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Tortilla Mexican Grill – full-year results swing to loss and net debt… but don’t worry as its “Tik Tok posts are legendary” (well, according to CEO Richard Morris)!

By Steve Moore | Monday 27 March 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

“The largest and most successful fast-casual Mexican restaurant group in the UK” (er, what’s the competition for this small niche?), Tortilla Mexican Grill (MEX) reckons that it “is pleased to announce its annual results for the 52 weeks ended 1 January 2023… a year of significant growth and further strategic progress”. So what of the shares down from approaching 170p a year ago to a current 120p?
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