Upper Crust owner SSP says Middle East disruption tempers sales growth in recent weeks
SSP Group Sales Performance and Market Impact
Recent Sales Growth Trends
May 19 (Reuters) - Upper Crust owner SSP Group said on Tuesday its like-for-like sales growth in recent weeks was tempered by weaker passenger flows in parts of Asia and Europe due to the Iran war.
Annual Outlook and Regional Strength
The travel food operator, however, said its annual outlook remains in line with market expectations, underpinned by strength in other regions.
Comparison of Sales Across Quarters
The company's like-for-like sales in the first six weeks of the second half of the year grew 3%, compared with 5% in the first and second quarters spanning October to March.
Impact of Iran Conflict on Travel Industry
Operational Challenges
The travel industry is grappling with the fallout from the Iran conflict, with flight cancellations and diversions, higher fuel costs, and inflation concerns weighing on passenger numbers and spending at airports.
Exchange Rate Information
($1 = 0.7454 pounds)
Reporting Credits
(Reporting by Nithyashree R B in Bengaluru; Editing by Subhranshu Sahu)
