Various Eateries, which operates 20 locations across the two brands, says revenue will be £52.4m for the year ending 28 September, up from £49.5m the previous year and ahead of market expectations of £50.7m.
Full-year adjusted EBITDA is expected to be at least £1.1m, up from £0.3m in 2024 and ahead of market expectations of £0.4m.
The record profit performance reflects continued operational optimisation, such as smarter demand-driven workforce scheduling, according to the group. It has further been delivered despite a.£1.3m impact from minimum wage and national insurance increases in the financial year.
The group says that it is well positioned for the next phase of growth and will continue to look for opportunities to expand its core brands, as well as new opportunities to complement its portfolio, strengthen its estate, and fit in with the rest of the business.
“Momentum from the first half carried into the second, with a return to like-for-like growth and record profitability demonstrating the progress we have made. The sunshine certainly brought our outdoor spaces to life, but the real story lies behind the scenes. Across the Group, our teams are lifting standards site by site, refining menus, improving speed and consistency, and building stronger, more focused operations,” says Mark Loughborough, CEO of Various Eateries.
“The breadth of our offer remains one of our greatest strengths, giving us multiple levers for growth across dayparts, occasions and locations. That diversity, combined with disciplined execution, has allowed us to grow sales in a way that helps offset some cost and margin pressures.
“We are becoming a more efficient and resilient business while continuing to enhance the guest experience, which in turn is driving stronger conversion and more repeat visits. Against a backdrop that remains challenging, I am proud of the progress we are making. We will continue to raise the bar, running a tighter operation and delivering a better experience for everyone who walks through our doors.”