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Restaurant Group lifts profit target as it targets new openings to fuel growth

first_imgWednesday 12 January 2011 7:48 pm More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com RESTAURANT Group has forecast full-year profit just ahead of market estimates as better-than-expected trading at its new sites offset the impact of heavy snowfall in the UK.The company, which owns the Garfunkel’s and Frankie & Benny’s chains, said revenue for the 53 weeks to 2 January was seven per cent ahead of 2009, while like-for-like sales fell one per cent.“Turnover for the final part of November and the first four weeks of December was impacted by the unusually harsh weather conditions experienced throughout the UK, although since then trading has been very strong,” the company said.Northern Europe’s big freeze wreaked havoc and disrupted businesses after extreme weather conditions across the continent forced people to stay indoors especially during the important Christmas trading season. The company has had a difficult year after the volcanic ash crisis hit sales in the 40 restaurants it owns in airports. The World Cup also took its toll as football fans ate in pubs rather than restaurants, to watch the games.Restaurant Group, which is targeting 22 to 27 new openings in 2011, said it expected tough economic conditions to continue.Analysts on average expect the company to post a pre-tax profit of £55.2m, on revenue of £465.1m for the year to 31 December. whatsapp Share KCS-content center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Show Comments ▼ whatsapp Restaurant Group lifts profit target as it targets new openings to fuel growth Tags: NULLlast_img

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