Burger King UK reports operating profit of £13.4m in 2023
This comes after a £20.5m loss in 2022.
Burger King UK reported an operating profit of £13.4m in 2023, a significant improvement from its £20.5m loss in 2022.
The fast food brand attributed the growth to an increase in revenue, reduced impairment, and cost control.
Revenue increased to £381.7m from £294.5m. Loss for the year narrowed from £30.5m from £48.7m
Looking forward, the group said though inflationary pressures have started to soften, the UK Government’s decision to increase the National Living Wage by 9.7% in 2024 will further drive inflation as many businesses will respond through price increases.