Restaurant Group on track as YTD sales rise 9.1 per cent

15th Nov 2013 07:19

Restaurant Group, the company behind the Frankie and Benny's, Chiquito and Garfunkel's chains, said it is on track to meet forecasts this year after 'good progress' in the third quarter.The company said that after 45 weeks of trade in 2013, total sales are up 9.1% year-on-year with like-for-like sales ahead 3.5%, in line with the company's expectations.Some 21 new sites have been opened so far this year; these are said to be performing well and set to deliver strong returns.Restaurant Group expects to open 33-35 new restaurants in 2013 and said it hopes to open more sites next year."Since our interim announcement at the end of August, the group has traded well, with like-for-like sales growth in both September and October," the company said. "Although the like-for-like comparatives are much tougher during November, we are confident that the business will continue to make good progress during the remainder of the year and we are on track to meet expectations for the full year."BC