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Revolution in the red after summer sales hangover

By John-Paul Ford Rojas, business reporter
Revolution Bars said it was hurt by the impact of hot weather and the World Cup as it swung to a ?3.6m annual pre-tax loss.
The result for the year to the end of June compares to a profit of €5.2m the year before for the group - which operates 76 bars under the Revolution and Revolución de Cuba brands.
Chairman Keith Edelman said the hottest summer on record combined with England's World Cup run "detracted from the appeal of our bars, which have neither TVs nor significant outside areas".Shares opened 4% lower on the results.The group, which employs more than 3,000 people, reported a 3.2% fall in like-for-like sales for the second half of the year, followed by further deterioration in the three months since the end of June, with sales down 5%.Business during 2018 has also been disrupted by the "Beast from the East", estimated to have knocked €500,000 off takings in early March, as well as the failure of the company behind Revolution's main drinks supplier.Mr Edelman said: "These factors together with an unsettled workforce and the widely documented cost pressures faced by the whole sector led to 2017/18 being a disappointing year and one from which we expect to significantly improve upon."
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