Wagamama owner sees earnings at top end of forecast

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Restaurant Group said that Covid restrictions in Britain had dampened consumer confidence and piled pressure on the hospitality and travel sector.

It said restrictions in Britain, dubbed "Plan B" measures, had dampened consumer confidence and piled pressure on the hospitality and travel sector.The measures, which included increased testing requirements for international travel and calls to restrict socialising, were scrapped this week as Prime Minister Boris Johnson pledged to avoid lockdowns after a peak in cases caused by the rapid spread of the Omicron variant.

Restaurant Group said adjusted core profit would come in at the top end of its projection range of £73-79m. It also said like-for-like December sales across its leisure, concessions and pub categories fell compared to 2019 levels.

 

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