IRC Individual Rest

 

TIDMIRC 
 
RNS Number : 0292Q 
Individual Restaurant Company PLC 
28 July 2010 
 

Individual Restaurant Company plc 
 
Trading Update 
 
 
 
Individual Restaurant Company plc ("the Group"), the leading restaurant operator 
with 33 premium casual dining restaurants trading under either the Piccolino 
brand (22) or the Bar & Grill brand (11), announces an update on current trading 
ahead of its interim results for the 26 week period to 4 July 2010. 
 
As indicated previously, the impact of the extreme weather conditions in the 
first two weeks of this year and the Football World Cup at the end of the 
period, have had an adverse effect on trading in the first half.  Whilst the 
Group's earnings remain heavily weighted towards the second half, it is 
anticipated that the combination of these exceptional factors will negatively 
impact the Group's performance for the current year by approximately GBP0.6m, in 
total, at the profit before tax level. 
 
However, as set out in our AGM statement in May, like for like sales for the 
first three weeks of May were ahead of last year and this pattern was 
experienced across the Group, not just in the South East where our restaurants 
have been broadly in growth since the beginning of the year.  Since England's 
participation in the World Cup ended, the pattern of like for like sales has 
resumed. 
 
The Board is encouraged that excluding the exceptional events experienced in the 
first half trading was in line with the Board's expectations and like for like 
sales are now in growth.  The Directors remain confident that the Group remains 
well placed to take advantage of the opportunities which should arise if the 
current underlying trading trends are sustained. 
 
The Group's interim results will be announced on 13 September 2010. 
 
 
                                                                    28 July 2010 
 
 
Enquiries: 
+--------------------------------+----------------------------+ 
| Individual Restaurant Company  | Tel: 0161 839 5511         | 
| Plc                            |                            | 
+--------------------------------+----------------------------+ 
| Steven Walker, Chief Executive |                            | 
+--------------------------------+----------------------------+ 
| Vernon Lord, Finance Director  |                            | 
+--------------------------------+----------------------------+ 
|                                |                            | 
+--------------------------------+----------------------------+ 
| Altium                         | Tel: 0845 505 4343         | 
+--------------------------------+----------------------------+ 
| Phil Adams/Paul Lines          |                            | 
+--------------------------------+----------------------------+ 
|                                |                            | 
+--------------------------------+----------------------------+ 
| College Hill                   | Tel: 020 7457 2020         | 
+--------------------------------+----------------------------+ 
| Justine Warren/Matthew         |                            | 
| Smallwood                      |                            | 
+--------------------------------+----------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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