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Post-close update

9 Jan 2014 07:00

RNS Number : 2293X
Restaurant Group PLC
09 January 2014
 



9 January 2014

The Restaurant Group plc ("the Group")

 

Post-close update

 

The Group's full year results will be announced by early March 2014 and profits for the 52 weeks to 29 December 2013 are expected to be ahead of the consensus of market forecasts.

 

Turnover for the 52 weeks to 29 December 2013 was 9% ahead of the prior year and like-for-like sales were 3.5% ahead. Group operating margins for 2013 are expected to show progress on 2012.

 

New openings were ahead of the previous year with 35 restaurants opened in 2013. Trading at these sites has been excellent and they are set to deliver strong returns. The Group expects to open between 36 and 43 new sites in 2014.

 

Looking forward, whilst we anticipate similar economic conditions to 2013, our efforts will be focused on delivering further profitable progress in 2014.

 

Andrew Page, CEO of The Restaurant Group plc, said:

 

"In 2013, The Restaurant Group again delivered another excellent performance with increased sales, margins and record profits. Our value for money offerings and brands with wide appeal encouraged more customers to dine in our restaurants and enjoy our hospitality. Sales increased by 9%, with like for like sales 3.5% ahead of the prior year. Profits were well ahead of 2012 and cash generation was strong. During 2013 we opened 35 new restaurants, creating over 1000 new jobs and this year we expect to open between 36 and 43 new restaurants. Last year we asked a lot of our people and the TRG team responded magnificently to deliver these excellent results. I am extremely grateful to them and know that their focus is now directed towards delivering another great result in 2014."

 

 

ENQUIRIES:

 

The Restaurant Group plc

 

Tel: 020 3117 5001

Andrew Page, Chief Executive Officer

Stephen Critoph, Group Finance Director

College Hill

 

Tel: 020 7457 2020

Matthew Smallwood

 

Notes:

 

1. The Board is aware of a range of forecasts for profit before tax for 2013, the consensus of which is £71.6m. Nothing in this announcement should be construed as a profit forecast.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGMGGMNRNGDZM
Date   Source Headline
30th Oct 202312:32 pmGNWDimensional Fund Advisors Ltd. : Form 8.3 - RESTAURANT GROUP PLC - Ordinary Shares
30th Oct 202311:17 amRNSForm 8.3 - The Restaurant Group plc
30th Oct 202310:42 amRNSForm 8.3 - Restaurant Group Plc, The
30th Oct 202310:34 amRNSForm 8.5 (EPT/RI)
30th Oct 20239:20 amRNSForm 8.5 (EPT/RI)
27th Oct 20234:08 pmRNSHolding(s) in Company
27th Oct 20233:20 pmRNSForm 8.3 - The Restaurant Group PLC
27th Oct 20233:20 pmRNSForm 8.3 - The Restaurant Group plc
27th Oct 20231:43 pmPRNForm 8.3 - Restaurant Group Plc
27th Oct 20231:23 pmBUSForm 8.3 - Restaurant Group Plc
27th Oct 202312:54 pmRNSForm 8.3 - RESTAURANT GROUP PLC/THE
27th Oct 202311:29 amRNSForm 8.5 (EPT/RI)
27th Oct 202311:09 amRNSForm 8.3 - The Restaurant Group plc
27th Oct 202310:43 amBUSForm 8.3 - The Restaurant Group Plc
27th Oct 20239:59 amRNSForm 8.3 - Restaurant Group Plc, The
27th Oct 20239:56 amRNSForm 8.3 - Restaurant Group Plc, The
27th Oct 20239:21 amRNSForm 8.5 (EPT/RI)
27th Oct 20239:17 amGNWDimensional Fund Advisors Ltd. : Form 8.3 - RESTAURANT GROUP PLC - Ordinary Shares
27th Oct 20237:32 amGNWForm 8.5 (EPT/RI) - Restaurant Group plc
27th Oct 20237:00 amRNSForm 8.3 - The Restaurant Group plc
26th Oct 20235:06 pmRNSForm 8.3 - The Restaurant Group plc
26th Oct 20235:04 pmBUSForm 8.3 - Restaurant Group, PLC
26th Oct 20235:02 pmBUSForm 8.3 - Restaurant Group, PLC
26th Oct 20233:30 pmRNSHolding(s) in Company
26th Oct 20233:20 pmRNSForm 8.3 - The Restaurant Group PLC
26th Oct 20233:13 pmRNSForm 8.3 - Restaurant Group Plc, The
26th Oct 20233:06 pmRNSForm 8.3 - Restaurant Group PLC
26th Oct 20233:04 pmRNSForm 8.3 - Restaurant Group PLC
26th Oct 20232:45 pmRNSForm 8.3 - Restaurant Group PLC (The)
26th Oct 20231:58 pmRNSForm 8.3 - Restaurant Group plc, The
26th Oct 20231:17 pmBUSForm 8.3 - Restaurant Group plc
26th Oct 20231:15 pmPRNForm 8.3 - Restaurant Group Plc
26th Oct 20231:10 pmRNSForm 8.3 - The Restaurant Group plc
26th Oct 202312:14 pmRNSForm 8.3 - The Restaurant Group plc
26th Oct 202311:27 amGNWInvesco Ltd: Form 8.3 - Restaurant group PLC/The
26th Oct 202310:14 amBUSForm 8.3 - The Restaurant Group Plc
26th Oct 20239:23 amGNWDimensional Fund Advisors Ltd. : Form 8.3 - RESTAURANT GROUP PLC - Ordinary Shares
26th Oct 20239:11 amRNSForm 8.3 - Restaurant Group PLC (The)
26th Oct 20239:10 amRNSForm 8.3 - Restaurant Group plc, The
26th Oct 20239:04 amRNSForm 8.5 (EPT/RI)
26th Oct 20238:00 amRNSForm 8.3 - The Restaurant Group plc
26th Oct 20237:33 amGNWForm 8.5 (EPT/RI) - Restaurant Group plc
26th Oct 20237:00 amRNSStatement regarding possible competing offer
25th Oct 20233:20 pmRNSForm 8.3 - The Restaurant Group plc
25th Oct 20233:20 pmRNSForm 8.3 - The Restaurant Group PLC
25th Oct 20233:00 pmBUSForm 8.3 - The Restaurant Group plc
25th Oct 20232:30 pmRNSForm 8.3 - Restaurant Group PLC (The)
25th Oct 20232:20 pmBUSForm 8.3 - Restaurant Group Plc
25th Oct 20232:17 pmRNSForm 8.3 - Restaurant Group plc, The
25th Oct 20231:31 pmPRNForm 8.3 - Restaurant Group Plc

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