28th Sep 2020 15:45
Fulham Shore PLC - owner of UK chain restaurants Franco Manca and The Real Greek - Expects revenue growth of 7.2% to GBP68.6 million in financial year ended March 29. Currently has 68 out of 70 restaurants trading, and says revenue in days when UK government's Eat Out to Help Out scheme was operating "increased markedly" compared to those in the previous year. Expects to publish results for the 2020 financial year on or around October 15, having previously anticipated publication at end of September. "We are popular with the public, well capitalised and have headroom in our borrowing facilities. We believe that these positive attributes, combined with our cash balances, will see us emerge from this period as a successful survivor in an albeit reduced UK restaurant sector," says Chair David Page.
Current stock price: 8.1 pence
Year-to-date change: down 34%
By Lucy Heming;Â [email protected]
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