Leon to open a further 10 restaurants this year
In a trading update for the three months to 30 June 2021 EG Group, which bought Leon in April this year, said the 10 openings will include its first driv-thru, due to be located in west Yorkshire.
In the update EG, which operates petrol stations in the UK, says that strong progress has been made on the integration of Leon into the group, with “a pleasing performance” seen in the second quarter of 2021.
Total revenues for the group stood at $6.5bn in the second quarter, up 57.7% on the second quarter of 2020, with a strong performance seen in its foodservice operations. Gross profit within foodservice was up 231% year-on-year, at $153m, and +219% on a like-for-like basis.
Strong consumer demand for to-go and delivery service has boosted its foodservice arm, while group EBITDA for Q2 2021 increased by 23.7% to $380m.
“We continued to make good progress in the second quarter, with a particularly strong performance from our foodservice business,” says EG Group’s co-CEOs Zuber and Mohin Issa.
“We are also pleased to have completed the acquisition of Leon Restaurants and look forward to expanding its offering with c.10 new restaurant openings planned this year, including the brand’s first ever drive-thru.”
