Revolution Bars Group PLC - Ashton-under-Lyne, England-based bar chain - Gets same-site sales growth of 17% compared to two-years before in the period from the relaxing of Covid-19 restrictions on July 19, through to this past Saturday. Its 56 English sites, which had no restrictions from July 19, have traded 21% higher than in 2019. Says this trading performance was well ahead of its expectations, and cost continues to be controlled. Has GBP3.6 million in net cash and GBP36.5 million in lending facility headroom. "Whilst confident in the outlook for the business in the current trading environment, the board remains cautious of the potential impact of an escalation of Covid-19 and any associated restrictions on the business in the upcoming key trading months, including corporate Christmas parties," Revolution Bars says. Will publish its results for the financial year that ended July 3 on November 16.
Current stock price: 24.80 pence, up 10% on Thursday
Year-to-date change: up 6.2%
By Tom Waite; thomaslwaite@alliancenews.com
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Rev Bars (RBG)