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Restaurant Group

July 2022

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:
  • 53.5p
Restaurant Group reported better than expected trading at its AGM. In the 19 weeks to 15 May Wagamama sales grew 11% like-for-like versus 2019 while pubs and leisure rose 6% and 4%, respectively. Concessions recovered faster than anticipated and are now only 11% below 2019. Liberum says this should partially offset higher inflation (guidance now 9-10%  adding c. £8.5m to costs). However Liberum has still cut its forecasts with EBITDA lowered by 8% for FY’23 for new eps of 4p. Nevertheless as Liberum says, Restaurant Group “remains better placed than most to recover strongly and take market share given its strong top-line performance, upside from delivery (including eight new Wagamama and three delivery kitchens in FY’22) and a rest ...

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Related Articles

Restaurant Group (November 2023)
Restaurant Group (September 2023)
Restaurant Group (June 2023)
Restaurant Group - New target to increase EBITDA margin 2.5-3.5% by FY’25 (May 2023)
Restaurant Group - Cheerier outlook married to ambitious EBITDA margin targets (April 2023)
Restaurant Group - Acquires Mexican restaurant chain (September 2022)
Restaurant Group (May 2022)
Restaurant Group (March 2022)
Restaurant Group - EBITDA guidance upgraded 33% (January 2022)
Restaurant Group - Wagamama shooting the proverbial lights out (November 2021)
The Restaurant Group (April 2020)
The Restaurant Group (November 2019)
The Restaurant Group (January 2019)
Restaurant Group - To buy Wagamama (December 2018)
The Restaurant Group (May 2018)
Restaurant Group - Two directors bought shares (March 2018)
The Restaurant Group (November 2017)
The Restaurant Group (May 2017)
The Restaurant Group - Challenging Q4 leads to downgrades (March 2017)
Restaurant Group - Strategic review signals potentially dramatic recovery (October 2016)
Restaurant Group - Full operating review launched (June 2016)
Restaurant Group (April 2016)
The Restaurant Group - More cautious outlook (March 2016)
The Restaurant Group (November 2015)
Restaurant Group - Affordable restaurant firm’s remarkable growth record looks set to continue (April 2015)
The Restaurant Group (October 2014)
Restaurant Group - To open 36-43 outets this year (July 2014)
Restaurant Group - To open 36-43 outets this year (April 2014)
Restaurant Group - Up to 43 new openings in 2014 (March 2014)
Restaurant Group - Record pipeline of new sites points to acceleration in growth rate (October 2013)
Restaurant Group - Cranking up new openings to 30-35 a year (July 2013)
The Restaurant Group - Net debt almost eliminated (April 2013)
The Restaurant Group - Acceleration in new openings (February 2013)
The Restaurant Group -New openings deliver strong results (December 2012)
Restaurant Group - Accelerating opening programme to 25 - 30 restaurants p.a (November 2012)
Restaurant Group - To open another 25/30 restaurants (April 2012)
Restaurant Group (March 2012)
Restaurant Group (January 2012)
The Restaurant Group - To open at least 22 outlets in 2011 (October 2011)
Restaurant Group - Broker price target: 385p (May 2011)
Restaurant Group - Shares approaching £3 (February 2011)
Restaurant Group - Cash generative restaurant chain could attract bid (October 2010)
The Restaurant Group (April 2010)
The Restaurant Group - Underlying sales turn positive (February 2010)
Restaurant Group - Casual dining firm sees 30% eps upgrades (October 2009)

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