LEGAL | Staff Reporter, UK

Wagamama posts 7.4% like-for-like sales growth

The Japanese restaurant chain had launched new stores across the globe over the financial year.

Wagamama has reported like-for-like sales growth of 7.4% for its financial year ending last April 29.

Group turnover and EBITDA also showed an increase of 13% (£300.6M) and 0.4% (£45.5m) respectively.

Over the past year, the restaurant chain had opened seven new outlets in UK while 13 franchises were launched in other countries such as Spain, Qatar, United Arab Emirates and Netherlands.

“This strong trading performance allows us to invest further in innovation to strengthen our brand and differentiate ourselves over the longer term,” Wagamama CEO Jane Holbrook said.

(Photo credit: Wagamama Facebook page)

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