Finance
Upper Crust owner SSP keeps forecast after higher first-quarter sales
Published by Global Banking and Finance Review
Posted on January 23, 2026
2 min readLast updated: January 23, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 23, 2026
2 min readLast updated: January 23, 2026
SSP Group reports strong Q1 sales and reaffirms its annual forecast, driven by robust performance in the UK and North America.
Jan 23 (Reuters) - SSP Group reiterated its annual forecast on Friday after logging strong first-quarter sales, supported by a robust UK business and pick-up in North America, as the Upper Crust owner pushes ahead with its turnaround efforts to boost margins.
The company, which operates food outlets at airports and train stations worldwide, is cutting costs, refreshing offerings, improving customer experience and expanding in high‑growth markets to lift profits and offset weakness in Europe.
"The new financial year has started well, with positive revenue momentum. We are making good progress in driving improved performance," the company said.
Group like-for-like sales rose 5% year-on-year on constant currency rates in the three months to December 31, despite some seasonal fluctuations and the U.S. government shutdown creating some volatility.
SSP Group shares were up 2.2% in early trading in London.
RBC Capital Markets analysts said they were encouraged by "particularly strong trends" in the UK, with SSP continuing to gain share in the key U.S. travel market. They said SSP's update could be a positive for other travel-related companies.
($1 = 0.7440 pounds)
(Reporting by Neeshita Beura and Ankita Bora in Bengaluru; Editing by Subhranshu Sahu)
Sales growth refers to the increase in sales revenue over a specific period, often expressed as a percentage. It indicates how well a company is performing in generating sales compared to previous periods.
Corporate strategy is a comprehensive plan that outlines how a company will achieve its goals and objectives. It includes decisions about resource allocation, market positioning, and competitive advantage.
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