Restaurant logo

RTN - Restaurant News Story

90.6p -1.3  -1.4%

Last Trade - 4:35pm

Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £703.1m
Enterprise Value £1.34bn
Revenue £449.4m
Position in Universe 526th / 1783

BUZZ-Restaurant Group down after flagging labour shortages, supply chain issues

Wed 15th September, 2021 11:35am
** Shares of Wagamama-owner  RTN.L  down 3.5% at 117p
    ** Co forecasts higher 2021 earnings after reporting H1
profit, but flagged challenges around labour shortages and
supply chain constraints  urn:newsml:reuters.com:*:nL4N2QH21B
    ** Posts adjusted core profit of 11.2 mln pounds for H1, vs
a loss of 18.3 mln pounds a year earlier
    ** Stifel says staffing and increased inflationary cost
pressures will remain a challenge for RTN heading into 2022 
    ** "We expect the recovery in concessions business to
remains slow, given the lacklustre restart of UK international
travel" - Stifel
    ** Jefferies says pressure from wage inflation in FY22
dampens co's outlook
    ** Stock up ~91% this year, as of last close

 (Reporting By Geetha Panchaksharam)
 ((geetha.panchaksharam@thomsonreuters.com))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.