(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Tortilla Mexican Grill PLC - London-based fast-casual Mexican restaurant group - Enters into a new, enlarged funding facility with Santander UK PLC, part of Banco Santander SA. Under this, Tortilla Mexican agrees a new GBP12.5 million senior facility agreement, replacing the existing GBP10.0 million facility which was due to mature on September 14, 2026. "This enhanced facility will strengthen the group's balance sheet and provide additional flexibility to support UK growth through targeted investment in technology and brand marketing. It will also enable the refurbishment and rebranding of the sites acquired in France last year, which will relaunch under the Tortilla brand," the company says. Company guidance for leverage remains unchanged. In addition, says Chief Financial Officer Maria Denny plans to step down as of the end of September. The board has initiated a formal search process to identify a successor. In the interim, Josie Whelan, currently head of commercial finance, will be appointed non-board interim CFO. Read More
(Alliance News) - Tortilla Mexican Grill PLC on Wednesday said its loss widened during its most recent financial year, as a result of increased expenses relating to its acquisition of the Fresh Burritos brand. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Tortilla Mexican Grill PLC said on Wednesday that it remains on track to meet 2024 trading expectations due to improved profitability in the first half. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Wednesday. Read More
(Alliance News) - Tortilla Mexican Grill PLC said it has purchased competitor Fresh Burritos for EUR4.0 million. Read More
(Alliance News) - Tortilla Mexican Grill PLC on Wednesday reported sales growth amid a "turbulent economic backdrop". Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Tortilla Mexican Grill PLC - London-based Mexican chain restaurant - Says Chief Executive Officer Richard Morris will step down after 10 years with the company at the end of March. Promotes Chief Financial Officer Andy Naylor as CEO and appoints Signify's former UK & Ireland CFO Maria Denny Naylor's successor. Chair Emma Woods says: "On behalf of everyone here at Tortilla I would like to thank Richard for his significant contribution to the business over the last 10 years. Under Richard's leadership Tortilla has expanded from 14 to 89 restaurants, including franchises in the Middle East and UK travel locations, establishing itself as the nation's largest fast casual Mexican brand with a strong and expanding portfolio of exciting growth opportunities both in the UK and overseas. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Tortilla Mexican Grill PLC on Wednesday lowered its expectation of revenue growth this past year. Read More
(Alliance News) - Tortilla Mexican Grill PLC reported a loss in the first half of its financial year as administrative expenses increased faster than revenue. Read More
Tortilla Mexican Grill PLC - London-based fast-casual restaurant chain - Hires Keith Down to be senior independent director from Thursday. Down was finance director at pub chain JD Wetherspoon PLC, group finance director at transport operator Go-Ahead Group PLC, and chief financial officer of homewares retailer Dunelm Group PLC. Most recently, he was finance director of department store chain Selfridges Group. Down currently is senior independent director of retailer Topps Tiles PLC. Read More
Tortilla Mexican Grill PLC - London-based fast-casual restaurant chain - Confident 2023 results will be in line with market expectations of adjusted earnings before interest, tax, depreciation and amortisation of GBP5.0 million on revenue of GBP69.8 million. This is up from GBP4.0 million in adjusted Ebitda on GBP57.7 million in revenue in 2022. Revenue in the six months that ended July 2 was GBP32.7 million, up 22% from GBP26.9 million a year before, Tortilla says. Like-for-like revenue increased by 8.4% when adjusting for a value-added-tax benefit a year before, outpacing the wider market. However, this implies slower growth as the half-year progressed. Like-for-like sales growth on the same basis had been 11% in the eight weeks to February 26. Net debt on July 2 is GBP1.6 million, as expected. Read More