30th Jan 2007 07:01
Carluccio's PLC30 January 2007 30th January 2007 Carluccio's PLC AGM Trading Update Carluccio's PLC (the "Company"), the leading UK based group of authentic Italianrestaurants with integrated food shops, announces an update on trading prior toits AGM which will be held later today. The Company's stores have continued to perform well during the importantChristmas trading period. Turnover for the 16 weeks to 14th January 2007 was 22%ahead of the prior year and is in line with the Board's expectations. The Company's minimum five store opening target for the 2007 financial year ison track with two Carluccio's opened since the year end. These were at TheBrunswick, Bloomsbury, London WC1 (October 2006) and Spitalfields in the City ofLondon (December 2006). Both stores were cash positive in their first month oftrading. The Company's contractors have commenced fit out of its third opening, in TheTrafford Centre, Manchester. This opening confirms the Company's commitment togradually extend its geographical spread beyond its London base. Both theTrafford Centre and the Company's fourth opening of the year, in Walton-on-Thames, are due to open in Spring/Summer 2007. As expected, the landlord of our retail only outlet in Neal Street, CoventGarden, has chosen to re-develop the site following the recent expiry of thelease. A new larger Covent Garden store, with a full restaurant and retailoffering, is scheduled to open later this financial year completing theCompany's five store opening commitment. The total number of locations currently trading is 28. In addition, the Company is pleased to announce a further site secured inQuakers Friars, Bristol. This is a long term development and is currentlyexpected to open in the 2008/09 financial year. -ENDS- For further information please contact: Carluccio's PLC Hogarth Partnership LimitedSimon Kossoff, Managing Director Andrew JaquesFrank Bandura, Finance Director Fiona Noblet Sarah Richardson Tel : 020 7580 3050 Tel : 020 7357 9477 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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