The Restaurant Group reports 9% increase in turnover for 2012

09 January 2013 by
The Restaurant Group reports 9% increase in turnover for 2012

The Restaurant Group (TRG) said its turn turnover for 2012 was up 9% year on year despite "tricky" conditions for consumer-facing businesses.

The company behind restaurant brands Garfunkel's, Chiquito and Frankie and Benny's, as well as pub brand Brunning and Price, said that profits for the 52 weeks to 30 December 2012 were also expected to be ahead of market forecasts.

Andrew Page, chief executive of TRG, said: "The Restaurant Group delivered a strong performance in 2012, notwithstanding some tricky conditions for consumer-facing businesses.

"Sales increased by 9%, with like-for-like sales 4.5% ahead of the prior year. Profits were well ahead of 2011 and cash generation was strong."

TRG opened 28 new restaurants during 2012, creating more than 700 new jobs and said it expected to open between 28 and 35 new restaurants in 2013.

It was also announced that Trish Corzine, executive director of the concessions business, would retire as a director of TRG in May after almost 20 years with the company.
The group's full year results will be announced by early March.

The Restaurant Group reports promising revenues for 2011 >>The Restaurant Group targets 25-30 new openings in 2012 >>

Like-for-like sales rise at the Restaurant Group despite weak consumer confidence >>

By Janie Manzoori-Stamford

E-mail your comments to Janie Manzoori-Stamford here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to jobs

Looking for a new job? Find your next job here with jobs

Blogs on ]( Catch up with more news and gossip on all Caterer's blogs
[E-Newsletters]([ For the latest hospitality news, sign up for our E-newsletters
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.


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