The Restaurant Group boosts sales by 8%

Claire Dodd

Claire Dodd

01 September 2015

The Restaurant Group (TRG) – whose casual dining brands include Frankie & Benny’s and Chiquito - has reported a sales increase of 8% to £334m during its interim results.

Like-for-like sales increased by 2.5%, for the 26 weeks to 28 June 2015. Profit before tax increased by 10% to £36.9m, while operating cash flow sits at £60m, up from £55.9m in 2014.

The company said the results were due to its strategy of accelerated site development. It opened 12 new sites in the first half of the financial year, with nine new sites opened so far in the second half. It plans to open 43-48 new sites in total during 2015.

Six of the new openings were Frankie & Benny sites, with another seven to nine new restaurants planned in the full year.

Danny Breithaupt, chief executive said: 'The Restaurant Group has delivered another strong set of results, with good growth across all key performance measures and excellent progress on our strategy of increasing the pace of roll out in a more balanced way between our brands.

“The strengthening UK economy, increasing wages and disposable incomes, combined with the secular trends driving ongoing expansion of the eating out market, give me great confidence that TRG is well set for continued strong growth this year and beyond.'

 

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