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April 26, 2022

Burger King plans to open 200 new restaurants in UK by 2026

The restaurant chain currently operates 500 restaurants in the country.

Fast-food restaurant chain Burger King plans to further expand its footprint in the UK by opening 200 new restaurants in the country over the next five years.

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What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
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  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.

The restaurant company noted that it has ‘good visibility’ for the ‘pipeline of future restaurant openings’ and aims to complete it by 2026.

Burger King UK CEO Alasdair Murdoch said: “Burger King UK delivered a strong performance in 2021, proactively managing Covid-19 headwinds through investment in digital sales, including home delivery, and continued restaurant expansion with a focus on Drive-Thru.

“Both delivery and Drive-Thru sales were strong throughout 2021 and will remain key areas of focus as we execute on our growth strategy. We have a strong development pipeline to further grow our UK footprint, and we are very well positioned to take advantage of the clear market opportunities ahead of us.

“I would like to thank all of our employees for their ongoing dedication and hard work, without which our ongoing growth would not be possible.”

The restaurant chain, which currently operates 500 restaurants in the UK, registered an increase in sales and profit recovery in 2021.

It reported a 68% surge in revenue last year, when operating profit stood at $45.4m (£33.4m) in comparison to a loss of $9.5m (£7.5m) in 2020.

The company is also said to have benefitted from the addition of 48 restaurants, which included the acquisition of 29 sites from franchisees.

Last December, Burger King reportedly signed an agreement to purchase 12 restaurants from franchisees in the UK.

Free Whitepaper
img

What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.

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