The Caterer

Nando's serves up 'robust performance' as revenue exceeds £1b

28 November 2019 by
Nando's serves up 'robust performance' as revenue exceeds £1b

Peri-Peri chicken restaurant group Nando's has delivered "a robust performance" with an 8.4% increase in revenue to £1.05b.

The uptick was driven mostly by organic growth in key markets and increased sales from franchise acquisitions.

Accounts for the 52-week period ending 24 February 2019 saw gross profit of £213.4m, an increase from the previous year's £204.5m.

Operating profit was £41.9m a slight decrease from the previous year's £42.7m and there was a loss before tax of £25.2m which was attributed to the investment in people and an expanding international footprint.

The firm has been expanding its business through opening new fast-casual dining restaurants and the distribution of branded sauces.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.