Hostmore, TGI Fridays operator, reduces 2023 losses to £25.5m through cost-cutting and deferred restaurant openings, with revenues at £190.7m.
Hostmore, operator of TGI Fridays, narrows losses to £25.5m in 2023 after cost-cutting and deferring planned restaurant openings. The company reported a drop in revenues to £190.7m, with pre-tax losses reduced from £108.3m in 2022. The turnaround strategy included substantial cost-cutting, saving around £15m in capital expenditure by deferring restaurant openings until the end of the current year.
May 03, 2024
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