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

Wagamama reports growth ahead of competition

09 December 2016 by
Wagamama reports growth ahead of competition

Casual dining group Wagamama has reported like-for-like growth of 9.7% during the first half of its current financial year and is substantially ahead of a largely flat market.

The total sales increase of £61.1m for the second quarter of the year to 6 November 2016 was up 14.4% on the same period the previous year.

Like-for-like sales are now said to have outperformed the competition for 133 consecutive weeks.

Recent operational highlights include the opening of Wagamama's first restaurant in New York in mid-November, followed by three weeks of strong trading.

Other key openings have taken place in Bankside and St Paul's in London, Peterborough and Ipswich. Meanwhile, franchise launches overseas include sites in Jeddah, Saudi Arabia; Meydan, Turkey; and North West, New Zealand.

David Campbell, chief executive of the Oriental noodle chain, said the New York opening marks the start of the creation of an iconic global restaurant brand. "The restaurant opened to critical acclaim and while it is early days, it is already trading within the top five restaurants within the company," he explained.

"The US is an important expansion market for Wagamama and we have further leases either signed, or in the process of being signed, in both New York City and Boston."

Launched in 1992, Wagamama today operates 163 restaurants across 19 countries.

Wagamama to open first site in Italy >>

Wagamama announces franchise deal with Grupo Vips >>

Strong increases in turnover and profit for Wagamama >>

Are you looking for a new role? See all the current hospitality vacancies available with The Caterer Jobs >>

Latest video from The Caterer

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