Revolution Bars braced for ‘sector headwind costs’ hit
Revolution Bars Group, the Manchester-based operator of the Revolution and Revolución de Cuba brands, is bracing itself for higher than expected “sector cost headwinds”.
Shares in the Ashton-under-Lyne headquartered group tumbled 30% following the warning.
In its trading update the group says its underlying sales performance remained positive in the second half of the year, which ends on July 1, with like for like sales growing by 1.7% so far.
But its statement went on: “The company is experiencing the well-publicised ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
