Megan’s reports rise in revenues and profit

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Megan’s reports rise in revenues and profit

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Megan’s has reported a rise in annual revenues for the year ending March 2024.

The all-day restaurant group saw revenues climb from £26.5m the previous year to £29.9m, up 12.5%

The company also reported company EBITDA of £4.8m, compared to £2.7m, the previous year.

During the second half of the financial year, Megan’s realised 20% EBITDA margin at the company level, which it attributes to the strategic leadership of Bridget Lambert, who has driven sustainable operational efficiencies and enhanced the overall guest experience, according to the company.

“Our financial results and operational achievements over the past year are a testament to the hard work and dedication of our entire team,” says finance director Gill Clements.

“With Bridget’s leadership, we have optimised our operations and are excited about the continued expansion of our brand. The whole team has worked exceptionally hard over the past year to set the business up for growth, including the rollout of several marketleading systems and a full revamp of our menu offering and supply chain.

”With a strong pipeline of sites, including Farnham, Crouch End, and Henley, we look forward to another strong year of growth and continuing to bring Megan’s to more neighbourhoods.” 

Megan's recently opened its 20th site in Twickenham​, which the company says has so far exceeded expectations.

Its 21st restaurant is due to open in Weybridge in July.

Related topics Casual Dining

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