MONTREAL--(BUSINESS WIRE)--Libro, a leading North American provider of innovative restaurant management solutions, had an outstanding first quarter in 2024, increasing quarterly revenue by 74% year-over-year, and achieving the highest sales performance in company history. The strong and successful start of FY2024 underscores the continued momentum behind Libro’s turn-key Guest Experience Platform and growing market position within the hospitality and restaurant technology sector.
The company finished Q1 2024 with over 16 million guests seated through its software platform, further highlighting Libro’s expanding reach and influence in the market. The significant company milestone, paired with the addition of over 180 merchant locations, including Beba, Pearl Oyster Bar, Noces de Columbia, Smitty’s and Turtle Jacks, has Libro firmly positioned for another strong year of growth.
"As Libro continues to push boundaries within the restaurant management technology landscape, we’re thrilled to see our platform making tangible impacts across the industry, and empowering merchants to run their operations more efficiently,” says Lorne Schwartz, President of Libro. “The significant growth we've experienced in the first quarter is a testament to our vision of empowering merchants with digital tools that not only bring guests back into the restaurant repeatedly, but also boost sales and strengthen brand loyalty."
Also during the first quarter, Libro expanded its partnership and integration ecosystem to include industry leaders Silverware POS, The 15 Group, DYNE, and Back of House. By building collaborative partnerships, Libro solidifies its role as a pivotal player in the hospitality and restaurant technology sector while providing customers with more value-added tools, resources, and strategic support.
"Merchants of all sizes are experiencing the effective, tangible, and measurable value Libro can offer in one convenient platform,” says Schwartz. “Marketing to guests is crucial, but it doesn’t have to be time-consuming or expensive to produce results and fill more tables.”
About Libro
Libro is one of North America's leading online guest experience solutions, providing restaurants with an affordable, fully branded solution to fill tables, manage reservations, reduce no-shows, engage customers, and elevate the overall guest experience. The company's Software-as-a-Service (SaaS) platform empowers restaurateurs to control the entire online reservation experience, retain all customer information, and eliminate pricey commission models that often come with third-party reservation sites. Headquartered in Montreal, the Libro reservation platform is utilized at over 3,000 locations across Canada, the United States, and Europe. For more information, visit www.librorez.com.
