Pizza Express: further to the below on Q4
All,
Further to the below on Q4, the company has by now also uploaded the Q1 results. No news besides financials.
Compared to Model:
- Sales were £2m higher
- GM was £1m lower
- EBITDA was £1m lower
- The WC "window-dressing?” from Q4 unwound
- CapEx was £1m lower
- Interest was on target.
Thus cash position back in line with model - £1m lower.
Wolfgang