All The Restaurant Group (TRG) articles – Page 4
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NewsTRG partners with Jones the Grocer
The Dubai-based artisan cafe, bakery and deli concept is opening a food hall style “culinary theatre” at Heathrow Airport Terminal 2
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NewsTRG names new marketing director
Andreia Harwood will join The Restaurant Group’s Leisure & Concessions division (TRG L&C) from Lemon Pepper Holdings.
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InterviewsTRG: ‘Anything that helps the consumer is welcome’
Chief executive Andy Hornby speaks to MCA about introducing modest price increases, hedging the group’s utilities supply for three years, and the softening of delivery volumes
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NewsTRG reports slow recovery
The Wagamama and Barburrito operator reported like-for-like sales up 4% on 2019 and profit before tax of £10.2m, up from a 2021 loss of £19.9m
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NewsTRG acquires Barburrito for £7m
The Restaurant Group sees potential to double the Mexican fast-casual brand’s 16-strong estate in the next four years, particularly in the South of England
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NewsTRG appoints former Costa and Waitrose FD as non-exec
Loraine Woodhouse joins The Restaurant Group as a non-executive director, effective today.
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NewsTRG sees robust trading at Wagamama and Pubs
The group believes the performance and recovery at Concessions will offset the impact of inflationary pressures
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NewsTRG’s CEO Andy Hornby’s £1m gravy train
Hornby has been blasted for taking a bonus after the owner of Wagamama and Frankie & Benny received £43m in furlough cash, This Is Money reports
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Analysis & InsightBerenberg: ‘TRG’s growth outlook is best-in-class’
The analyst said that despite facing significant cost inflation this year, it thinks TRG can still outperform consensus earnings expectations
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InterviewsTRG: We won’t take customers for granted
Following The Restaurant Group’s full year results, CEO Andy Hornby tells MCA how delivery has plateaued at Wagamama, why he’s cautiously optimistic about the revival of concessions, and why the group won’t be hiking prices in line with inflation
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Analysis & InsightAndy Hornby: ‘As an industry, we should still be very worried’
The Restaurant Group’s CEO has warned that VAT and price inflation are masking the true performance of the market
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NewsTRG making ‘good progress’ against strategic objectives
Its Wagamama and Pubs divisions have continued to outperform the market since the year end, with a strong pipeline of openings for both businesses, TRG said in its full year results to 2 January 2022
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NewsTRG revises up its profit forecast
The group’s like-for-like sales for October, November and December show it broadly outperformed the market, and was trading above 2019 levels before Omicron hit
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NewsTRG likely to drop out of FTSE 250
The Restaurant Group is still struggling to regain its pre-pandemic form, according to analyst Hargreaves Lansdown
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Analysis & InsightBrandwatch: Frankie & Benny’s
The story of Italian American restaurant brand has gone through quite a few twists and turns in recent years, but owner The Restaurant Group has been working to pull it firmly into the 21st century.
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NewsTRG increases forecasts
The revision comes off the back of “market outperformance” in like-for-like sales in recent months at Wagamama, and its pubs and leisure businesses
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NewsNew chairman for The Restaurant Group
The Restaurant Group has announced Ken Hanna will join the board, beginning his role as chairman on 1 January 2022.
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NewsFrankie & Benny’s rebrands
The Italian American restaurant brand from The Restaurant Group has rebranded its Basildon branch to Frankie’s, the first of three major refurbishments this year
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Analysis & InsightIncreasing labour costs leave TRG ‘highly exposed’
The Restaurant Group’s (TRG) high labour cost to sales ratio, and lack of energy cost hedging, has contributed to analyst Peel Hunt cutting its target price by 30p per share.
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InterviewsAndy Hornby: ‘Make sure your supply forecasting is nailed on’
In the second part of an interview with MCA, Andy Hornby, chief executive of The Restaurant Group, discusses the importance of accurate supply forecasting and simplifying menus as a way of controlling menu price inflation. He also discusses pub estate expansion, as well as current and future prospects for trading.