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Pin to quick picksTasty Share News (TAST)

Share Price Information for Tasty (TAST)

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Share Price: 1.75
Bid: 1.50
Ask: 2.00
Change: 0.00 (0.00%)
Spread: 0.50 (33.333%)
Open: 1.75
High: 1.75
Low: 1.75
Prev. Close: 1.75
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Tasty swings to operating loss amid 'challenging' conditions

Wed, 20th Mar 2019 11:40

(Sharecast News) - Tasty saw its shares slump on Wednesday as the owner of the Wildwood and Dim T restaurant chains said it swung to a loss in the year to 30 December amid challenging conditions.The company made an operating loss of £0.37m versus a profit of £1.24m the year before as revenue fell 6% to £47.28m, partly due to the closure of some sites and partly due to a like-for-like drop. Meanwhile, adjusted earnings before interest, tax, depreciation and amortisation declined to £1.58m from £3.5m in 2017.Tasty said market conditions remained "extremely challenging", while unfavourable weather and the World Cup also impacted its 2018 performance."The exceptionally cold and snowy winter supressed sales. During the World Cup and an unusually hot summer, customers favoured wet-led establishments and outside seating. Trading over the Christmas period was positive, though the uncertainty of Brexit has meant that 2019 has started slowly," said chairman Keith Lassman.He added that the challenging conditions continue to affect the casual dining sector as evidenced by the well-publicised closures across the market and on the high street.The company said there are a number of sites it is still planning to dispose of and at present the board has no plans to open any new sites this year, with management focused on restructuring and improving profitability from the existing portfolio. Tasty said Brexit continues to create a high level of uncertainty across the economy."Continued deterioration in consumer confidence due to future economic conditions could have a detrimental impact on the group in terms of footfall and sales. To mitigate this risk we continue to invest and renew our offer whilst maintaining accessibility without compromising quality or the customer experience."At 1135 GMT, the shares were down 23% to 6.55p.
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8 Sep 2015 07:59

Tasty Posts Profit Growth On Strong Sales As It Adds Restaurants

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4 Sep 2014 11:22

Tasty hunts for more sites and deals as revenue grows

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4 Sep 2014 07:26

Tasty Looks Out For New Sites As Profit Rises In First Half

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31 Mar 2014 11:11

Tasty Serves Up Annual Profit And Revenue Rises

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17 Oct 2013 16:32

Carpetright Chairman trades in 416,500 shares

Lord Harris of Peckham, the Executive Chairman of Carpetright, this week reduced his stake in the flooring specialist with the sale of 416,500 shares. The sale was made through his company Harris Ventures, which is also connected with Martin Harris, Carpetright's Group Development Director. Harr

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11 Oct 2013 09:08

DIRECTOR DEALINGS: Tasty Directors Exercise Options, Sell Shares

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Tasty Raises GBP2.5 Million In Placing To Fund Further Expansion

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24 Sep 2013 11:14

Tasty growth continues at a profit with four new restaurants opened

Restaurant group Tasty doubled profits and opened three new sites during the first half of the year, with another added in July. Tasty, which was founded by brothers Sam and Adam Kaye after they sold their previous business ASK Central, increased operating profits 39% to £1.05m in the 26 weeks to

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Tasty Doubles 1st Half Profits; Helped By Lower Costs, Higher Sales

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Small caps round-up: Tasty, Sceptre Leisure, Adventis...

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