Results: RTN

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EPIC RTN
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Restaurant Group – interims argue “very encouraging” trading performance post-lockdown, BUT...

The Restaurant Group (TRG) has announced results for its half-year ended 28th June 2020, including emphasising “decisive response to COVID-19 pandemic… implemented significant restructuring actions resulting in a higher quality, diversified estate” and “trading performance post-lockdown (for the 11 weeks from July 4th to 20th September 2020) with c.90% of the retained estate now open has been very encouraging… Wagamama: Like-for-like sales growth of 11%… Leisure: LFL sales growth of 4%… Pubs: LFL sales growth of 14%” – and the shares have currently responded to above 57p, 5% higher...

EPIC RTN
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Restaurant Group Coronavirus update – it reckons it will survive

In the circumstances this is a bullish update. Restaurant Group (RTN) admits things are awful and will get worse but it has a cunning plan to survive based on assumptions which seem prudent but, I fear, might just be optimistic. And what will be the value of the group that does survive?

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