Business
Trading Update & Notice of Results
Trading Update & Notice of Results.
About this update from Coppa Collective Plc
[{"type":"text","content":"\n\nThe information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n7 May 2025\n \nVARIOUS EATERIES PLC\n \n(\"Various Eateries\" or \"the Company\" and with its subsidiaries \"the Group\")\n \nTrading Update & Notice of Results\n \nEncouraging Like-For-Like sales momentum and strong profit growth underpin confident outlook\n \nVarious Eateries PLC, the owner, developer and operator of restaurant, clubhouse and hotel sites in the United Kingdom, announces an update on trading for the 26-week period ended 30 March 2025 (the \"Period\").\n \nThe Group is trading in line with market expectations for the full year, having delivered sales of £24.7 million for the Period, an increase of 8.8% versus the prior year (H1 2024: £22.7 million). Growth was driven primarily by the contribution of new site openings.\n \nLike-for-like sales for the Period were flat year-on-year, primarily reflecting the impact of Easter falling later this year and after Period end. Including the five weeks of post-Period, trading to date (which include Easter), like-for-like sales are up 1.3% versus the prior year.\n \nOperational performance continued to improve, with site-level EBITDA increasing by 81% on the prior period. Group profitability for the Period was ahead of the prior year. These gains reflect the ongoing focus on operational improvements and service excellence.\n \nThe Board is encouraged by the Group's trading momentum and improved profitability as it prepares to enter the important summer trading months. Supported by a robust balance sheet and strengthened operational platform, the Group will continue to evaluate expansion opportunities while maintaining its disciplined approach to site selection.\n \nCash at bank as at 30 March 2025 was £6.0m (H1 2024: £7.2m).\n \nNotice of Results\n \nThe Company's interim results for the 26-week period ending 30 March 2025 are scheduled t...