The Restaurant Group Plc releases a trading update

  • Mar 18, 2020 GMT
  • Team Kalkine
  • Group like-for-like sales for the first eight weeks of the financial year were up 4.5%
  • In the last two weeks the company has witnessed an increasing and material impact of Covid-19 across its businesses with group like-for-like sales being down 12.5%
  • The concessions business has been significantly impacted with like-for-like sales down 21.7%
  • The company expects an overall decline in Group like-for-like sales of 25% in FY2020
  • On 18th March 2020, at the time of writing, GMT 09:48 AM, RTN shares were trading at GBX 26.50, up by 1 point or 3.92% against the previous day closing price.

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