Restaurants

Wagamama ‘outperforms competitors’ consistently for four years

Restaurant chain Wagamama has said it “traded ahead of the competition consistently for over four years (220 weeks)” as its latest financial results showed a 7.4% like-for-like sales growth in the year to 29 April 2018.

The group’s turnover increased 11.1% to £71.1m in Q4 and it reported 7.7% UK like-for-like sales growth. For the full financial year, Wagamama’s turnover increased 13.0% to £300.6m.

The chain also opened nine new restaurants over the year, with seven in the UK and two in America.

Jane Holbrook, CEO, said: “We’ve continued to perform really strongly in the year with 7.4% UK like-for-like sales growth. This strong trading performance allows us to invest further in innovation to strengthen our brand and differentiate ourselves over the longer term.

“Wagamama’s continued success is really down to all of the amazing people that work in the business and I’d like to thank them for their passion and commitment to the Wagamama family.”

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