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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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