Wagamama has outperformed the UK market for 208 consecutive weeks, according to the industry monitor the Coffer Peach Tracker.
As other casual dining brands struggle in tough trading conditions – with Carluccio’s the latest to announce it is pursuing a Company Voluntary Agreement – Wagamama has emerged as a “success” story of the sector.
The company, which has outperformed the market by 8.2% over the last four years, reported turnover of £229.5m in the 40 weeks to 29 January 2018, up from £202.1m the previous year.
Jane Holbrook, CEO of Wagamama said: “Every one of the 6,045 strong Wagamama family has worked really hard to achieve these Peach beating results. It is truly humbling to see and feel the passion that they put into their jobs. I love working with them all.”
Peter Martin, vice president of CGA, said: “It’s an outstanding performance from Wagamama in a tough and uncertain market, and shows the results of a brand working hard to stay fresh and relevant as it continues to grow. If people want to know what success looks like, they now know where to look. It’s also flattering to know that CGA’s Coffer Peach Tracker is the indispensable yardstick against which operators across the market measure their own sales performance”