Tortilla Mexican Grill PLC (AIM:MEX) shares were on the move this morning after the burrito chain increased its full-year revenue guidance in a trading update.
UK-based revenues are expected to exceed previous guidance and are now expected to be between £64 million and £64.3 million.
“We are delighted to report that we have gained further momentum in the UK, with a strong Q4 sales performance,” said chief executive Andy Naylor, adding that it has been “an incredibly busy eight months”.
Touching on Tortilla’s European operations, Naylor said: “We completed the acquisition of our largest European competitor, Fresh Burritos, in July 2024.
“Since acquisition, we have successfully built the central team to run this business and have nearly completed our building works in our central kitchen in Lille to get this facility operational from January 2025.”
Shares added 3% to 53p.