Quick Service Restaurant (QSR) & Pub Sector

Supermac’s sees 25% drop in revenue amid ‘hammering’ in city centres

The Irish Times – 23.11.2021

The Supermac’s group saw a 25 per cent drop in its revenue last year with its city-centre outlets most impacted by the Covid-19 pandemic. According to its latest accounts, Supermac’s (Holdings) Ltd saw its pretax profit decline by 6.7 per cent from €24.58 million to €22.93 million in 2020. The decline in profit followed revenue decreasing by a quarter from €189.4 million to €141.5 million. Commenting on the figures, Supermac’s Chief Executive, Pat McDonagh, said the drop in revenue “was not a bad result for the conditions that prevailed in 2020 with the pandemic”. He said drive-through and home delivery had done “exceptionally well” during parts of last year. The Supermac’s group is made up of 110 Supermac’s outlets and six hotels.

Belfast-based Mexican chain Boojum plans launch in England next year

Propel – 26.11.2021

Belfast-based burrito chain Boojum, which currently operates 17 sites across Ireland, is planning to launch in England next year, Propel has learned. The David Maxwell-led business is believed to be currently exploring eight key markets in which it hopes to expand into, with a focus on the north of England. Leeds is thought to be top of its target list. The group’s more recent trading has been underpinned by the strength of its digital channels, including its own click and collect model. The brand’s top performing sites have generated sales in excess of £60,000 a week, over a “significant period of time”.