Revolution Bars grows holiday sales for fifth consecutive year

Premium bar operator Revolution Bars saw total revenue jump 10.6% in the six months leading to 30 December, as four newly opened venues gave the group an extra boost during the all-important Christmas and New Year trading period.

Total revenue for the half grew to £73.7m from the £66.6m posted a year earlier.

Like-for-like sales moved ahead 5.9% during the period between 4 December and 31 December, for a fifth year in a row of improved holiday trading, despite "inclement weather" throughout the month.

Revolution began trading at three new Revolutions locations in December, plus the Belfast Revolucion de Cuba opened back in July, bringing the number of venues to a total of 72 across the UK.

The group expected to be trading results to be in line with expectations.

Discussing the results, executive chairman Keith Edelman, said, "I am delighted with our sales performance in the second quarter and over Christmas. This is the fifth year that the Group has recorded record results over the key trading period and again demonstrates the appeal of our brands. This excellent result underlines that the Group is delivering on its strategy of expanding the two brands whilst continuing to drive like for like growth in the core estate."

As of 1700 GMT, shares had lost 0.60% to 167.00p.