Revenue up for Restaurant Group

THE Restaurant Group yesterday posted a 12 per cent rise in adjusted pre-tax profit to £56m for the year to 2 January.

Revenue was up seven per cent to £466m, although like-for-like sales fell by one per cent at the chain which includes Frankie & Benny’s, Chiquito and Garfunkel’s.

During the year the group opened 17 new restaurants in the division, which it said were trading ahead of expectations and set to deliver strong returns. The company benefited from avoiding heavy discounting, as well as its skill at opening new restaurants.