Blackpool and Preston Revolution bars to close two days a week as energy costs soar
Revolutiuon bars in Blackpool and Preston will close two days a week to combat rising costs of energy.Shares in the company tumbled by as much as a quarter on Tuesday as the hospitality firm also recorded a hit to trade from industrial action. Revolution Bars Group, which also owns the Revolucion de Cuba and Peach Pub brands, said earnings for the year is “likely to be lower than previously guided”.
The group said it saw like-for-like sales rise by 17.3% over the five weeks to December 31, compared with the same period in 2021, as it benefited from “strong” office Christmas party demand. However, Revolution highlighted that the Christmas trading period saw sales 9% down against pre-pandemic levels from 2019.
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