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RTN - Restaurant News Story

90.6p -1.3  -1.4%

Last Trade - 4:35pm

Consumer Cyclicals
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*: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)
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