Itsu has reported an increase in revenue of £58.7m for the 2021 vs. £41.4m in 2020. Same store sales for the current year are expected to be at the 2019 level.
Thanks to a decrease in operating losses, adjusted EBITDA has increased by 161% from -£5.7m to +£3.5m. Following COVID lockdown, the brand has observed a change in customers behavior with higher proportion of sales coming from suburban areas vs. Itsu’s traditional London workers-driven business. As a result, the brand is looking at focusing new openings in regional towns and malls also in cooperation with franchisees.
Read more on:
https://www.mca-insight.com/finance/itsu-achieves-restaurant-ebitda-increase-of-160/672281.article
Sodexo and Lagardère Travel Retail both achieve year-on-year growth, announced within their respective financial announcements.…
Just Pizza & Pasta set to open first UK mainland store - based in Manchester.…
EL&N have debuted in India. The British coffee brand have opened their first store…
Starbucks have acquired all 113 sites from their franchise partner, taking their UK Company-owned and…
The Italian brand, Cioccolatitaliani, have become the newest brand operated by the multi-brand franchisee, Sphera.…
Taco brand, Velvet Taco, have announced plans to open their first international store. The…