Mr Bigg’s Stuck in Doldrums as Half-Year Loss Widens to N780m
Mr Bigg’s, a once-thriving fast-food restaurant, saw its loss in the first six months of this year deepen to N780
Mr Bigg’s, a once-thriving fast-food restaurant, saw its loss in the first six months of this year deepen to N780 million from N590 million in the same period of 2024.
The business has continued to report losses since 2019 as competition stiffened amid a cost-of-living crisis that has crimped consumer spending.
Its revenue fell to N1.28 billion from N1.46 billion in the first half of last year, according to the earnings report of its parent company UAC of Nigeria (UAC).
UAC Restaurants Limited, a subsidiary of UAC, manages the network of quick service restaurants (QSR) across Nigeria under the Mr Bigg’s and Debonairs Pizza brands. It is in a joint venture with Famous Brands, which in 2013 acquired 49% stake in the company.
“Performance was impacted by increased operating expenses, which reflect broader inflationary pressures,” the company said, adding that its revenue increased by 5% in the second quarter to N667 million ”due to improved quality of menu options”.
