Tasty (TAST)

Sector:

Tourism and Leisure Services

Index:

FTSE AIM All-Share

1.00p
   
  • Change Today:
    -0.100p
  • 52 Week High: 3.25
  • 52 Week Low: 1.00
  • Currency: UK Pounds
  • Shares Issued: 146.32m
  • Volume: 0
  • Market Cap: £1.46m
  • RiskGrade: 536

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Tasty trading plummets in December after 'encouraging' year

By Josh White

Date: Tuesday 04 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Casual dining restaurant operator Tasty updated the market on its trading on Tuesday, reporting that for the second half of the year up to December it was "extremely encouraging".
The AIM-traded firm, which operates the Wildwood and Dim T brands, said that, along with the rest of the hospitality sector, December - usually its strongest-performing month - was disappointing, especially given the level of the preceding few months' trading.

It said the rising infection rates of the Omicron variant of Covid-19, and in particular the reinstatement of working from home advice by the UK government, "significantly reduced" the number of customers dining out, and deterred larger Christmas bookings.

As a result, trading for the peak December period was "considerably weaker" than expected.

The company confirmed that its restaurants had so far remained open, with isolated Covid-19 disruptions, and was currently trading from 50 restaurants out of a total estate of 54.

It said the four restaurants that remained closed due to predicted poor trading conditions in their locality and labour shortages should reopen later in the year, although it would still consider the sale of two or three of the locations.

"Despite employment shortages, supply chain issues, Covid-19-related restrictions and a weaker Christmas, the company has, nonetheless, adapted well and navigated its way through the difficulties faced," the board said in its statement.

"2022 will not be without its challenges as the company prepares for the end of Government support, in terms of reduced VAT and business rates.

"However, it is confident in its brands and optimistic about the trading potential of the group, especially with the strong revenue stream provided by takeaway and delivery services."

At 1352 GMT, shares in Tasty were up 5.37% at 5.4p.

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Tasty Market Data

Currency UK Pounds
Share Price 1.00p
Change Today -0.100p
% Change -9.09 %
52 Week High 3.25
52 Week Low 1.00
Volume 0
Shares Issued 146.32m
Market Cap £1.46m
RiskGrade 536

Tasty Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.04% above the market average15.04% above the market average15.04% above the market average15.04% above the market average15.04% above the market average
2.04% above the sector average2.04% above the sector average2.04% above the sector average2.04% above the sector average2.04% above the sector average
Price Trend
91.03% below the market average91.03% below the market average91.03% below the market average91.03% below the market average91.03% below the market average
96.55% below the sector average96.55% below the sector average96.55% below the sector average96.55% below the sector average96.55% below the sector average
Income Not Available
Growth
4.28% above the market average4.28% above the market average4.28% above the market average4.28% above the market average4.28% above the market average
9.43% below the sector average9.43% below the sector average9.43% below the sector average9.43% below the sector average9.43% below the sector average

Tasty Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Tasty Key Personnel

CEO Daniel Jonathan Plant

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