Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Birmingham Post
Birmingham Post
Business
Henry Saker-Clark, PA Deputy Business Editor

Mexican restaurant chain Tortilla sees sales jump despite train strikes and bad weather

Restaurant group Tortilla saw sales rise by a fifth over the past year as the Mexican-themed chain despite the impact of train strikes and poor weather.

The 85-strong chains said revenues rose 20% to £57.7m over the 12 months to January 1, compared with the same period the previous year.

Tortilla's growth was driven by the opening of 18 new venues, including in Durham, Canterbury and Coventry. And it also told investors it has a “strong pipeline” of new venues to open in coming months, including sites in Derby and Greenwich, London.

READ MORE: Pringles popularity boosts UK sales at Kellogg's despite cereals fall

Growth was also boosted by its takeover of rival Chilango in May last year. And the group hailed a 16% rise in like-for-like sales over the latest quarter compared with pre-pandemic levels.

Managers said this came “despite challenging trading conditions in December due to the combined impact of poor weather and multiple train strikes”.

The London-based company said it also controlled costs while seeing "strong trade” for most of the period and therefore expects profits for the year to be in line with previous targets.

Chief executive Richard Morris said: “During difficult economic times, restaurants that offer great, consistent food at competitive price points will be the winners, and we sit comfortably in this space.

“We continued to achieve excellent strategic progress during 2022, in line with our long-term growth strategy.

“Looking ahead, we remain as motivated and enthusiastic as ever about Tortilla’s significant organic growth opportunities in the UK, with the added excitement of growing our already successful franchise partnerships, both in the UK and abroad.”

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.