Peri-peri chicken franchise restaurant chain reported a 13.9% hike in revenue to £847.9m despite “the effect of Brexit on UK operated business”.
Nando’s gross profit rose 3% from £189m to £194.7m for the 52 weeks leading to 26 February 2017 and the group’s total assets skyrocketed 16.3% to £441.9m. The UK’s most loved peri-peri chicken franchise opened 47 new restaurants during this period, bringing the total number up to 908 owned eateries and 241 franchised restaurants. Each one of Nando’s restaurants, new and old, have undergone a brand-wide makeover with refurbishments presenting a refreshingly contemporary South African design. Nando’s future is brighter than ever with steady worldwide expansion in key sites in the UK, Ireland, USA, India, Australia, New Zealand, Malaysia and Singapore with an increase of sales across the board. As a strategy to increase shareholding to 99%, Nando’s has reacquired 31 franchise restaurants outside of the UK – 21 in Australia, 5 in New Zealand and 5 in India.
Since Nando’s first opened its doors in 1987, it has created a legacy celebrating the spices, flavours and colours of South Africa, proudly sharing it with the rest of the world. The famously delicious Peri-Peri chicken franchise restaurant has recently unleashed its Mzansi burger and Crimbo, both combining the delicate seasonal flavours of Britannia with Peri-Peri fire of the South African sun.
Debra-Derieux Matos, Point Franchise ©
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