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Our Bars
The Food & Drink Group PLC
Investor Information
Interim results for the 29 weeks ended 14 April 2007
The Food & Drink Group PLC, the London focussed licensed retailer and operator of 33
bars including Henry J Bean’s and Jamies, announces results for the 29 weeks ended 14 April 2007.
Financial Highlights at 14 April 2007
Turnover up 5.2% to £10.5m (2006: £10.0m)
Like-for-like sales up 6.1%
EBITDA up to £1.2m (2006: £1.1m)
Profit before tax up 98% to £0.6m (2006: £0.3m)
Earnings per share up 102% to 11.5p (2006: 5.7p)
Interim dividend of 0.5p payable 6 July 2007
Gross margin increased to 75.1% (2006: 74.6%)
Acquisition of seven leasehold sites from Puzzle Pub Company for £1.2m in the second half Strong current trading with like-for-likes up 8.5% since the half year
Stephen Thomas, Chairman of The Food & Drink Group, commented:
“I am delighted to report another strong period of trading for the Group. This has been
driven by continued strong underlying sales growth across all three trading divisions,
together with an excellent performance from our private function and party business.
Trading in the second half has begun well with like-for-like sales up 8.5% since the half
year, with good early progress made on our recent acquisition of seven sites. We remain confident of another successful year for the Group.” 30th May 2007
Preliminary Results for the 52 weeks ended 23 September 2006
The Food & Drink Group PLC, the London focussed licensed retailer and operator
of 27 bars, announces record results for the 52 weeks ended 23 September 2006.
Financial Highlights at 23 September 2006
Sales increased 53% to £20.3m (2005: £13.3m)
Like for like sales from the core bar business increased by 4.5%
Gross margin increased to 75.2% (2005: 74.3%)
Overall EBITDA improved 134% to £2.7m (2005: £1.2m)
* and amortisation of goodwill, rose 204% to Profit before tax, pre exceptionals
£1.3m (2005: £0.4m)
Six-fold increase in earnings per share, pre amortisation of goodwill, to 29p
(2005: 4p)
Proposed maiden dividend of 1.0p
All acquisitions fully integrated and performing ahead of expectations
Current trading is good with like-for-like sales up 5.6% in first 10 weeks of new
financial year
* for the purposes of the highlights, exceptionals relate to reorganisation costs and profit/loss of disposals.
Stephen Thomas, Chairman of The Food & Drink Group PLC, commented:
“This is another creditable performance from the Group as a whole with all three
divisions trading well. Trading in the current year is encouraging and the Group is
in a strong position to take advantage of new site opportunities and continued
sector consolidation.” 7 December 2006