Fast casual chain Tortilla Mexican Grill has reported same store sales growth vs. 2019 up by 19% for the first half of 2002.
The positive result is mostly driven by consumers interest for value-driven products as well as increased number of sites. The brand has recently acquired Chilango and currently run a total of 84 units across the UK. Despite macroeconomic challenges due to high inflation, the company still plans to open 45 new restaurants in the next years in line with the target announced at the time of its Initial Public Offering (IPO) and it said how by “maintaining tight cost control, the group has already taken proactive and decisive steps to help mitigate against these external pressures. This includes updating pricing, driving operational efficiencies, and adopting a multi-platform delivery proposition by partnering with UberEats and Just Eat, as well as Deliveroo, to access more customers choosing to stay at home. Notwithstanding the macro-economic backdrop, the board remains highly confident that Tortilla is well positioned in the competitive landscape, underpinned by its reputation for great value, strong delivery proposition, and successful roll-out strategy.”
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https://www.lse.co.uk/news/tortilla-outperforms-wider-industry-in-first-half-jnbry0040ul76as.html
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