Restaurant Group upgrades FY21 outlook despite Omicron

The group said the positive update followed what was a period of good cost control and continued strong trading relative to the market

The Restaurant Group has announced that despite the impact of Omicron in December, it has upgraded its FY21 expectations following a market “outperformance”, and now expects its EBITDA to be at the top end of its previous guidance of £73m – £79m.

In addition, FY21 year-end net debt is now expected to be less than £180m, when it was previously expected to be less than £190m.

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