News
The US-essentially based entirely burger chain saw revenues in Europe rise by bigger than £90m in the route of its latest monetary year from £452.3m in 2022 to £542.9m for the year ended 31 December 2023.
Earnings in the UK increased from £278.6m to £316.4m whereas sales grew from £61.3m to £77.9m in France, from £61.1m to £77.9m in Germany and £51.3m to £70.6m in Spain.
The company moreover reported a pre-tax lack of £16.2, down from £35.6m over the identical 12-month period closing year.
Consistent with accounts filed at Companies Condominium, Five Guys operated 256 drinking locations across the UK, France, Spain, and Germany at year quit, a obtain amplify of 14 sites on the outdated year.
“The community persevered its enlargement and the administrators are confident in the development plans going ahead in all territories,” the company says in its report.
“The high levels of inflation experienced in 2022 continued into 2023 and, whilst the group was not completely immune to this, we were able to manage out cost base effectively and implement modest price increases to offset the impact of rising input costs.”
