TRG like-for-likes up 0.5% despite airport hit
6 May, 2010
The Restaurant Group, operator of Frankie & Benny's, Chiquito and Garfunkels, says it has continued its positive start to 2010 with total sales 6% ahead of 2009 and like-for-like sales up 0.5% for the 18 weeks to 2 May 2010.
The group says like-for-like sales would have been around 1.5% ahead if it not been for the impact of the Icelandic volcano crisis on its airport concessions, which had been in good growth until air travel was grounded and it had five days of sales decline in excess of 90%.
TRG has opened seven new units to date during 2010 and it expects to open another 15-25 new units during the year.