Nando's has announced plans to open 14 new restaurants across the UK by February, following a surge in sales and profits. The peri-peri chicken chain, owned by South African investors, reported an 8% increase in revenues to £1.48 billion for the financial year ending February 23 2025, while operating profits more than doubled to £146.6 million.
The new locations include sites in Bedford, Derby, Peterborough, Bishop Auckland, Maidenhead, Sheffield, Edinburgh Gyle, Paddington, and Liverpool Edge Lane. This expansion follows the opening of 12 new restaurants in the previous year, as the company seeks to grow its company-owned estate and international footprint.
Despite the positive performance, Nando's has warned that increased cost pressures from April's tax and wage hikes are expected to impact its financial results in the current fiscal year. The company is mitigating these pressures through productivity improvements and energy-efficient grills in the UK and Ireland.
Group chief executive Rob Papps said: 'The 2025 financial year saw Nando's continue to deliver a strong sales performance driven by robust consumer demand. The macro-economic outlook remains uncertain, but we see significant growth potential and are investing for the future with new restaurant openings and menu innovation.'
