Sales evolve at Revolution
Revolution bar operator Inventive Leisure today announced a 12% rise in turnover for the first 22 weeks of the year.
John Green, chairman of the Leeds-based group, also reported a 1.6% increase in like-for-like sales.
After describing last year as "difficult" in October, Green now paints a healthier picture, calling the market "more stable than we have seen for some time."
The growth in revenue is partly down to higher food sales through the company's Vodka Kitchen initiative, which generated year-on-year sales growth of 48%.
As a proportion of turnover, food sales grew from 3.8% to 5% in the financial year to date.
In October the company posted an annual fall in pre-tax profit to £2.5m (£3.6m in 2003) following a high-street price war.
Today Green said: "We have seen a modest abatement in deep price discounting in recent weeks."
Next year the group hopes to take its estate to 40 by opening sites in Manchester, Leeds and Cardiff.
by Tom Bill
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