Carluccio's set to beat expectations after posting 8% rise in turnover

08 October 2009
Carluccio's set to beat expectations after posting 8% rise in turnover

Italian restaurant chain Carluccio's today revealed that it expects to post a pre-tax profit ahead of expectations after seeing an 8% rise in turnover for the financial year.

Unveiling a trading statement for the year to 27 September, the company said it had benefited from the opening of six new restaurants, largely outside its traditional London base.

The group, founded by Italian chef Antonio Carluccio, now has 45 outlets, the latest in Exeter having opened its doors last week.

The company, which is debt free, said its strong cash position will allow it to take advantage of the weak property market to accelerate its store opening programme

However, it warned that pressure on consumer spending would continue for some time with trading conditions for the restaurant sector remaining tough.

Overseas, Carluccio's said it was seeing strong trading at its stores in Dubai and Dublin.

Carluccio's terminates talks with mystery bidder >>

Carluccio's profit down as economy and cost pressure takes its toll >>

Carluccio's sees ‘satisfactory' Christmas trading >>

Carluccio's faces £21,000 bill over packaging rules breach >>

By Daniel Thomas

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