The Restaurant Group posts 3% rise like-for-like sales

14 November 2014 by
The Restaurant Group posts 3% rise like-for-like sales

The Restaurant Group (TRG) has announced a 3% increase in like-for-like sales and a 10.3% increase in total sales, in its interim statement for the 45 weeks to 9 November 2014.

The group, which runs restaurant brands including Frankie & Benny's, Chiquito, Coast to Coast, and Garfunkel's, said that the business had continued to make progress, and expected a positive outlook in future months.

It highlighted that it had opened 24 new restaurants in 2014 to date, each of which were performing well, and were set to "deliver strong returns in line with usual targets".

It added that the pipeline of new site openings had continued to improve for the year ahead, and despite "cost pressures", it expected strong results in its forthcoming full year results.

The Restaurant Group operates over 450 restaurants and pub restaurants throughout the UK, including in airports and leisure developments.
The positive results come months after TRG posted double digit growth figures in August, when it reported pre-tax profit rise of 12.3% to £33.7m (compared to £30m in 2013).

The group's former chief executive Andrew Page stepped down in August, and was succeeded by Danny Breithaupt, who in August stated: "I am looking forward to leading the Company through its next phase of development."

The Restaurant Group sees double digit rise in pre-tax profits >>

Restaurant Group chief executive Andrew Page to retire >>

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