Sales rise at Revolution operator as it plans new openings

Revolution Mark McQuater

Sales at Revolution Bars Group are on the increase as it prepares to unveil plans for new bar openings before the end of this year.

In a trading update today, it reported that total sales for the year to June 30 were up by 2.9% to £111.8million while like-for-like sales at sites operating for over 12 months were up 3%.

The announcement was made in advance of its full-year results on September 29 – its first since floating on the London Stock Exchange this year. The group operates bars across the UK under the Revolution and Revolución de Cuba brands which are both set for further roll-out.

Chief executive Mark McQuater (pictured) said: “We are delighted to have joined the Premium Segment of the London Stock Exchange. Since we published our IPO prospectus earlier this year, I am pleased to confirm that our trading performance has continued to be strong and in line with our expectations. Like-for-like sales remain positive in both our drinks and food business and across both brands.

“We continue to make significant progress in developing our new site pipeline and we look forward to some exciting new bar openings before Christmas, details of which we will confirm in September.

“We will also be updating the market both on existing bar estate performance and our development plans at that time.”

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