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

TRG reports 8% rise in turnover

11 November 2010 by

The Restaurant Group (TRG) has made "good progress despite a tough economic backdrop" as it reported an 8% rise in turnover for the 45 weeks to 7 November.

The owner of the Garfunkels, Chiquito and Frankie & Benny's chains, which operates 380 restaurants and pubs across the UK, said like-for-like sales increased marginally by 0.25% compared with last year.

TRG said it has opened 18 restaurants so far this year with all set to deliver "strong returns". The company added that it plans to open between 23 and 25 new restaurants in total in 2010 and a further 22 to 27 in 2011.

"Looking forward to 2011, we expect a continuation of current trading conditions with ongoing pressures on consumer spending from tax rises and potentially higher unemployment," TRG said.

"Our distinct market positioning with strong brands, experienced and motivated teams, our focus on delivering consistently excellent levels of service and hospitality with great value-for-money offerings will, in the absence of a significant downturn in the economy, enable the group to continue its profitable development."

TRG sees profit and turnover rise >>

Profits edge ahead in 2009 at The Restaurant Group >>

Caterersearch 100: Andrew Page >>

By Kerstin Kühn

E-mail your comments to Kerstin Kühn 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 www.caterersearch.com/tabletalk

Caterersearch.com jobs

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

[Newsletters For the latest hospitality news, sign up for our e-mail 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.

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