Proactive Investors - Run By Investors For Investors

Digital promotions group Eagle Eye inks three-year deal with Burger King

Burger King will use Eagle Eye’s AIR platform, which allows companies to create and manage loyalty programmes and digital promotions
burger king food
74 Burger King restaurants will use Eagle Eye’s AIR platform

Loyalty scheme and digital promotions company Eagle Eye Solutions Group PLC (LON:EYE) has signed a three-year contract with Burger King in the UK.

The popular fast-food chain will use Eagle Eye’s AIR platform, which allows companies to create and manage loyalty programmes and digital promotions.

READ: Eagle Eye launches digital wallet

Those firms can then use the data collected to better understand their customers and create ultra-targeted campaigns, which Eagle Eye reckons ultimately improves customer retention and sales.

This is Eagle Eye’s first foray into the quick-service restaurant space, having announced plans to move into new sectors earlier this year.

The AIM-listed company said the agreement with Burger King demonstrated the attraction of its technology outside of its traditional grocery and food & beverage sectors.

 Eagle Eye, which is led by former Tesco bigwig Tim Mason, announced the contract win in a trading update ahead of its annual general meeting.

Losses “materially reduced”

Chairman Malcolm Wall will tell shareholders that the company enjoyed a “breakout” 12 months last year and that the momentum has carried through into the first quarter of the new fiscal year.

 In the three months to September 30, revenue grew 26% year-on-year, driven by the continued expansion of a deal with Loblaw – one of Canada’s largest retailers. AIR revenue climbed 36%.

The top-line growth means the adjusted loss for the quarter was “materially reduced”, leaving the company “on track” for its move to profitability.

“The year ended 30 June 2018 was a breakout year for Eagle Eye in which a key highlight was the successful launch of the PC Optimum digital loyalty programme for Canada's leading retail group, Loblaw,” Wall will say.

“With over 150mln offer permutations being delivered each week to the millions of Loblaw customers, we have conclusively proven the scale and capabilities of our AIR platform.”

Shares rose 5.7% to 131p in early deals on Friday.

View full EYE profile View Profile

Eagle Eye Solutions Timeline

Related Articles

Big Data
May 20 2019
The company provides data management and analytics services through RAPid, a platform that automatically extracts, aggregates, improves and organises data and documents
Mobile payments
July 03 2019
The firm works with tech giants such as Google, Amazon, and Microsoft to help them process payments from their mobile customers across their app stores
Internet address bar
July 12 2019
In a February trading update, the firm said it had delivered a “strong” performance in 2018 with revenues for the year expected to be around £42.5mln compared to £24.3mln the year before

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use