Food-to-go revs up Euro Garages profits
Euro Garages has posted a rise in full-year sales and profits, but a dip in fuel volumes.
The Top 50 indie said EBITDA rose 8% to £13m in the 12 months to 31 July, on sales up 2.9% to £314m. Without citing figures, it admitted fuel volumes were “marginally behind last year”, although ahead of the overall market, which was down about 10%.
Non-fuel sales were strong, with sales up 2.5% at its Spar c-stores and up 10% at its Starbucks, Subway and Burger King franchises.
“Retail and fast food continue to represent a significant growth opportunity for our business and have been a driving force,” said Euro Garages’ managing director Moshin Issa.