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Restaurant Group sales up 5%

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Date: Wednesday 07 May 2008

LONDON (ShareCast) - Branded restaurant chain outfit Restaurant Group said it is encouraged with its trading performance so far this year, with like-for-like sales up 5% for the 18 weeks to 4 May 2008.

Total revenues for the period rose 21% ahead of the same period last year.

“This is a solid start to 2008 and represents very satisfactory progress compared with the same period last year,” said the group.

It said both of its Leisure and Concessions divisions have performed well to date, delivering good growth in like-for-like sales, notwithstanding a continuation of the more challenging economic backdrop.

“This performance reflects the resilience of our market positioning and value-for-money offerings,” added the group.

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