Restaurant Group Plc (RTN.L) on Wednesday said it expects profits for the fiscal year ended December 30, 2012 to be just ahead of the consensus of market forecasts.
In its post-close update, the company said its turnover for the 52 weeks was 9 percent ahead of prior year and like-for-like sales were 4.5 percent ahead. Operating margins for the year, meanwhile, would be at a similar level as 2011.
New openings were ahead of the previous year with 28 restaurants opened in 2012. Trading at these sites has been excellent and they are set to deliver strong returns. The company will announce its full- year results by early March 2013.
Looking forward, Restaurant Group said it anticipates similar economic conditions to 2012, while its efforts will be focused on delivering further profitable progress in 2013.
CEO Andrew Page said, "The Restaurant Group delivered a strong performance in 2012, notwithstanding some tricky conditions for consumer-facing businesses. Last year the TRG team worked relentlessly to deliver a great performance and the focus is now directed towards delivering further good progress in 2013."
The Group expects to open between 28-35 new sites in 2013. Further, the company's Board announced that Trish Corzine, aged 55, Executive Director of the Concessions business, will retire as a Director of the firm in May 2013 and consequently will not seek re-election at the AGM to be held in May 2013.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.