Eataly, the chain of stores specializing in the sale and distribution of Italian food, closed 2023 with growing revenues by 9% (compared to 2022) to 656 million euros, of which 60% came from North America. The gross operating margin consolidated rose by 61% to 41,1 million euros, while the Operating income returned to profit of 13,7 million euros, compared to the loss of 2,5 million recorded in 2022. Net income, however, was at a loss of 28 million euros, influenced by approximately 22 million euros of non-recurring extraordinary charges. The figure, explains the group, is "in line with forecasts" and appears to be an improvement of 0,7 million compared to the previous year.
THEEbitda consolidated reached 41,1 million euros, recording an increase of 61% compared to 2022 (+15,6 million euros) and more than doubled compared to 2019.ebita consolidated is 13,7 million euros, with an increase of 16,2 million euros compared to 2022, when it was negative for 2,5 million euros.
La Net financial position Consolidated Adjusted is 44 million euros at the end of 2023, constantly improving compared to 94 million euros in 2022.
Eataly: 50 sales points reached worldwide
During 2023, the Group has expanded its presence I learn five new stores. These include the third store in New York and the second in Toronto, both of which opened in the fourth quarter of the year.
They were opened three new offices in Italy: at the Serravalle Designer Outlet, Milan Bergamo-Orio al Serio Airport and inside the Rome Termini train station, the latter opened at the end of November. The new openings bring the total of the Group's sales points to over 50 worldwide.
Cipolloni, Ad Eataly: “unique brand in the world”
The CEO of Eataly, Andrew Cipolloni, plans to continue with the new openings and the development of the proprietary brand, which, it states, represents "a unique brand in the world“. Eataly, explains the CEO, "confirms its role as a point of reference for Italian food and wine excellence in the world, redefining the concept of made in Italy both abroad and at home".
Cipolloni underlines that the growth in revenues and margins occurred "ahead of initial plans", signaling an acceleration in the development path. For the future, it is expected to "continue to grow and improve profitability, strengthening Eataly's presence in the markets in which it is already consolidated and expanding the range of Eataly branded products".
“We also want continue to invest in new openings – says Cipolloni – both in direct management and in concession, increasingly representing a unique window in the world for Italian producers of local excellence”.
