Savor reports 6% revenue drop amid challenging market

Hospitality group, Savor, has reported a 6% decline in revenue for the six-month period ended September 30, 2025.

The company's revenue for the period was $24 million.

Operating earnings also decreased by 3% to $1.9m.

Savor recorded a net loss after tax of $1.1m, unchanged from the prior period.

The company attributed the challenging market conditions, including high inflation, increasing operating costs, and cautious consumer spending, as the main factors impacting its financial performance.

Despite these challenges, Savor said it remained focused on protecting margins and driving cost-out initiatives.

The company said trading through the winter months varied, but momentum has continued to build throughout the spring period.

It also announced new arrangements with key suppliers, resulting in cash payments of $1m to be received before the end of the calendar year.

Savor has 18 venues in Auckland, including Amano, Azabu, Ebisu, Bivacco, and Non Solo Pizza.