for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Upper Crust owner SSP expects 86% plunge in H2 sales on virus hit

Sept 23 (Reuters) - SSP, the owner of Upper Crust and Caffe Ritazza, said on Wednesday it expects overall sales in the second-half to be about 86% lower than last year, as the COVID-19 pandemic hit its food and drink outlets in airports and train stations.

The company expects the second-half revenue to be about 1.3 billion pounds ($1.65 billion) lower than last year and the operating loss to be in the middle of the 180 million pounds to 250 million pounds range.

Breakingviews

Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.


Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up