The Restaurant Group like-for-like sales down 3%

The Restaurant Group like-for-like sales down 3%

The Restaurant Group has seen like-for-like sales fall 3% for the 52 weeks ending 31 December 2017, according to its latest financial report.

Total sales were down 1.8% on a 52-week comparable basis and down 4.4% on a statutory basis.

Adjusted EBITDA was £95.1m.

“As expected, 2017 was a transitional year for the group, with significant investments made in price and proposition within our Leisure business, which is driving improving volume momentum,” comments The Restaurant Group CEO Andy McCue. “We start 2018 with a significantly more competitive offering in our Leisure business, a strengthened pipeline of growth opportunities in both our Pubs and Concessions businesses, and a leaner, faster and more focused organisation. I’d like to thank our colleagues for embracing the change agenda and for their contribution to stabilising the business.”