# The Restaurant Group plc Wagamama continues to significantly outperform

- Link: https://www.directorstalkinterviews.com/the-restaurant-group-plc-wagamama-continues-to-significantly-outperform/412782737
- Published: 2019-05-17T07:33:39+01:00
- Author: Charlotte Edwards

At the AGM of **The Restaurant Group plc** (LON:RTN), to be held later today, Debbie
Hewitt, Chairman, will provide the following trading update:

**Current trading**

Current trading is in line with our expectations with Group like-for-like sales 
for the 19 weeks ended 12 May 2019 up 2.8%. Total sales were up 57% in the period
reflecting the benefit from the Wagamama acquisition and the record number of new
Pubs and Concessions sites opened during 2018.

In the period we saw strong performances from Wagamama which has continued to significantly
outperform in its core UK market, and from our Pubs business, which consistently
traded ahead of the pub restaurant sector. Our Concessions business traded well 
and we remain focused on optimising our Leisure business against the backdrop of
a declining market.

**Outlook**

We are comfortable with the performance in the first 19 weeks of the current financial
year and remain focused on realising the synergies from the Wagamama acquisition,
executing on our multi-pronged growth strategy and optimising our Leisure business.

**About The Restaurant Group plc**

The Restaurant Group plc operates over 650 restaurants and pub restaurants throughout
the UK. Its principal trading brands are Frankie & Benny’s, Wagamama, Chiquito and
Brunning & Price. It also operates a multi-brand Concessions business which trades
principally in UK airports. In addition the Wagamama business has 5 restaurants 
in the US and over 50 franchise restaurants operating across a number of territories.

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