Tasty plc ( (GB:TAST) ) just unveiled an announcement.
Tasty plc reported a 21.9% decrease in revenue for 2024 due to the closure of 16 restaurants as part of a Restructuring Plan aimed at ensuring long-term stability. Despite these closures and a challenging economic environment, the company improved its financial position with a profit after tax of £16.0m, aided by a significant gain from lease modifications and a settlement from an insurance claim. The company is now on a stable footing, with plans for future growth and profitability once the restructuring disruptions subside.
More about Tasty plc
Tasty plc operates in the casual dining sector, primarily managing the Wildwood and dim t restaurant brands. Wildwood focuses on ‘Pizza, Pasta, Grill’ offerings and is located in high streets, leisure, retail, and tourist areas outside London, while dim t serves pan-Asian cuisine from four sites.
Average Trading Volume: 214,406
Technical Sentiment Signal: Sell
Current Market Cap: £1.3M
For an in-depth examination of TAST stock, go to TipRanks’ Stock Analysis page.