TRG on track to open up to 30 outlets in 2012

31 August 2012 by
TRG on track to open up to 30 outlets in 2012

The Restaurant Group (TRG) said it was on track to open up to 30 new outlets this year as it posted a 7% rise in profits for the first half of 2012.

The company, which operates the Garfunkel's, Chiquito and Frankie and Benny's chains, as well as pub brand Brunning and Price, reported pre-tax profit of £26.1m in the six months to 1 July, up from £24.4m in the same period last year. Revenue increased by 7.5% from £234m to £252m, while like-for-like sales increased by 3.25%.

TRG said all of its brands had traded well, particularly Frankie & Benny's.

"TRG has delivered a record first-half performance with a 7.5% increase in total sales and a 10.3% increase in earnings per share. Since the beginning of the year we have opened 13 new restaurants and we expect to open a total of 25-30 for the full year," said chief executive Andrew Page.

After launching the Coast to Coast restaurant brand in Brighton last November, TRG has opened a second Coast to Coast in Newcastle and plans to launch a third in Stevenage in October.

"We believe that this brand has good potential, is scaleable and capable of delivering strong returns," the group said.

The Restaurant Group records significant uplift in sales >>

The Restaurant Group targets 25-30 new openings in 2012 >>

By Kerstin Kühn

E-mail your comments to Kerstin Kühn](mailto:kerstin.kuhn@rbi.co.uk) here.

Tabletalk
Tabletalk
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 www.catererandhotelkeeper.com/tabletalk

Catererandhotelkeeper.com jobs

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

[Blogs on Catererandhotelkeeper.com ](http://www.catererandhotelkeeper.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[E-Newsletters](http://www.catererandhotelkeeper.com/email-newsletters.htm)[ 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 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