Shares in the restaurant operator fell 17% at
The Real Greek, Franco Manca and Bukowski restaurants owner said it expects headline Ebitda for the year March 25 to be below market expectations, despite an increase in turnover, in line with expectations.
The company said this is primarily due to trade in its suburban
Last year, Fulham Shore reported headline Ebitda of
The group said it have opened 13 new restaurants in the financial year, increasing its total number to 58 restaurants. Fulham Shore also said it building a new Franco Manca pizzeria in Bath and it has exchanged contracts on a site for later in the year on South St Andrew Street in
However, the company said it plans to reduce the number of new restaurant openings for the coming year and will only fund them from its internally generated free cash due to "uncertain economic outlook" for both the
