YO! Sushi reports 1.7% increase in total sales for FY17
Their growth is said to be driven by menu innovations and to-go and delivery services.
YO! Sushi announced that their total sales went up to £89.9 million from £88.4 million, having an increase of 1.7% for its financial year ending last November 2017.
The Japanese restaurant also reported that they had like-for-like growth of 4% and had their adjusted company EBITDA up at £8.5 million from FY16’s £7 million. Their to-go concept, YO!TOGO had 21% like-for-like revenue increase.
“YO! has always been an innovator and first mover, since first bringing the kaiten belt to the UK over twenty years ago. The last year has seen the group significantly diversify its strategy and business model and more than double its turnover with the acquisitions of Bento and Taiko,” Richard Hodgson, CEO of YO!, said.
“It is still early days in terms of fulfilling that potential, but we are already seeing exciting opportunities as the group moves to the next stage of its growth and development.”
YO! opened six new stores during the period and acquired Bento Sushi last November 2017 and Taiko earlier this April.