Home Business NewsBusinessBusiness Growth News GBK sales rapidly recover in first quarter

GBK sales rapidly recover in first quarter

by LLB Reporter
29th May 19 12:46 pm

Restaurant chain Gourmet Burger Kitchen (GBK) has had a rapid sales recovery during the early part of this year due to a restructuring programme.

The South African owner of the burger chain said on Wednesday their like-for-like sales over the last 12 weeks rose by 8.1%.

In the 52 weeks to 24 February followed a dip of 4.2%, marking a good improvement over the 6.8% decline the previous year.

Losses before non-operational items widened to £4.6m, and first half sales were down by 9.7% partly offset by a 1.4% rise during the latter part of the year as the group closed 17 restaurants in a company voluntary arrangement (CVA).

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