
Gourmet Burger Kitchen's like-for-like sales rise 3.7%
System-wide sales declined 13.9%.
Gourmet Burger Kitchen saw like-for-like sales increase 3.7% for the year ending 29 February 2020, its parent company Famous Brands said.
System-wide sales declined by 13.9%, which it attributed to the closure of restaurants as part of the company voluntary arrangement (CVA) process.
“Uncertainty regarding the resolution of Brexit persisted during most of the reporting period, subduing consumer confidence and spend in the UK market. Gourmet Burger Kitchen’s results for the review period reflect the difficult and intensely competitive trading conditions,” the company said.
“However, management is satisfied that ongoing and extensive operational improvements as well as the benefits derived from the CVA restructuring programme continue to have a positive impact on the business.”
The company did not provide an update on its Wimpy UK business.