Mabel Mezzco has posted an Interim report for Wagamama as for the 40-week period to 28 January 2018, showing 8.2% UK like-for-like sales growth in Q3, increased from 7.1% % UK LFL in Q2.
The results showed an 8.7% UK outperformance in Q3 and traded ahead of the competition consistently for over 3 years (197 weeks). The UK saw a 7.3% LFL sales growth in YTD Q3 2017/18.
Six new UK restaurants opened in YTD Q3 2017/18 – St Peters Manchester, Bedford, Leed White Rose, Cheltenham, Bracknell and Reigate, and Colchester opened early in Q4.
Jane Holbrook, CEO, commented, ‘We’ve continued to perform strongly with 8.2% UK like for like sales growth in the third quarter and are pleased to have continued to trade ahead of the competition consistently for over three years.
'We have fantastic people across our business who do amazing jobs, and we’d like to say an enormous thank you to them.
'Our successful results allow us to continue our investment in developing our people, our menu, our sites and in better understanding our customers to allow us to innovate to meet their changing tastes and dining preferences. We believe this will further strengthen our business and brand and helps us to build in resilience to the current market challenges.’