Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Restaurant Group sees like-for-like sales rise 2.7% as turnover tops £1b

26 February 2020 by
Restaurant Group sees like-for-like sales rise 2.7% as turnover tops £1b

The Restaurant Group has reported a 2.7% rise in group like-for-like sales, with total sales up 56.4% to £1.07b, thanks largely to the contribution of the full integration of Wagamama.

Wagamama delivered a like-for-like sales uplift of 8.5% with adjusted EBITDA for chain at £60.7m, up from £44.6m in 2018, in the results for the 52 weeks ended 29 December 2019.

The Restaurant Group as a whole, which includes brands such as Frankie & Benny's, Brunning & Price and Chiquito, reported a loss before tax of £37.3m, reflecting an exceptional pre-tax charge of £111.8m and what was described as onerous lease provisions in its leisure business.

Chief executive Andy Hornby said: "Having joined the business in August last year I am particularly pleased with the continued and significant progress made following the acquisition of Wagamama and the integration of the business into the group, which has transformed the group's growth trajectory and momentum.

"Our three growth businesses of Wagamama, concessions and pubs are all out-performing their respective markets and have clear potential for further growth. I am also acutely aware of the challenges facing our leisure business and the wider casual dining sector."

He added that the group has started the year positively, with like-for-like sales up 5.3% for the first six weeks of 2020.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking