Restaurant Group PLC - Trading statement
The Restaurant Group plc
At the AGM of
Like-for-like sales for the 20 weeks ended
In the period we saw strong performances from our Concessions business, benefitting from strong growth in passenger numbers, and from our Pubs business, helped by favourable weather. We continue to be focused on the turnaround of the Leisure businesses which benefited from cinema admissions having a good start to the year. Over the remainder of the year, growth in passenger numbers and cinema admissions is anticipated to moderate.
The implementation of our strategy is progressing well as we make the required investments in price, marketing and our offer.
2017 is a transitional year. We continue to address the competitiveness of our Leisure businesses and are focused on achieving a sustainable volume-led turnaround. Where opportunities to accelerate our progress present themselves, we will invest appropriately.
Accordingly, we continue to expect to deliver a PBT outcome for the full year in-line with current market expectations.
Balance sheet and financial position
The Group's balance sheet remains strong and continues to benefit from good cash generation from our operations.
Subject to approval at the AGM, the final dividend in respect of the year ended
020 3117 5001
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020 7457 2020
2. This statement is based on information sourced from management accounts.
3. Statements made in this announcement that look forward in time or that express management's beliefs, expectations or estimates regarding future occurrences are "forward-looking statements" within the meaning of
This information is provided by RNS
Quick facts: Restaurant Group PLC
Market Cap: £243.7 m
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