Friday, 26 May 2017

Frankie & Benny's owner sees shares jump

Shares in the owner of Frankie & Benny's restaurants have jumped 10% after it said the rate of decline in its sales had slowed.

Restaurant Group, which owns almost 500 restaurants and pubs across the UK, has been trying to turn itself around after profits and sales dived last year.

It said comparable sales in the 20 weeks to 21 May 2017 had fallen 1.8%.

However, this was a marked improvement on the fourth quarter of 2016, when like-for-like sales dropped by 5.9%.

The group, which also owns the Chiquito and Garfunkel's chains, said it expected to report full-year profits in line with market expectations.

BBC     News.