The Restaurant Group (LON: RTN) has reported a decline in sales over the summer period.
In the 11-weeks to 20 September, the group which owns brands including Wagamama and Frankie & Benny’s said that it slumped to a £234.7m half-year loss.
Whilst the sales in Wagamama and it’s central London pub businesses declined over the period, business outside of the capital was more promising and ahead of the market average.
Chief executive, Andy Hornby, said: “It has been an extraordinary and difficult period for the hospitality sector but one in which we have pulled together to achieve a great deal. The priority throughout has been the safety of our colleagues and customers, and we have also accelerated the reshaping of our portfolio, resulting in higher quality, diversified estate.
“Since reopening, I am genuinely pleased with the strength of our trading performance and would like to sincerely thank each and every one of our colleagues for their extraordinary efforts.
“Whilst the sector outlook is uncertain, and we are mindful of recent restrictions across the UK, we are confident that the actions we have taken provide us with strong foundations to emerge as one of the long-term winners,” he added.
The group put the Mexican chain Chiquitos into administration this year, racking up a £132.4m charge for restructuring costs.
Despite the difficult year and fall in sales, The Restaurant Group shares (LON: RTN) rose 8% on opening and are currently trading +6.14% at 57,90 (0955GMT).