Tortilla posts 20% rise in sales despite pressures
Mexican restaurant chain Tortilla saw its sales jump by a fifth over the past year despite the impact of train strikes and poor weather.
The 85-strong chain revealed revenues grew 20% to £57.7 million over the 12 months to January 1, compared with the same period last year.
It said it was boosted by the opening of 18 new restaurant sites, including in Durham, Canterbury and Coventry.
Tortilla’s growth plans were also buoyed by its takeover of smaller rival Chilango in May last year.
The hospitality firm told investors it has a “strong pipeline” of new venues to open next year, including sites in Derby and Greenwich, south-east London and its first Northern Ireland venue at Cornmarket in Belfast.
The Californian-style Mexican restaurant chain aims to create a venue doing 50 covers on the ground floor, creating around 20 jobs.
Belfast City Council signed off on the proposal by the London-based FTSE-listed firm to redevelop the Arthur Square restaurant last October.
Tortilla also hailed a 16% rise in like-for-like sales over the latest quarter compared with pre-pandemic levels.
Bosses said this came “despite challenging trading conditions in December due to the combined impact of poor weather and multiple train strikes”
Chief executive Richard Morris said: “We have a proven and highly popular customer proposition.
“During difficult economic times, restaurants that offer great, consistent food at competitive price points will be the winners, and we sit comfortably in this space.
“We continued to achieve excellent strategic progress during 2022, in line with our long-term growth strategy.
“Looking ahead, we remain as motivated and enthusiastic as ever about Tortilla’s significant organic growth opportunities in the UK, with the added excitement of growing our already successful franchise partnerships, both in the UK and abroad.”
