Tasty sees takeaway and delivery sales ‘perform well’
Following the easing of lockdown restrictions on 17 May 2021, most of the company's estate reopened, with 49 of the 54 sites fully open for trading
Tasty, the operator of restaurants in the casual dining sector, has revealed that for the six-week period to 27 June 2021, takeaway and delivery sales “performed well” during the most recent lockdown.
Following the easing of lockdown restrictions on 17 May 2021, most of the company’s estate reopened, with 49 of the 54 sites fully open for trading.
The company said it has also made “good progress” in expanding delivery and click and collect across all sites.
Since the relaxation of indoor dining restrictions, trading has benefitted from significant “pent-up demand”, despite the restaurants having restricted capacity due to social distancing.
Furthermore, the board believes that, as a result of international travel restrictions, increased disposable income and a general strong desire to go out, trade will remain “robust” throughout the summer months.
Notwithstanding this, the company said it has taken measures to combat the challenges ahead posed by supply chain disruption, recruitment issues, wage inflation, the reintroduction of business rates, and the reduction in furlough and VAT support.
The group has also agreed to consensual lease concessions and rent reductions on more than 80% of the estate and is continuing to negotiate with the remaining landlords and other creditors to settle any outstanding debts.
