Strong sales in concession business boosted TRG’s H1 revenues

Revenues for the first half of the year reached £467.4m

The Restaurant Group reported £467.4m in revenue during the first half of the year, a 10.4% increase from £423.4m in 2022.

The group’s Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 15% to £36.3m due to a strong sales performance in our Wagamama, pubs and concessions businesses and tight cost management.

Profits before tax increased from £7.2m from a loss of £100k last year.