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Tortilla Mexican Grill Ltd. ( (GB:MEX) ) has issued an announcement.
Tortilla Mexican Grill plc announced its annual results for 2024, highlighting a strategic focus on rejuvenating UK operations and expanding into Europe through the acquisition of Fresh Burritos in France. The company reported a 3.5% revenue increase to £68.0m, driven by the acquisition and strong franchise contributions. Despite a marginal decline in group LFL sales, UK sales showed significant recovery. The integration of Fresh Burritos faced delays due to French planning approvals, but store conversions are expected to be completed by the end of 2025. The company’s strategic initiatives, including technology enhancements and brand revitalization, aim to drive growth and profitability.
More about Tortilla Mexican Grill Ltd.
Tortilla Mexican Grill plc is Europe’s largest fast-casual Mexican restaurant brand, founded in 2007 by a San Francisco duo. The company operates 81 locations in the UK, 27 in France, and 12 in the Middle East, offering authentic California-style burritos, tacos, and salads. Known for its quick service and quality ingredients, Tortilla emphasizes sustainability with recycled packaging and renewable energy use. Headquartered in London and listed on the LSE, Tortilla employs over 1,200 people.
Average Trading Volume: 47,118
Technical Sentiment Signal: Sell
Current Market Cap: £13.92M
For an in-depth examination of MEX stock, go to TipRanks’ Stock Analysis page.