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Five Guys UK net profit slumps to £1m in 2024
Gross profit stood at £162.3m.
Five Guys JV Limited’s profit after tax fell sharply to £1m in 2024, down from £6m the previous year.
Revenue edged up 1% to £320.8m due to an increase in the number of outlets.
Gross profit stood at £162.3m.
Operating profit dropped to £29.1m, whilst EBITDA+PO declined to £41.2m, which the company attributed to weaker consumer confidence and inflationary pressures.
The company continued its UK expansion, opening nine new sites and closing one during the year.
It ended 2024 with 171 stores, up from 163 a year earlier, and plans to open about 10 more in 2025.
