Sarah Willingham of Nightcap discusses their impressive growth and expanding pipeline
Episode 711, May 13, 2022, 11:28 AM
Sarah Willingham of Nightcap #NGHT discusses their impressive growth, where net sales for 40 weeks ended 3 April 2022 increased by 24.4% to £25.2m on a like for like basis compared to 2019, and also talks about their new site openings and additional pipeline.
Sarah Willingham of Nightcap #NGHT discusses their impressive growth, where net sales for 40 weeks ended 3 April 2022 increased by 24.4% to £25.2m on a like for like basis compared to 2019, and also talks about their new site openings and additional pipeline.
Summary
4 weeks ended 3 April 2022 ("Q3 FY2022")
Nightcap continued its growth trajectory during the third quarter of its 2022 financial year, which includes strong growth in the Barrio Familia group ("Barrio"), which was acquired on 21 November 2021.
Unaudited Group net sales were £9.6 million for Q3 FY2022, resulting in a 52.7% net sales increase compared to the same period in 2019 and a 27.7% like for like* increase compared to the same period in FY2019.
40 weeks ended 3 April 2022 ("YTD FY2022")
Unaudited Group net sales were £25.2 million for YTD FY2022, resulting in a 48.6% net sales increase on the same period in 2019 and a 24.4% like for like* increase compared to periods in FY2020 and FY2019.