Itsu reports 2.3% like-for-like store sales growth
Asian-inspired fast casual restaurant brand Itsu saw 2.3% like-for-like store sales growth during 2015, according to data filed to Companies House for the year to 31 December 2015.
During 2015, the company's revenue grew by 22% to £82.6m in comparison with 2014, and earnings before interest, taxation, depreciation and amortisation grew by 6% to £7.3m. Profit for the financial year fell to £434,150, compared to £1.6m in 2014, primarily due to the number of new store openings. It opened 10 new stores in 2015, including Cambridge, Reading and Stansted airport, as well as flagship stores in Westfield (Shepherd's Bush) and Bicester Village.
The company achieved a like-for-like retail store sales increase of 9.5% in the last quarter of the year and is forecasted to grow at similar levels in 2016.
Itsu, which started life in London, is opening its 58th site in Reading at the end of the month, part of its national expansion drive, and launched its own Itsu [to you] delivery service and app earlier this year.
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