Tortilla beats strikes and inflation as expansion drives 22 per cent revenue spike

City AM

Tortilla beats strikes and inflation as expansion drives 22 per cent revenue spike

Tortilla Mexican Grill revenues surged 22 per cent year-on-year to £32.7m as the fast-casual group continued to expand its sites across the UK. The popular Mexican chain reported a slight dip in pre-tax earnings amid headwinds from inflation and rail strike action. However this was in line with market expectations and factored in the removal of £1.1m in government support received over its full year results in 2022. Net debt sat at £1.6m for th…