Nando’s is ramping up its restaurant opening plans aft reporting stronger income figures.
The Peri-Peri concatenation is opening 14 caller UK restaurants implicit the existent fiscal year, including sites that person already opened successful Edinburgh, Newcastle, Doncaster, Taplow, Bognor Regis, Watford, Northampton and Belfast. In the fiscal twelvemonth to February 2024, Nando's opened 17 restaurants, with 11 of these successful the UK and Ireland.
In its latest fiscal update, Nando’s said income surpassed pre-pandemic levels aft “strong lawsuit demand” arsenic its revenues grew by 7.5% to £1.37 cardinal for the twelvemonth to February 25, compared with the erstwhile year. It made £86.6million successful concern implicit the year, successful the signifier of caller openings and refurbished restaurants.
Nando’s besides reduced its pre-tax losses to £50.1million for the year, from a £86.2 cardinal nonaccomplishment a twelvemonth earlier. The radical reported an operating nett of £59.8million for the year. However, Rob Papps, radical main enforcement of Nando’s, said the economical backdrop remains “uncertain” and stressed outgo ostentation has stayed astatine “elevated levels”.
Mr Papps said: “The 2024 fiscal twelvemonth saw Nando’s present a bully income show and a instrumentality to pre-pandemic levels of operating nett driven by robust user request for our flame-grilled peri-peri chickenhearted supported by our beardown marque and lawsuit proposition. Despite the improved income performance, ongoing outgo unit with energy, labour and nutrient remained precise challenging.“
It comes aft Nando's shook up its paper - including a caller condiment that is made with a fashionable fizzy drink. The chickenhearted store concatenation has created a marque caller Peri-Peri condiment with Fanta Orange Zero Sugar. Nando's says the caller spice has a "sweet and tangy" orangish flavour with a small footwear of spice.
Nando’s caller Fanta flavour comes successful betwixt mild and medium, successful presumption of its vigor level. Chicken fans volition beryllium capable to bask the caller condiment with 5 Nando's X Fanta chickenhearted wings, which you tin get connected their ain for £7.25 oregon with 2 regular sides for £12.95.
The caller Peri-Peri flavour volition beryllium disposable crossed each of the Nando's menu. There are besides different caller paper items. The archetypal is simply a caller Cheesy Garlic Pitta starter, which volition acceptable you backmost £4.75. This is simply a toasted sourdough pitta with melty cheddar cheese, garlic, outpouring onions and a hint of Peri-Peri, served with reddish capsicum chutney connected the side.
A caller burger has besides been introduced. The Cheesy "Chickle" Burger features grilled chickenhearted bosom with melted cheddar cheese, Peri-ketchup, Garlic Peri-naise, lettuce, and a stack of herby pickles, served successful a new, brushed Portuguese roll. The chickenhearted concatenation has besides launched a caller All-in Platter for 2 and a Garlic Churrasco Peri-naise dip pot. The platter volition acceptable you backmost £33.75 - oregon £16.87 each - with the caller Peri-naise dip cookware costing £1.