The parent company of TGI Friday’s UK arm recorded sales of £193.5m from its inception on 9 December 2014 to 27 December.
The group reported EBITDA of £30.5m but made a pre-tax loss of £12.5m. The loss resulted from an £11.9m charge associated with the acquisition, £10.7m of interest on loans and £1.3m of one-off share-based payments.
The Electra Partners-backed company’s annual report said the performance was in line with directors’ expectations and the current economic climate.
During the period the group opened six new sites and said “all recent acquisitions are performing in line with expectations and the group are actively seeking new sites”. It added: “The group expects the core estate to perform strongly in 2016 and beyond with further growth from new sites.”
The next opening for the brand is at Brighton Marina next month.
Earlier this year, chief executive Karen Forrester told MCA the group was eyeing a new direction for the estate as it seeks to ramp up expansion beyond its current 75 sites. She said this would see the design of restaurants flexed around three core segments - major city centre, major shopping centre and then retail park. She said grab and go elements and delivery were all areas the group was actively assessing.