Published:
Gourmet Burger Kitchen's gross profit grows by 15%
It also reported a turnover growth of 16% to £77.9m in the year ended 26 February 2017.
According to Intelligent Business Systems, the sales growth was based on the 13 new restaurants launched this year.
The company stated, “(Revenue) was driven by new openings, strong underlying like-for-like growth and continued development of new channels such as ‘click and collect’ and delivery.”
Gross profit increased by 15% to £33m from £28.8m in 2016, and gross profit margin was 42.4% from 42.7% in the last year. Administrative expenses for the period increased 16% to £26.8m (2016: £23.1m) due to the increased number of restaurants in the estate.
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Photo credit: Adam Johnson
