The next chapter 6 December 2019 Lexington managing director Julia Edmonds on taking the helm at the caterer and her people plans for the future
In this week's issue... The next chapter Lexington managing director Julia Edmonds on taking the helm at the caterer and her people plans for the future
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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.

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