Comptoir (GB:COM) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Comptoir Group Plc, the owner and operator of a diverse restaurant portfolio, has reported a slight increase in group revenue to £31.5m in FY 2023, a growth of 1.4%. Despite this, the company faced a loss after tax of £1.6m, attributing the financial strain to significant inflationary pressures and a challenging economic environment. The company also continued its expansion with new restaurant openings and franchise developments, now operating 28 stores. The future outlook remains cautiously optimistic with a focus on executing their strategic plan and capitalizing on any rebound in demand.
For further insights into GB:COM stock, check out TipRanks’ Stock Analysis page.
