StockMarketWire.com - Wagamama owner Restaurant Group upgraded its annual earnings guidance amid a bounce back in sales.

Adjusted pre-tax profit for the year through December was now expected to be between £73 million-to-£79 million.

The company said it had achieved sales outperformance across its Wagamama, pubs and leisure businesses.

It also had seen a minor improvement in UK airport passenger volumes leading to a partial recovery in sales at its concessions business.

Annual net debt was now expected to be less than £190 million. Restaurant Group said its expectations for 2022 remained unchanged from the outlook outlined at its interim results in September.


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