Tasty PLC - London-based casual dining restaurant operator - Expects robust trading throughout the summer months as strong trading continues following the partial lifting of lockdown restrictions on May 17. The six-week period to June 27 had shown significant like-for-like growth compared to the 2019 comparative period, Tasty notes.
"Trading has benefitted from significant pent-up demand, and we are encouraged by the initial strength of our overall trading performance despite the restaurants having restricted capacity due to social distancing," the company comments.
Sales from takeaways and deliveries have been areas of growth, performing well even after dine-in was reopened, Tasty says. The restaurant operator now has 49 of its 54 sites fully open for trade.
Current stock price: 6.30 pence, up 5.0% Tuesday
Year-to-date change: up 100%
By Will Paige; willpaige@alliancenews.com
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Tasty (TAST)