The Restaurant Group – operator of Frankie & Benny's – today announced a like-for-like sales increase of 5% for the last 18 weeks. At its AGM last year its like-for-like sales were growing at 4%. TRG also reported today that total revenues were 21% ahead of the same period last year – in comparison to revenue growth of 14% at the last AGM. Alan Jackson, TRG Chairman, said: “Both of our divisions, Leisure and Concessions, have performed well to date, delivering good growth in like-for-like sales, notwithstanding a continuation of the more challenging economic backdrop. “This performance reflects the resilience of our market positioning and value-for-money offerings. This is a solid start to 2008 and represents very satisfactory progress compared with the same period last year.” TRG has already opened seven new sites this – four of which are at Heathrow's new Terminal 5. The company reported that these new restaurants are trading well – and that it expects to be opening a further 30-35 by the end of the year. It also reported that it has a strong balance sheet with no significant changes in net debt since year-end. And it said the Employee Benefit Trust has acquired 2.15m shares at an average price of 138.5p per share. Subject to AGM approval, the final dividend for 2007 will be 5.99p per share – a 21 % increase on the previous year.