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Primary Recommendations

Restaurant Group - Wagamama shooting the proverbial lights out

November 2021

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:
  • 90p
With encouraging signs that the UK’s vaccination program has put the economy on a surer footing, several restaurant firms have reported strong trading since the grand reopening in May. One such company has been Restaurant Group, owner of the Wagamama pan-Asian cuisine chain as well as a rump of legacy brands, airport concessions and pubs. In the 15 weeks ended 29 August, Wagamama enjoyed a startling 21% increase in like-for-like sales versus 2019 (i.e. pre-pandemic). That translated into an £11m EBITDA profit in H1 despite extended Covid-19 closures in the period and in response the company has upgraded full year guidance towards just below break-even for 2021, with eps of 4.2p forecast for next year. However, these numbers look conserva ...

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The Restaurant Group -New openings deliver strong results (December 2012)
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Restaurant Group (March 2012)
Restaurant Group (January 2012)
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Restaurant Group - Casual dining firm sees 30% eps upgrades (October 2009)

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