logo-loader
viewRestaurant Group PLC

The Restaurant Group very encouraged by performance

Shares in The Restaurant Group (AIM: TRG) surprised on the upside today after the company said it was "very encouraged" by this year's trading.

The company released a statement to accompany its AGM today, and said that like for like sales climbed 5% for the 18 weeks to May 4 2008. This compared to a like for like sales increase of 4% last year. Total revenues for the period also increased by 21%. The Company's Leisure and Concessions divisions performed “well", despite the gloomy economic backdrop.

Looking ahead, The Restaurant Group reaffirmed its ambition to open 30-35 new restaurants during the year.

The Restaurant Group climbed almost 10% to 161.5 pence.

no_picture_pai.jpg
Shares in The Restaurant Group (AIM: TRG) surprised on the upside today after the company said it was "very encouraged" by this year's trading.

The company released a statement to accompany its AGM today, and said that like for like sales climbed 5% for the 18 weeks to May 4 2008. This compared to a like for like sales increase of 4% last year. Total revenues for the period also increased by 21%. The Company's Leisure and Concessions divisions performed “well", despite the gloomy economic backdrop.

Looking ahead, The Restaurant Group reaffirmed its ambition to open 30-35 new restaurants during the year.

The Restaurant Group climbed almost 10% to 161.5 pence.

Quick facts: Restaurant Group PLC

Price: 140.5 GBX

LSE:RTN
Market: LSE
Market Cap: £690.55 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Impax Asset Management reveals key themes investors should...

Impax Asset Management Group PLC (LON:IPX) Head of Client Services and Business Development David Richardson tells Proactive key themes investors should look out for in 2020.  Richardson says he's seeing expansion in developing renewable energy projects in Europe, increased interested in...

1 day, 8 hours ago

2 min read