London · Delayed Price · Currency is GBP · Price in GBX Tortilla Mexican Grill Earnings Call Transcripts
Fiscal Year 2026
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Record system sales and strong LFL growth were achieved, driven by delivery expansion, tech upgrades, and a robust franchise model. France saw improved margins after restructuring, while the U.K. maintained profitability despite store closures. Focus remains on margin enhancement, deleveraging, and franchise-led growth.
Fiscal Year 2025
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Record U.K. profitability and strong like-for-like sales growth contrast with sector challenges, while European expansion accelerates with a new central kitchen and franchise model. Investment in France weighs on group EBITDA, but U.K. cash generation remains robust.
Fiscal Year 2024
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Operational transformation and strategic investments led to improved U.K. profitability, strong like-for-like sales growth, and successful international expansion, despite short-term losses from the French acquisition. Cash flow was reinvested in technology and growth, with stable input costs and a positive outlook for 2024.