14 Oct 2016 11:00
Trading statement
14 October 2016
At today's Annual General Meeting, the Rank Group Plc (LSE: RNK) (Rank or the Group) will announce the following trading update for the 15 weeks to 9 October 2016.
Rank today announces total Group like-for-like revenue for the 15 weeks to 9 October 2016 has grown by 1%, with total revenue flat. On a channel basis, venues revenue was down 1% and digital revenue grew by 7%.
Grosvenor Casinos' venue like-for-like revenue declined by 1%, principally driven by a lower than average margin and lower customer visits. Mecca venue like-for-like revenue was flat.
Grosvenor Casinos' digital channel continued to grow strongly, with revenue up 30% in the period. Mecca's digital revenue fell by 4% in the period, however trends in recent weeks have been encouraging.
Management's expectations for the full year remain unchanged.
Forthcoming announcements
Rank will announce its half year results on 26 January 2017.
Ends
Contacts:
Rank
Sarah Powell - investor relations Tel: +44 1628 504 303
Media Enquiries:
FTI Consulting (PR adviser to Rank)
Edward Bridges Tel: +44 20 3727 1067
Alex Beagley Tel: +44 20 3727 1045
Notes to editors:
1. Figures are not adjusted for customer incentives.
2. Like-for-like excludes the effects of clubs openings, closures and relocations.
3. All comparisons are with the same 15 week period in 2015.
Rank (RNK)