Further to Tasty’s statement on 2 January 2025, which highlighted that trading conditions remained challenging in H2, it today reports that FY24E revenue is expected to be c.£36.6m (below our £38.9m forecast), whilst adj. EBITDA is expected to be £3.8m (vs £4.3m forecast). The hospitality industry faces considerable headwinds, including falling consumer confidence, reduced discretionary spend, inflationary food pricing and rising labour costs. These pressures have been compounded by the planned ....
