A FAMILY favourite restaurant chain’s future hangs in the balance as it battles with ongoing debt. Heart with Smart Group, which operates all of Pizza Hut’s 150 locations in the UK, is …
At the time, the business ran over 200 locations and employed around 5,000 staff.
Following the publishing of the accounts, Jens Hofma, chief executive of Heart with Smart Group, said: "Our turnover rose 25% in 2022 and we remain optimistic given the demand for restaurant experience remains strong, energy prices are easing and productivity initiatives and investments are gaining momentum.
He added: "Our operating result of minus £3million for 2022 is marginal when you consider the impact of Omicron in the early part of the year, followed by utility bill rises and other cost pressures – many operators are facing similar or worse issues with profitability during this period. "Our current trading results demonstrate we are in strong recovery with fantastic momentum this summer, achieving double-digit sales growth."High inflation means consumers are spending less too.
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