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The Restaurant Group -New openings deliver strong results

December 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • RTN
  • Price:
  • 385.8p
A positive update with trading for the 43 weeks to 28 October showing like-for-like sales up 3.5% and total sales rising 8.25%. Broker, Canaccord calculates that this implies an acceleration in Q3 to +3.9% vusus +3.25% in H1. Restaurant Group has opened 16 new sites this year, which are delivering strong returns. A third Coast to Coast, its newest brand, opened in Stevenage mid October and all three are going well, with five expected to be open by the year-end. Across the group it expects to open between 26-29 in 2012, with a good pipeline further out. Canaccord notes that the period only covered the first two days of the James Bond blockbuster Skyfall (many sites being situated adjacent to cinemas) and it's likely that tra ...

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