Nightcap Q3 sales hit £7.6m
The board said it now expects that its full-year results will be ‘significantly ahead’ of current market expectations
Nightcap has reported a 68% increase in total net sales to £7.6m for the 13-week period ending 26 September 2021.
This is an increase compared with the same period in 2019, when there were no Covid restrictions on trading.
The board said it now expects that its full-year results will be “significantly ahead” of current market expectations.
Sarah Willingham, CEO of Nightcap, said: “I am delighted to announce this upgrade of our expectations for the 53 weeks ending 3 July 2022, as a result of such strong performance across the group.
“As anticipated, new sites are becoming available as the fallout from the pandemic continues. We expect the end of the rent moratorium in March 2022 to further improve availability of excellent sites.”
She added: “With the opening of three new sites in November and a further 23 sites in legal negotiations or under offer, we are confident both in the strength of our bar concepts and in our ability to continue our rapid expansion across the UK.”
