has found the last few months tough. The group, which operates a string of restaurants in London, Leeds, Paris, New York and Tokyo, posted sales of £125m for

Richoux Piccadilly

Restaurant operator Richoux restructures estate during loss-making first half

Restaurant group Richoux has restructured its estate with a view to improving its performance after reporting half-year losses of £1.1m on sales down 20% to £5.6m. The group currently has 17 operating restaurants, which trade under the Richoux, Friendly Phil’s and Villagio brands. During the first half, added focus has been put on improving its

MIAMI, FL - APRIL 27:  Chipotle restaurant workers fill orders for customers on the day that the company announced it will only use non-GMO ingredients in its food on April 27, 2015 in Miami, Florida.  The company announced, that the Denver-based chain would not use the GMO's, which is an organism whose genome has been altered via genetic engineering in the food served at Chipotle Mexican Grills.  (Photo by Joe Raedle/Getty Images)

Chipotle’s UK profitability ‘impacted’ by illness incidents that rocked US business

Chipotle Mexican Grill has conceded for the first time that an E.coli outbreak which rocked its US operations “adversely impacted” the sales and profitability of its UK operations last year. Accounts logged with Companies House last week reveal that UK sales fell 5% to £7.8m for the year to 31 December 2016, while gross losses

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M&B nets £46m from sale of 79 sites that don’t fit with strategy

Mitchells & Butlers has raised £46m from offloading 79 sites in the last few months, it revealed this morning. The pub and restaurant chain sold 73 of the properties to property investment company Aprirose in a package deal and it will now run them under the Milton Pubs and Taverns brand. A further six sites

Tim Martin, JD Wetherspoon

Suppliers have more to fear from protracted Brexit talks than us, warns JDW boss

JD Wetherspoon chairman Tim Martin warned this morning that its suppliers have most to fear from Brexit negotiations as he once again used the company’s latest financial update to outline his views on the EU.   Mr Martin, a staunch Leave campaigner, said that the current “posturing and threats” from EU negotiators would inevitably drive

Yo! Sushi

YO! Sushi tops £88m sales as it plans more UK restaurants

Japanese kaiten conveyor belt restaurant chain YO! Sushi turned over £88.4m last year as it implemented a series of strategic changes to its portfolio in a bid to drive growth in 2017. The chain recorded adjusted EBITDA of £10.7m in the UK for the 12 months to 27 November 2016, equivalent to around 12% of

Northcote, located in Blackburn. Electrolux photography case study. Picture by Shaun Fellows / Shine Pix

Price pressure makes minor dent in Electrolux Professional’s UK profits but turnover soars 13%

Sales of foodservice equipment at Electrolux Professional’s UK division rose a healthy 13% to £20.5m last year, but price pressures in the wake of Brexit left a small dent in the company’s operating profits. The solid growth in revenue, which represents an increase of £2.5m on the £18m it booked in 2015, was revealed in

Pizza Hut

BREAKING NEWS: Pizza Hut turns over £233m as restructuring programme enters final stages

Pizza Hut will have closed five restaurants and redesigned more than 40 by the end of this year as it seeks to improve profitability and cash generation of its UK operations. The chain, which now numbers 266 restaurants, has been embarking on a deliberate strategy to consolidate its estate and exit sites that are under-performing

TRG development kitchen 2

Frankie & Benny’s gets creative in its test kitchen to win back lapsed customers

Menu refinements and new product trials are among the actions that Frankie & Benny’s is planning over the coming months as it bids to re-establish the competitiveness of the brand and attract back lapsed customers.  The performance of the chain, which spans 258 restaurants, has been under close scrutiny by owner The Restaurant Group (TRG)