Tortilla Mexican Grill (MEX)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM All-Share

46.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 120.00
  • 52 Week Low: 38.00
  • Currency: UK Pounds
  • Shares Issued: 38.66m
  • Volume: 67,422
  • Market Cap: £17.79m

Tortilla Mexican FY revenues grow despite 'ongoing macroeconomic challenges'

By Iain Gilbert

Date: Monday 09 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Restaurant group Tortilla Mexican Grill said on Monday that its trading performance had remained "highly resilient" throughout 2022 despite "ongoing macroeconomic challenges".
Tortilla stated group revenues rose 20% year-on-year to £57.7m, driven by the "ongoing strength" of its customer proposition and demand for its sector-leading brands, as well as the continued expansion of its site portfolio. Like-for-like revenue was up 16.4%.

Delivery demand was also said to have remained "stable" as the group expanded and diversified delivery partners to now include Uber Eats, Just Eat, and Deliveroo.

Tortilla added that LFL sales growth in Q4 was "strong" despite uncertainties impacting the market and wider sector in the short term. It also highlighted that it remains "confident" in the outlook for 2023 and beyond, and the group's ability to continue to implement its "proven growth strategy".

Chief executive Richard Morris said: "We have a proven and highly popular customer proposition. 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.

"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.

As of 1025 GMT, Tortilla shares were untraded at 87.0p.







Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


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 46.00p
Change Today -4.00p
% Change -8.00 %
52 Week High 120.00
52 Week Low 38.00
Volume 67,422
Shares Issued 38.66m
Market Cap £17.79m

MEX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
26.26% below the market average26.26% below the market average26.26% below the market average26.26% below the market average26.26% below the market average
29.17% below the sector average29.17% below the sector average29.17% below the sector average29.17% below the sector average29.17% below the sector average
Price Trend
78.06% below the market average78.06% below the market average78.06% below the market average78.06% below the market average78.06% below the market average
82.14% below the sector average82.14% below the sector average82.14% below the sector average82.14% below the sector average82.14% below the sector average
Income Not Available
Growth
20.99% above the market average20.99% above the market average20.99% above the market average20.99% above the market average20.99% above the market average
11.54% below the sector average11.54% below the sector average11.54% below the sector average11.54% below the sector average11.54% below the sector average

MEX Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 3,174 @ 46.00p
16:35 3,075 @ 46.00p
16:35 99 @ 46.00p
15:13 3 @ 47.00p
15:13 3 @ 47.00p

MEX Key Personnel

CEO Richard Morris
CFO Andy Naylor
CFO Maria Denny

Top of Page