Profits slump at sandwich and coffee chain Eat

Click to follow
The Independent Online

The sandwich and coffee chain Eat saw its profits more than halve last year. The company reported a pre-tax profit of £1.1m during the year ending 28 June, compared with £2.7m the year before. Turnover rose almost 9 per cent to £94.9m after the company opened eight new stores during the period.

The chain is backed by the private equity firm Lyceum Capital.