Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRTN.L Regulatory News (RTN)

  • There is currently no data for RTN

Trading Update

12 Nov 2015 07:00

RNS Number : 4224F
Restaurant Group PLC
12 November 2015
 

 

The Restaurant Group plc

 

Trading update for the 45 weeks to 8 November 2015

 

The Restaurant Group plc (the "Group") provides the following trading update for the 45 weeks to 8 November 2015 together with a commentary on the outlook for the remainder of the financial year.

 

Current trading

Since our half-year results announcement at the end of August, the Group has continued to make progress. After 45 weeks trade in 2015, total sales are 8% ahead of the comparable period in 2014 and like-for-like sales are 2% ahead.

 

New Openings

We have opened 25 new restaurants in 2015 to date. These are performing well and are set to deliver strong returns in line with our usual targets. We expect to open a total of 43 to 45 new sites in 2015 (2014: 40). Our pipeline of new sites is strong and we anticipate opening at least as many sites in 2016.

 

Balance sheet and financing

The Group's balance sheet position remains strong and cash continues to be generated at levels which allow the Group to maintain investment in our existing portfolio and open new restaurants.

 

Outlook

We are confident that the business will continue to make good progress during the remainder of the year and expect to report full year results in line with market expectations.

 

12 November 2015

 

 

ENQUIRIES:

 

The Restaurant Group

Danny Breithaupt, Chief Executive Officer

Tel: 020 3117 5001

Stephen Critoph, Chief Financial Officer

 

 

 

Instinctif Partners

Tel: 020 7457 2020

Justine Warren

 

Guy Scarborough

 

 

Notes for Editors:

 

1. The Restaurant Group plc operates over 480 restaurants and pub restaurants throughout the UK. Its principal trading brands are Frankie & Benny's, Chiquito, Coast to Coast, Brunning & Price and a Concessions division which trades principally in major UK airports.

 

2. The Group is aware of a range of external forecasts for the current year, showing profit before tax ranging from £85M to £89M.

 

3. This statement is based on information sourced from management accounts.

 

4. Statements made in this announcement that look forward in time or that express management's beliefs, expectations or estimates regarding future occurrences are "forward-looking statements" within the meaning of the United States federal securities laws. These forward-looking statements reflect the Group's current expectations concerning future events and actual results may differ materially from current expectations or historical results.

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTLLFLDLRLLLIE
Date   Source Headline
30th Aug 20167:00 amRNSDirector/PDMR Shareholding
26th Aug 20167:00 amRNSHalf-year Report
23rd Aug 20165:54 pmRNSHolding(s) in Company
12th Aug 20167:00 amRNSAppointment of new CEO
1st Aug 20169:24 amRNSTotal Voting Rights
29th Jul 20164:44 pmRNSHolding(s) in Company
25th Jul 20169:40 amRNSNotice of Interim Results
4th Jul 20166:37 pmRNSDirector/PDMR Shareholding
1st Jul 20163:44 pmRNSTotal Voting Rights
29th Jun 20163:14 pmRNSHolding(s) in Company
22nd Jun 20164:57 pmRNSHolding(s) in Company
15th Jun 20167:00 amRNSAppointment of Chief Financial Officer
13th Jun 20169:36 amRNSHolding(s) in Company
1st Jun 20164:32 pmRNSHolding(s) in Company
1st Jun 201610:08 amRNSHolding(s) in Company
1st Jun 20169:27 amRNSHolding(s) in Company
31st May 20164:32 pmRNSTotal Voting Rights
27th May 20169:08 amRNSDirector/PDMR Shareholding
25th May 20163:33 pmRNSHolding(s) in Company
19th May 20164:38 pmRNSHolding(s) in Company
19th May 20167:00 amRNSDirectorate Change
18th May 20163:02 pmRNSHolding(s) in Company
17th May 20162:03 pmRNSHolding(s) in Company
17th May 20169:16 amRNSHolding(s) in Company
12th May 20165:13 pmRNSHolding(s) in Company
12th May 201611:48 amRNSResult of AGM
6th May 20162:32 pmRNSHolding(s) in Company
4th May 20164:33 pmRNSHolding(s) in Company
3rd May 20162:03 pmRNSBlock listing Interim Review
3rd May 201611:31 amRNSTotal Voting Rights
29th Apr 20163:10 pmRNSAdditional Listing
29th Apr 20167:00 amRNSTrading Update and Board Change
15th Apr 20169:33 amRNSHolding(s) in Company
14th Apr 201610:12 amRNSHolding(s) in Company
13th Apr 20161:46 pmRNSHolding(s) in Company
8th Apr 20164:02 pmRNSNotice of AGM
31st Mar 20163:08 pmRNSTotal Voting Rights
21st Mar 20164:53 pmRNSDirector/PDMR Shareholding
21st Mar 20163:03 pmRNSHolding(s) in Company
18th Mar 20167:00 amRNSDirectorate Change
14th Mar 20165:06 pmRNSHolding(s) in Company
9th Mar 20167:00 amRNSFinal Results
1st Mar 20163:53 pmRNSTotal Voting Rights
1st Mar 20169:43 amRNSHolding(s) in Company
24th Feb 20161:36 pmRNSHolding(s) in Company
1st Feb 201610:35 amRNSTotal Voting Rights
26th Jan 20167:00 amRNSDirectorate Change
25th Jan 20163:57 pmRNSHolding(s) in Company
22nd Jan 20164:01 pmRNSHolding(s) in Company
15th Jan 20163:39 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.