Shares in SSP Group plc (LSE:SSPG) flew 2.5% higher to 200p as the Upper Crust owner reported a slight acceleration in sales growth for the first quarter of its financial year.
The operator of food and beverage outlets at airports and railway stations posted an update showing like-for-like sales were up 5%, with group sales up 6% year-on-year at constant currency, which it said was in line with expectations.
LFL sales strengthened from 4% over the first eight weeks of the year.
Sales were strongest in the APAC and EEME region, rising 17%, supported by improved air capacity in India and continued growth in Australia.
UK & Ireland sales rose 8%, with strength in the Air channel and M&S-branded outlets.
In North America, sales increased by 4%, primarily due to net gains as the group expanded its presence across its 57 airport locations.
Continental Europe grew 1%, held back by weak consumer sentiment and lower spend levels, particularly in rail, which is under review.
Chief executive Patrick Coveney called it a "good start to the financial year" and said the group is "on track" against his 'Focus 26' operational plan, with a range of actions underway to deliver improvements in profitability, cash and returns on capital.
"Given this momentum, we remain confident in our prospects for the balance of FY26 and beyond."