IN BRIEF: Tasty targets "smarter" marketing as laments headwinds
24th Jan 2025 10:32
Tasty PLC - London-based casual dining restaurant operator - Expects to report total sales from the restructured estate of GBP36.6 million for 2024, down 22% from GBP46.9 million in 2023. Adjusted earnings before interest, tax, depreciation and amortisation are expected to have fallen 14% to GBP3.8 million in 2024 from GBP4.4 million in 2023. The company notes significant ongoing headwinds in the casual dining sector, as consumer confidence and discretionary spending falls. "These pressures have been compounded by the UK government's October 2024 budget, which introduced an increase in employers' national insurance contributions and a reduction in the secondary threshold effective from April 2025," it highlights. Read More