Betty’s Burgers achieves strong growth

Retail Zoo, which owns Betty’s Burgers and also owns the Boost Juice chain, has put any plans for an IPO on hold.
Allis, who founded Boost in 2000, is also the CEO of Salsa’s Fresh Mex.
Consolidated profit after tax at the company more than doubled to $14.1 million in the 12 month to June 2021, compared to $3.1 million a year earlier.
Retail Zoo’s revenues grew slightly to $141.3 million in 2021.
Betty’s Burgers, which is currently Retail Zoo’s second growth engine, posted sales of more than $83 million for the year ended 2021. It also saw a robust growth in its earnings before interest, tax, and depreciation.
In 2014, Bain Capital purchased a majority stake in Retail Zoo from its former owners. The firm tried to sell or float the company in 2019.
Betty’s Burgers has a strong track record of opening new restaurants year after year. During COVID-19 it has opened six locations.
There are plans to open more Betty’s Burgers in Australia before Christmas.
Retail Zoo sees potential for over 150 Betty’s Burgers restaurants in Australia.
Betty’s Burgers are looking at new formats and drive-throughs, so there could be a lot of new restaurants opening in the future.
Internationally, I think that Betty’s Burgers will be opening in about 12 months.
In addition, credit was also used to open up a lot of good real estate, particularly in areas where banks weren’t likely to exist.
Data Analytics helps Retail Zoo improve its profitability and margins. It also helps it maintain sales and grow its store-opening strategy.
At the end of June, the company had cash of $25.1 million, up from $22.4 million in the same period a year earlier.
The company’s Fresh Mexican division saw sales decline to $3.8 million in 2021, from $8.4 million the previous year. It also shut down unprofitable stores.
Boost Australia’s sales dipped slightly to $48.1 million in 2021, but the company is still the cash cow of the four juice brands.
Other food companies performing strongly during this period includes HelloFresh food delivery service. During Lockdown they have been booming and you can try their service for a discount with a HelloFresh discount code.