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UK's Restaurant Group says HY adjusted pretax profit down 30.4 pct
August 31, 2017 / 6:26 AM / 23 days ago

UK's Restaurant Group says HY adjusted pretax profit down 30.4 pct

Aug 31 (Reuters) - Britain’s Restaurant Group Plc reported a 30.4 percent drop in its underlying first-half pretax profit on Thursday, as slowing consumer spending weighed on sales.

Restaurant Group, which operates more than 500 restaurants and pubs in the UK, said adjusted profit before tax for the 26 weeks to July 2 fell to 25.5 million pounds ($32.9 million) from 36.6 million pounds a year ago. The company, which operates under a number of brands including Frankie & Benny’s and Chiquito, said sales at its outlets open over a year fell 2.2 percent. ($1 = 0.7741 pounds) (Reporting by Sanjeeban Sarkar and Rahul B in Bengaluru; Editing by Greg Mahlich)

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