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wagamama reports LFL sales up 3.4% and continued expansion

By James Russell: wagamama reports LFL sales up 3.4% and continued expansion

January 15, 2014

wagamama results for the full year ended 28 April 2013 have been reported:

  • sales up13.5% to £141.2million (FY2012: 124.4million)
  • like-for-like sales increased by 3.4%
  • EBITA up 7.9% to £23.1 million (FY2012: £21.4million)

14 openings

During the year the company continued with its successful expansion strategy and opened 14 new restaurants, increasing the wagamama UK estate to 94 restaurants. Since the period end, there have been further openings with the company’s UK estate now comprising 102 restaurants.

Continued expansion

The management is confident that there is considerable potential for continued expansion of the business and the brand and will continue to focus on a well-controlled growth programme.

about wagamama

wagamama is a pan-asian restaurant chain combining fresh and nutritious food with friendly service and value for money. With the opening of its first restaurant in london’s bloomsbury in 1992, wagamama unleashed a new dining experience in the uk. Today, wagamama has restaurants in 17 countries, including 102 restaurants in the UK.

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