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The Restaurant Group

November 2017

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:
  • 307p
The rising national living wage, higher business rates and increased raw material costs are making life hard for The Restaurant Group, best known for its Frankie & Benny’s and Chiquito casual dining chains, and that’s before the unforced error when it took away customers’ favourite items off its menus.While its interims slightly missed forecasts, with like-for-like sales falling 2.2% and pretax profit reducing from £36.6m to £25.5m, there were signs of strategic progress. It has launched new menus, with fixed price offers and broader investment in price (i.e. reductions) and quality. This led to an improving volume trend although price per cover is down as expected, with like-for-like dishes 7% che ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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