Megan’s reaches £29.9m in revenues
The company realised a 20% EBITDA margin at the company level.
Megan’s reported that it reached £29.9m in revenue (FY2023 £26.5m) and a company EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) of £4.8m (FY2023 £2.7m).
The company said that during the second half of the fiscal year, it realised a 20% EBITDA margin at the company level. Megan’s said the improvement is largely attributed to the strategic leadership of Bridget Lambert, Operations Director, and her dedicated team. Their efforts have driven sustainable operational efficiencies and enhanced the overall guest experience, building on a strong foundation poised for further growth.
Megan's expansion continues at pace, with the recent opening of their 20th site in Twickenham. This beautifully designed location is off to a flying start, exceeding expectations and welcomed by the local community. Additionally, construction is now underway for their long-awaited opening in Weybridge, which will launch in July 2024.
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"Our financial results and operational achievements over the past year are a testament to the hard work and dedication of our entire team. With Bridget's leadership, we have optimised our operations and are excited about the continued expansion of our brand. The whole team has worked exceptionally hard over the past year to set the business up for growth, including the rollout of several market-leading systems and a full revamp of our menu offering and supply chain. With a strong pipeline of sites, including Farnham, Crouch End, and Henley, we look forward to another strong year of growth and continuing to bring Megan’s to more neighbourhoods,” said Finance Director Gill Clements.
