The Caterer

Wagamama's success continues as like-for-like sales grow by 6.3%

25 November 2019 by
Wagamama's success continues as like-for-like sales grow by 6.3%

Wagamama has seen like-for-like sales grow by 6.3% as the Restaurant Group continues to grow its golden goose.

In the 22-weeks to 29 September 2019, turnover increased by 11% to £93.5m with six restaurants and one delivery kitchen opened. Adjusted earnings before interest, tax, depreciation and amortization stood were up 27.2% at £16.7m.

Wagamama continued to outperform the casual dining sector in quarter two, a result it has achieved consistently for five years.

CEO Emma Woods said: “Great businesses are built from dedicated people, a commitment to always be on the side of their customers and a galvanising sense of purpose.

“Wagamama has always followed this model, and I am thrilled to say has delivered another quarter of strong outperformance versus the market with a number of record restaurant sales weeks.

“We look forward to 2020, and whilst we don’t expect to be immune to the various headwinds facing our industry, we will stay true to our positive culture and growth mindset.”

The Restaurant Group purchased 133-site strong Wagamama in a deal that valued the company at £559m towards the end of 2018, in a move that it described as "transformative".

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