Overview
- Total system sales rose 2.1% to £382.7 million in the three months to 29 September, with like-for-like sales up 1%.
- Order volumes fell 1.5% year on year to 17.1 million, which the company linked to roughly 5% higher prices versus last year.
- Executives described the quarter as a solid performance and said the group remains on track to meet full-year profit expectations.
- Trials of the Chick’N’Dip concept reached 187 locations earlier this year, with management reporting encouraging initial results.
- Shares were about 2.4% lower on Tuesday morning as investors weighed the price-led growth and outlook for continued consumer pressure.