Turnover up 8% at The Restaurant Group

By Ewan Turney

- Last updated on GMT

Related tags Economy

Black Jug in Horsham: Brunning & Price pub
Black Jug in Horsham: Brunning & Price pub
The 380-strong Restaurant Group has reported an 8% in turnover for the 45 weeks to 7 November on last year.

The 380-strong Restaurant Group (TRG), which includes 42 pub restaurants under the Bluebeckers and Brunning & Price banner, has reported an 8% in turnover for the 45 weeks to 7 November on last year.

Like-for-like sales at the group, whose brands include Frankie & Benny's, Chiquito and Garfunkel's, are 0.25% up on last year.

"TRG has demonstrated its resilience and has continued to make further good progress despite a tough economic backdrop and uncertainty over the outlook for employment which has adversely impacted our sector during 2010," it said.

TRG has opened 18 restaurants so far this year with all set to deliver "strong returns".

It plans to open between 23 and 25 new restaurants in 2010 and a further 22 to 27 next year.

It said it "anticipates a meaningful reduction in our year end net debt position" when compared to December 2009.

"Looking forward to 2011, we expect a continuation of current trading conditions with ongoing pressures on consumer spending from tax rises and potentially higher unemployment," it said.

"Our distinct market positioning with strong brands, experienced and motivated teams, our focus on delivering consistently excellent levels of service and hospitality with great value-for-money offerings will, in the absence of a significant downturn in the economy, enable the Group to continue its profitable development."

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