Restaurant Group’s YE trading update is better than the market has been fearing. LFL sales at -3% have come in at the better end of guidance and management is guiding to the full year PBT outcome being in line with market expectations. Importantly, despite market softness we are encouraged by reference to good execution vs the 4 strategic objectives with the leisure business seeing improved volume momentum post menu upgrades and price repositioning, whilst the Concession business continues to gr ....
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In line FY17 outcome
- Published:
25 Jan 2018 -
Author:
Sahill Shan -
Pages:
3
Restaurant Group’s YE trading update is better than the market has been fearing. LFL sales at -3% have come in at the better end of guidance and management is guiding to the full year PBT outcome being in line with market expectations. Importantly, despite market softness we are encouraged by reference to good execution vs the 4 strategic objectives with the leisure business seeing improved volume momentum post menu upgrades and price repositioning, whilst the Concession business continues to gr ....