The Restaurant Group records significant uplift in sales
The Restaurant Group (TRG) has reported a strong start to the financial year after seeing a significant uplift in sales since the end of February.
The company, which operates the Garfunkel's, Chiquito and Frankie and Benny's chains, as well as pub brand Brunning and Price, said total sales for the first 19 weeks of 2012 were up 8% from the same time last year.
Like-for-like sales are 4% ahead of last year and the group said it had seen good growth in March, April and May to date.
During the period until 13 May, TRG has opened one new Frankie & Benny's restaurant, two new Garfunkel's outlets and one new pub-restaurant, all of which are trading well, the company said.
After launching the Coast to Coast restaurant brand in Brighton last November, TRG plans to open two new sites later this year. Overall the group expects to open between 25 and 30 new restaurants in 2012 with one half of new restaurants under the Frankie & Benny's brand.
TRG added that it had a strong pipeline of expansion developing for 2013 and beyond.
The Restaurant Group reports promising revenues for 2011 >>
The Restaurant Group targets 25-30 new openings in 2012 >>
By Kerstin Kühn
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