Fulham revenue doubles in half-year results
Fulham said 21 more ‘potential sites’ are in solicitors' hands for both Franco Manca and The Real Greek
Fulham has announced that revenue soared by 103% from £19.8m to £39.5m in its interim results for the six months ended 26 September 2021.
The owner of Franco Manca and The Real Greek revealed that group revenues for both chains have continued to be ahead of 2019 comparatives in October and November.
Both business’ revenue and profit before taxation are ahead of the same period prior to Covid-19 in 2019 and the group said it has shown an “improvement” of £8.7m from the net debt position of £3.6m as at 28 March 2021.
The firm has opened three restaurants since the beginning of 2021, two Franco Manca pizzerias in Glasgow and London, as well as one new The Real Greek restaurant in Norwich, taking the group’s total to 75.
Fulham said 21 more “potential sites” are in solicitors’ hands for both Franco Manca and The Real Greek.
David Page, chairman of Fulham Shore, said: “This strong performance continues to reflect the outstanding quality and value of our menus as well as the talent of the amazing teams across both of our restaurant businesses.
“With strong revenue growth in the Half Year and continued buoyant current trading, Fulham Shore is performing ahead of management’s expectations with many restaurants throughout the UK continuing to break weekly trading records.”
He added: “We have 21 more potential sites in solicitors’ hands across both businesses and look forward with confidence to the continued growth of both of our fantastic restaurant businesses over the coming years.”