Nando's Announces Plans to Open 14 New Restaurants in Britain
Monday, December 4, 2023
The next opening is scheduled for the New Year
Nando's will open more restaurants across Britain, chicken chain Peri-Peri has announced.
To top it off, first time customers will also receive a bonus chilli.
In its annual accounts Nando's said that cost inflation stayed 'high' in the current financial year.
The group said it had recovered from the impact of cost pressures but still expects the burden of the changes to be "substantial" throughout the rest of 2023 / 2023/24.
Rob Papps, group director of Nando's said: 'The macro-economic outlook for 2024 remains uncertain but we are continuing to invest for the future with further menu innovation, enhancements to our digital capabilities and new restaurant
openings planned in all our markets, including 14 in the UK.'
It came as Nando's Group Holdings made an operating profit of £17m for the year to 26 February, compared with an operating loss of £1.2m a year earlier.
But following special items the company has still been hit with a pre-tax loss of £86.2 million in the past year.