Casual Dining Group enjoys bumper Christmas and posts full year results

Casual Dining Group enjoys bumper Christmas and posts full year results
Bella Italia at Bluewater, Kent
12/01/2017 - 09:53
Casual Dining Group has reported a record Christmas with a 10.8% rise in sales and like-for-like growth of 4.7% during the festive period, as well as an increase in revenue of 29% to £299 million for the year ended May 29th 2016.

The record Christmas trading period from December 5th – January 8th was driven by a digital approach to pre-bookings, the company states, with web traffic increasing by 37% across all brands in the period.

The company reports that the increase in revenue for the year was due to new site openings, sales growth from existing sites and the acquisition of Las Iguanas for £89 million in July 2015.

EBITDA was up 40% to £34 million and the group opened 26 new sites, refurbished 50 existing sites, and converted 15 sites to alternative brands.

Martin Robinson, chairman of Casual Dining Group, said: “The wider operating environment is undeniably tough and there are a range of cost pressures facing the whole consumer industry, which we are working hard to mitigate.

“We’re confident that through our continued investment, strong brands, outstanding team of employees and active engagement with consumers, Casual Dining Group is well positioned to navigate this difficult environment.”

The company expects to continue expansion open additional new sites in the current financial year.

Casual Dining Group operates restaurant brands such as Café Rouge, Bella Italia and Las Iguanas. 

Copyright 2017 EatOut Magazine
Dewberry Redpoint Limited is a company Registered in England and Wales No : 03129594 Registered Office:
John Carpenter House, John Carpenter Street, London EC4Y 0AN, UK, VAT registered, number 586 7988 48.

Design & Development by Eton Digital