Wendy’s sees UK turnover rise by nearly 50%
🍔 Wendy's UK turnover increased from £21.2m in 2022 to £31.9m in 2023. Pre-tax profits dropped slightly from £1.4m to £1.2m. The company expanded from six to 12 company-owned restaurants in 2022, ending 2023 with an additional 24 franchises. Restaurant sales contributed £19.6m and management fees £11.4m to 2023 turnover. Plans include growing to 45-50 UK restaurants by end of 2024, targeting 400 long-term. CFO Gunther Plosch cited the UK as a strategic market and a gateway to Europe.
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