Various Eateries Reports Growth and Optimistic Outlook

Various Eateries PLC ADR (GB:VARE) has released an update.

Various Eateries PLC, a UK-based hospitality group, reported a 10.2% sales increase to £22.7m despite slightly lower like-for-like sales, attributed to new site openings and a strategic focus on customer satisfaction over short-term profit margins. The company’s financial position remains strong with £7.2m in cash and management is optimistic about future growth, underpinned by new site openings like Noci Richmond and Coppa Club Cardiff. Various Eateries is slated to announce interim results for the first half of 2024 on 27 June 2024, as it continues to expand and enhance its operations.

For further insights into GB:VARE stock, check out TipRanks’ Stock Analysis page.