10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

Popeyes ‘well positioned to continue growth ambitions’ as revenue rises

  • James McAllister
  • 8 October 2024
  • 1 minute read
Total
0
Shares
0
0
0

This article was written by Restaurant Online Magazine. Click here to read the original article

image

In the year to 31 December 2023, Popeyes’s UK estate rose from 17 to 38 sites, which the group said ‘underscores the effectiveness of its rollout strategy’ across the UK in its latest accounts on Companies House.

The group reported a pre-tax loss of £9.4m for the period, widening from a £4.1m loss the prior year.

“The accounts from this period reflect our investment into a growing company, including new sites and an increased headcount; gearing up our infrastructure to support the business’ expansion ambitions,” says Drew Taylor, chief financial officer at Popeyes UK.

“2023 was an impressive year of revenue growth, reflecting the success of our roll out strategy.

“It was pleasing to see sales exceed expectations delivering £58m in FY23 with LFL sales growth of 19.6%.

“Since our launch to huge hype and acclaim, we have maintained momentum with 60 site openings, cementing our presence across the UK.”

Taylor adds that Popeyes UK is on course to reach an estate size of approximately 65 sites by the end of 2024, with ‘even greater expansion ambitions’ set for 2025.

He says the business is also ‘well on track’ to deliver sales of over £100m in its 2024 financial year, as previously mooted by the group back in April.

Hotel branding | How to build a brand strategy in 2025
Trending
Hotel branding | How to build a brand strategy in 2025

Back in January, TDR Capital took a controlling stake in Popeyes UK​​.

In its results, Popeyes said the partnership ‘allows it to continue the momentum it’s built across the UK and accelerate its restaurant openings programme’.

Popeyes opened its first UK site in London’s Stratford in November 2021 and has said previously that it is aiming to open 350 sites across the UK within 10 years.

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Categorizing...

&Tradition turns Kay Fisker-designed building into “accessible and inviting” Hotel Petra

  • Cajsa Carlson
  • 29 June 2025
View Post
  • Categorizing...

Dida unlocks the travel power of China’s…

  • Travel Weekly Group Ltd
  • 27 June 2025
View Post
  • Categorizing...

The Luxurist integrates into HBX Group’s…

  • Travel Weekly Group Ltd
  • 27 June 2025
View Post
  • Categorizing...

MakeMyTrip raises $2.6B to buy back stake from Trip.com Group

  • By Linda Fox
  • 23 June 2025
View Post
  • Categorizing...

LIAT (2020) Limited Partners with RateGain to Strengthen Pricing Agility and Route Profitability in the Caribbean 

  • Kushal Walia
  • 10 June 2025
View Post
  • Categorizing...

Dalhousie Castle Hotel to undergo £5 million renovation

  • Lacie Carr
  • 6 June 2025
View Post
  • Categorizing...

Top Tips to Keep Hotel Revenue Management Teams Trained and Updated

  • Suzanne
  • 6 June 2025
View Post
  • Categorizing...

Consumers plan to tighten their restaurant spending this summer

  • YiTyng.Sin@informa.com
  • 6 June 2025
Sponsored Posts
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers

    View Post
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ

    View Post
  • Day & Night: The Bold Rebranding Powering Shiji’s Presence in Global Hospitality Tech

    View Post
Last Posts
  • Applying Constraints to Your Work Life – The Secret Sauce
    • 30 June 2025
  • Message in Motion: Why Communication Belongs in the Workflow
    • 30 June 2025
  • Segmentation Recommendation Engines as the Next Big AI Tool for Hotels
    • 30 June 2025
  • Understanding Market Value vs. Other Definitions of Value in Real Estate Valuation
    • 30 June 2025
  • IDeaS and berner+becker Form Strategic Partnership to Elevate Revenue Management for German Hotel Market
    • 30 June 2025
Sponsors
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ
  • Day & Night: The Bold Rebranding Powering Shiji’s Presence in Global Hospitality Tech
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.