REG - Various Eateries PLC - Full-Year Trading Update

Various EateriesAnnouncement

Today 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251020:nRST9285Da&default-theme=true

RNS Number : 9285D  Various Eateries PLC  20 October 2025

The information communicated within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014 as it forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the
Company's obligations under Article 17 of MAR. Upon the publication of this
announcement, this inside information is now considered to be in the public
domain.

 

20 October 2025

 

VARIOUS EATERIES PLC

 

("Various Eateries" or "the Company" and with its subsidiaries "the Group")

 

Full-Year Trading Update

 

Return to like-for-like growth and record profitability

 

Various Eateries PLC, the owner, developer and operator of restaurant,
clubhouse and hotel sites in the United Kingdom, provides the following update
on trading for the 52-week period ending 28 September 2025.

 

The Group expects full-year revenue of £52.4m (2024: £49.5m), +6% year on
year and ahead of current market expectations of £50.7m.

 

Full-year adjusted EBITDA* is expected to be at least £1.1m (2024: £0.3m)
versus market expectations of £0.4m. Record profit performance reflects
continued operational optimisation, including smarter demand-driven workforce
scheduling, and has been delivered despite a c.£1.3m impact from minimum wage
and national insurance increases in the financial year.

 

Like-for-like sales in H2 were +4% year on year. Full year like-for-like sales
were +2% (2024: -1.0%), outperforming the market and improving on flat
like-for-like sales at the half year. Sales have benefited from supportive
summer weather and targeted enhancements to the customer proposition,
including the premiumisation of the food and drink menus with select
higher-priced items.

 

Across both Coppa Club and Noci, we continued to fine-tune service quality and
guest experience. This has been exemplified by refinements to Coppa Club
layouts, enabling a seamless transition from relaxed daytime venues to lively
evening destinations, unlocking additional trade.

 

Momentum has continued into FY26, and with firm foundations in place, the
Group is well positioned for the next phase of growth. The strength of our
core brands and the breadth of our offer provide resilience and position us
well to continue navigating a challenging market.

Looking ahead, we remain ambitious for growth, including the expansion of our
core brands, and will continue to explore new opportunities where they
complement our portfolio, strengthen our estate and fit with the quality and
character that define our business.

The Group's financial position is healthy, with cash at bank of £8.0m as at
28 September 2025 (2024: £5.8m).

 

*Adjusted EBITDA is EBITDA before pre-opening costs, share-based payments, and
exceptional costs, and is reported by the Group before the impact of IFRS 16.

 

The Chief Financial Officer, Sharon Badelek, has approved this announcement
and authorised its release.

 

Mark Loughborough, CEO of Various Eateries, said:

"Momentum from the first half carried into the second, with a return to
like-for-like growth and record profitability demonstrating the progress we
have made. The sunshine certainly brought our outdoor spaces to life, but the
real story lies behind the scenes. Across the Group, our teams are lifting
standards site by site, refining menus, improving speed and consistency, and
building stronger, more focused operations.

The breadth of our offer remains one of our greatest strengths, giving us
multiple levers for growth across dayparts, occasions and locations. That
diversity, combined with disciplined execution, has allowed us to grow sales
in a way that helps offset some cost and margin pressures.

We are becoming a more efficient and resilient business while continuing to
enhance the guest experience, which in turn is driving stronger conversion and
more repeat visits. Against a backdrop that remains challenging, I am proud of
the progress we are making. We will continue to raise the bar, running a
tighter operation and delivering a better experience for everyone who walks
through our doors."

 

Contacts:

 

 Various Eateries plc                         Via Alma
 Mark Loughborough (Chief Executive Officer)
 Sharon Badelek (Chief Financial Officer)

 Zeus (Sole Broker & NOMAD)                   +44 (0)20 3829 5000
 Harry Ansell (Broking)
 Antonio Bossi (NOMAD)
 Darshan Patel
 George Duxberry

 Alma Strategic Communications                +44 (0)20 3405 0205
 David Ison                                   variouseateries@almastrategic.com (mailto:variouseateries@almastrategic.com)
 Rebecca Sanders-Hewett
 Will Merison

 

About Various Eateries

 

Various Eateries owns, develops and operates restaurant, clubhouse and hotel
sites in the United Kingdom. The Group's stated mission is "great people
delivering unique experiences through continuous innovation".

 

The Group operates two core brands across 20 locations:

 

Coppa Club, a multi-use, all day concept that combines restaurant, terrace,
café, lounge, bar and work spaces.

 

Noci, a modern pasta-led concept which serves very high-quality dishes at
reasonable prices.

 

For more information visit www.variouseateries.co.uk
(http://www.variouseateries.co.uk/) .

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTXKLFFEBLLFBZ



            Copyright 2019 Regulatory News Service, all rights reserved