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Tasty losses deepen as weather, World Cup bite

By BFN News | 07:46 AM | Friday 21 September, 2018


Restaurant operator Tasty, which owns the Wildwood brand, booked a deeper first-half loss after revenue fell and it booked an impairment charge on an onerous lease. Pre-tax losses for the six months through July amounted to £11.6m, compared to losses of £9.3m on-year. Revenue fell 5.7% to £23.0m. ;As highlighted previously the market conditions in 2018 continue to be challenging and have been exacerbated by unfavourable weather conditions and the World Cup,' the company said. 'This is not unique to Tasty and has been evidenced by the well-documented closures across the casual dining market and throughout the retail sector.' 'In February 2018 we implemented major operational structural changes and are beginning to see early signs of improvements which we expect to continue in the second half of the year.' Story provided by StockMarketWire.com

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