Megan’s report 8.7% cover growth in Christmas trading
The group also announced the opening of its 19th location.
All-day dining restaurant brand Megan’s has announced that it achieved a record monthly restaurant earnings before interest, taxes, depreciation, and amortization (EBITDA) of over £800k in December 2023 and a remarkable 8.7% in cover growth compared with last year, driving 19.3% like-for-like sales growth overall.
According to Megan’s Finance Director Gill Clements the combination of their streamlined operations and the allure of their festive offerings were instrumental in achieving this growth.
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“Our results are indicative of our appeal across a broad range of demographics, the efforts of our fantastic front and back of house teams and our ability to offer our guests something for every occasion. We remain on track to deliver revenues and company EBITDA of circa £30m and £5m respectively for the year to March 2024,” Clements said.
At the same time, the group also announced the opening of its 19th site, the first of four sites secured in 2024.
Megan’s is an all-day dining, dog-friendly Mediterranean-inspired neighbourhood restaurant in the UK.