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Morning Briefing for pub, restaurant and food wervice operators

Mon 6th Jul 2015 - Revolution Bars Group reports 3% like-for-like sales growth in full year
Revolution Bars Group reports 3% like-for-like sales growth in full year: Revolution Bars Group, the operator of premium bars trading under the Revolution and Revolución de Cuba brands, has reported total sales for the year to 30 June 2015 increased by £3.1m (+2.9%) to £111.8m (2014: £108.7m). Like-for-like sales rose by +3.0%. The group’s full year results, which are expected to be in line with the board’s expectations, will be announced on Tuesday 29 September 2015. Chief executive Mark McQuater said: “We are delighted to have joined the premium segment of the London Stock Exchange. Since we published our IPO prospectus earlier this year, I am pleased to confirm that our trading performance has continued to be strong and in line with our expectations. Like-for-like sales remain positive in both our drinks and food business and across both brands. We continue to make significant progress in developing our new site pipeline and we look forward to some exciting new bar openings before Christmas, details of which we will confirm in September. We will also be updating the market both on existing bar estate performance and our development plans at that time.” 


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