Adjusted profits for 2021 forecast at top end of £73m to £79m guidance to investors
The owner of restaurant chains including Wagamama and Frankie & Benny’s said it expected full-year profits to hit the top end of its forecast despite a dramatic slowdown in sales last month because of the impact of the spread of the Omicron variant.
The Restaurant Group (TRG), which owns 650 restaurants and pubs and operates 70 concessions mostly in airports, expects adjusted profits for 2021 to be at the top end of its £73m to £79m guidance to investors. It welcomed the government’s decision to lift plan B restrictions but warned that consumer confidence might take longer to recover.
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