Restaurant Group PLC (LSE:RTN)) will serve up full-year results on Wednesday where it has already said adjusted underlying earnings (EBITDA) will be at the top of its prior guidance for between £73-£79mln, before the introduction of ‘Plan B’ restrictions.
The owner of Wagamama experienced a tough final quarter, due to the spread of the Omicron variant, but management believes it bypassed these issues thanks to cost control and strong trading.
Like-for-like sales growth had slowed from October to December in its flagship restaurant, from 11% 1%.
Its other brands, such as leisure, pubs and concessions also experienced a decline in sales growth.
Looking ahead, the company said it expected recovery to grow at a slower pace as consumer confidence returned to the market, so the results could potentially offer some forward-looking statements into 2022 performance so far.