Tortilla’s results were in line with our forecasts and December trading statement. UK is trading well but the France brand conversion plans are delayed compared to the initial plan. In December MEX announced a 'strategic pause' to the store conversion as they launched a brand refresh project, however, the lengthy French planning approvals process has caused another couple of months of delay to the anticipated sales uplift compared with previous guidance. The opportunity remains unchanged but the ....

23 May 2025
Tortilla Mexican Grill - FY24 prelims: Qui sait?

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Tortilla Mexican Grill - FY24 prelims: Qui sait?
Tortilla Mexican Grill Ltd. (MEX:LON) | 39.5 0 0.0% | Mkt Cap: 15.3m
- Published:
23 May 2025 -
Author:
Nigel Parson | Milo Bussell -
Pages:
4 -
Tortilla’s results were in line with our forecasts and December trading statement. UK is trading well but the France brand conversion plans are delayed compared to the initial plan. In December MEX announced a 'strategic pause' to the store conversion as they launched a brand refresh project, however, the lengthy French planning approvals process has caused another couple of months of delay to the anticipated sales uplift compared with previous guidance. The opportunity remains unchanged but the ....