Tortilla Mexican Grill (MEX)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM All-Share

 50.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 66.00
  • 52 Week Low: 38.00
  • Currency: UK Pounds
  • Shares Issued: 38.66m
  • Volume: 0
  • Market Cap: £19.53m

Tortilla Mexican Grill warns on FY profits

By Iain Gilbert

Date: Wednesday 24 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Shares in fast-food restaurant chain Tortilla Mexican Grill slumped on Wednesday after the group warned that steps taken to boost profitability were taking longer than expected to bear fruit.
Tortilla said interim revenues had dropped 5.9% in the six months ended 30 June to £31.5m, something it said was principally due to the group's "strategic decision" to shift to a dual-delivery platform.

Despite the revenue drop, underlying earnings were in line with FY23 at £1.8m. The AIM-listed group also said full-year underlying profits were now seen lower than previous guidance at £5.0m.

Tortilla stated the switch in delivery platforms was enacted to improve profit conversion and increase focus on in-store revenues

As of 1415 BST, Tortilla shares were down 24.80% at 47.0p.









Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MEX Market Data

Currency UK Pounds
Share Price 50.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 66.00
52 Week Low 38.00
Volume 0
Shares Issued 38.66m
Market Cap £19.53m

MEX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.22% below the market average27.22% below the market average27.22% below the market average27.22% below the market average27.22% below the market average
36% below the sector average36% below the sector average36% below the sector average36% below the sector average36% below the sector average
Price Trend
43.52% below the market average43.52% below the market average43.52% below the market average43.52% below the market average43.52% below the market average
58.49% below the sector average58.49% below the sector average58.49% below the sector average58.49% below the sector average58.49% below the sector average
Income Not Available
Growth
26.08% above the market average26.08% above the market average26.08% above the market average26.08% above the market average26.08% above the market average
26.53% below the sector average26.53% below the sector average26.53% below the sector average26.53% below the sector average26.53% below the sector average

MEX Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

MEX Key Personnel

CEO Andy Naylor
CFO Maria Denny

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