Tortilla Mexic Share News (MEX)

Tortilla reorients strategic focus to accelerate growth in 2024

(Alliance News) - Tortilla Mexican Grill PLC on Wednesday reported sales growth amid a "turbulent economic backdrop".

UK earnings, trading statements calendar - next 7 days

EXECUTIVE CHANGES: Ethernity chair stays on, Picton director to quit

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Friday and not separately reported by Alliance News:

TRADING UPDATES: Mycelx starts strongly; Great Southern in Chile deals

(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

IN BRIEF: Tortilla CEO Morris leaves; CFO Naylor promoted to role

Tortilla Mexican Grill PLC - London-based Mexican chain restaurant - Says Chief Executive Officer Richard Morris will step down after 10 years with the company at the end of March. Promotes Chief Financial Officer Andy Naylor as CEO and appoints Signify's former UK & Ireland CFO Maria Denny Naylor's successor. Chair Emma Woods says: "On behalf of everyone here at Tortilla I would like to thank Richard for his significant contribution to the business over the last 10 years. Under Richard's leadership Tortilla has expanded from 14 to 89 restaurants, including franchises in the Middle East and UK travel locations, establishing itself as the nation's largest fast casual Mexican brand with a strong and expanding portfolio of exciting growth opportunities both in the UK and overseas.

TRADING UPDATES: Biome wins contract; Orosur Mining raises GBP500,000

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Tortilla Mexican shares fall as lowers annual revenue growth guidance

(Alliance News) - Tortilla Mexican Grill PLC on Wednesday lowered its expectation of revenue growth this past year.

Tortilla Mexican Grill warns on FY earnings

(Sharecast News) - Restaurant group Tortilla Mexican Grill warned that its full-year performance would be "slightly behind" previous expectations as a result of "subdued consumer confidence".

Tortilla Mexican Grill swings to loss as admin costs outpace revenue

(Alliance News) - Tortilla Mexican Grill PLC reported a loss in the first half of its financial year as administrative expenses increased faster than revenue.

Tortilla Mexican Grill swings to loss before tax

(Sharecast News) - Tortilla Mexican Grill, the UK's largest Mexican dining chain, reported a 22% improvement in first-half revenue in its interim results on Tuesday, to £32.7m.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Tortilla Mexican Grill adds former Wetherspoon exec to board

Tortilla Mexican Grill PLC - London-based fast-casual restaurant chain - Hires Keith Down to be senior independent director from Thursday. Down was finance director at pub chain JD Wetherspoon PLC, group finance director at transport operator Go-Ahead Group PLC, and chief financial officer of homewares retailer Dunelm Group PLC. Most recently, he was finance director of department store chain Selfridges Group. Down currently is senior independent director of retailer Topps Tiles PLC.

IN BRIEF: Tortilla Mexican Grill like-for-like revenue growth slows

Tortilla Mexican Grill PLC - London-based fast-casual restaurant chain - Confident 2023 results will be in line with market expectations of adjusted earnings before interest, tax, depreciation and amortisation of GBP5.0 million on revenue of GBP69.8 million. This is up from GBP4.0 million in adjusted Ebitda on GBP57.7 million in revenue in 2022. Revenue in the six months that ended July 2 was GBP32.7 million, up 22% from GBP26.9 million a year before, Tortilla says. Like-for-like revenue increased by 8.4% when adjusting for a value-added-tax benefit a year before, outpacing the wider market. However, this implies slower growth as the half-year progressed. Like-for-like sales growth on the same basis had been 11% in the eight weeks to February 26. Net debt on July 2 is GBP1.6 million, as expected.

Tortilla trades in line as it expands store count

(Sharecast News) - Fast-casual Mexican restaurant operator Tortilla Mexican Grill reported a 22% increase in group revenue in a trading update on Monday, reaching £32.7m.

UK shareholder meetings calendar - next 7 days