Annual like-for-like sales at Revolution Bars Group up 2.3%

20 July 2016 by
Annual like-for-like sales at Revolution Bars Group up 2.3%

Revolution Bars Group, the operator of 62 outlets, achieved an increase in like-for-like sales of 2.3% for the year to 30 June 2016, according to a trading update.

Meanwhile, total sales for the period across the Revolution and Revolución de Cuba brands were up 6.9% to £119.5m (2015: £111.8m), highlighting the sales contribution from the opening of new sites.

Revolución de Cuba launched in Milton Keynes, Nottingham and Leeds, during the first half of the year, followed by a new Revolution in Stafford and a Revolución de Cuba bar in Liverpool's Albert Dock, in the second half. There are currently 53 trading Revolution bars and nine Revolución de Cuba.

Mark McQuater, chief executive of the group, said: "We are pleased with performance this year and particularly pleased with the performance of our new openings, all of which are trading ahead of our pre- investment expectations.

"We continue to make progress in developing our new site pipeline and look forward to opening a new Revolución de Cuba bar in Reading in the autumn. We are today announcing the continued implementation of our rollout plan with three more new sites being confirmed for 2017. We have exchanged contracts , with full licensing and planning consents, on sites in Harrogate, Glasgow and Aberdeen."

The group's full year results, which are expected to be in line with the board's expectations, will be announced on Tuesday 4 October 2016

Sean Curran to leave Revolution Bars Group >>

Revolution Bars to open three new sites >>

Pre-tax profits at Revolution Bars grow by 9.3% to £4.7m >>

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