Tasty Share News (TAST)

(Sharecast News) - Casual dining restaurant operator Tasty said on Tuesday that takeaway and delivery sales had "performed well" during the most recent UK lockdown and throughout the first half.
Tasty stated it made "good progress" in expanding delivery and click and collect across all sites, with the group now particularly pleased with the "continued good performance" of its takeaway sales which, even after dine-in reopened, continued to perform well.

The AIM-listed group highlighted that since the relaxation of indoor dining restrictions, trading in the six weeks ended 27 June showed strong like-for-like growth when compared to 2019 figures.

However, Tasty acknowledged that trading had benefitted from "significant pent-up demand".

"The board believes that, as a result of international travel restrictions, increased disposable income and a general strong desire to go out, trade will remain robust throughout the summer months," said Tasty.

"Notwithstanding this, the company is taking measures to combat the challenges ahead posed by supply chain disruption, recruitment issues, wage inflation, the reintroduction of business rates, and the reduction in furlough and VAT support."

As of 0850 BST, Tasty shares were up 5.0% at 6.30p.