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Supermacs posts €22.93m profit

The Supermac’s group saw a 25 per cent drop in its revenue last year with its city-centre outlets most impacted by the Covid-19 pandemic.supermacs0420

According to its latest accounts, Supermac’s (Holdings) Ltd saw its pretax profit decline by 6.7 per cent from €24.58 million to €22.93 million in 2020.

The decline in profit followed revenue decreasing by a quarter from €189.4 million to €141.5 million.
Commenting on the figures, Supermac’s chief executive, Pat McDonagh, said the drop in revenue “was not a bad result for the conditions that prevailed in 2020 with the pandemic”.
He said drive-through and home delivery had done “exceptionally well” during parts of last year.
The Supermac’s group is made up of 110 Supermac’s outlets and six hotels.

 

Mr McDonagh said that when the firm reopened after the first lockdown, the fast-food business “wasn’t impacted, with the exception of city-centre sites that got hammered”.
 
 

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