Comptoir Group Reports Revenue Growth Amidst Operational Challenges

The latest announcement is out from Comptoir ( (GB:COM) ).

Comptoir Group PLC reported a 10% increase in group revenue to £34.6m for FY 2024, with a gross profit of £27.8m. Despite this growth, the company faced a loss after tax of £1.9m, and a decrease in adjusted net cash to £3.0m. The group closed several sites, including Kenza and Comptoir Bluewater, while opening new locations and expanding its franchise operations internationally. The hospitality sector’s challenges, such as cost of living pressures and wage increases, are impacting the group’s margins, but the company remains focused on cash management and operational efficiency.

More about Comptoir

Comptoir Group PLC operates 26 Lebanese and Middle Eastern inspired restaurants, with 22 owned and 6 franchised, primarily in the UK. The flagship brand, Comptoir Libanais, offers casual dining with a vibrant atmosphere, serving Lebanese and Middle Eastern cuisine. The group also operates Shawa and Yalla-Yalla, and has expanded internationally with franchise partners in countries like the Netherlands, UAE, and Italy.

Average Trading Volume: 55,414

Technical Sentiment Signal: Sell

Current Market Cap: £3.8M

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