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Wendy’s Restaurants UK turnover surges 50% to £31.9m in FY2023
The company’s gross profit also increased to £8.5m.
Wendy’s Restaurants of UK Limited had a turnover increase of 50% to £31.9m in FY2023 from £21.3m in FY2022, attributable to a higher number of company-operated restaurants in operation in 2023 compared in the previous year.
The company’s gross profit also increased to £8.5m in FY2023 from £6m in FY2022 due to higher management fees for UK restaurant services.
However, their operating profit dipped by 3.2% to £1.9m in FY2023 from £2m in the preceding year.
Total comprehensive income for FY2023 also decreased to £854,346 from £1.5m in FY2022.
