The Restaurant Group plc (RTN.L) reported that, for the 17 weeks to 24 April, total sales were up 4.7% and like for like sales were down 2.7%. The Group said, since it updated on current trading with the preliminary results on 9th March, it has seen a further deterioration in trading conditions, with Leisure business, in particular, continuing to be impacted by the structural and business challenges referred to in the March Preliminary results statement.
In the short term, the Group does not anticipate any improvement to underlying like for like trends and, on this basis, now expects full year like for like sales to be down between 2.5% and 5.0% which would translate into full year profit before tax in the range of 74 to 80 million pounds.
The Restaurant Group said it has been agreed that Stephen Critoph, CFO, will leave the company with immediate effect. The Board has commenced the search for a new CFO.
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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.