Wagamama reports 6.3% UK like-for-like sales rise

TRG-owned casual dining chain, Wagamama has issued its second quarter results today for the 22-week period to 29 September 2019.

The company's turnover increased by 11% to £93.5m in Q2 2019, and UK like-for-like sales rose 6.3%, representing a c.18% two-year LFL.

Thr group reported that 36 restaurants achieved record sales weeks in Q2 2019 with a number of sites achieving multiple records

The results represents a 5.1% outperformance of the UK market in Q2 2019 and the group has traded ahead of the competition consistently for over five years.

Wagamama's Delivery kitchen opened in Hackney, and the business saw the first £1m week for delivery sales achieved in this quarter.

For the period, Wagamama saw a 12.5% like-for-like sales growth at its US restaurants.

The firm saw double digit adjusted EBITDA growth of 27.2% to £16.7m from £13.2m in Q2 2018/19. Adjusted EBITDA margin stood at 18.1%, in comparison to 15.7% in Q2 2018/19.

The company continued its expansion across the UK with two new restaurants opening - Old Street and Heathrow T3, and four refurbished.

Wagamama's first Mamago site will open later this month, which will offer a newly developed Asian menu to capitalise on increased customer demand for convenience.