D&D reports strongest festive performance in its history

High-end restaurant group D&D this morning announced its best ever Christmas trading, leaving the company to admit that the festive period had gone “better than expected”.

Revenues for the four weeks to 31 December climbed 11% year-on-year, with like-for-like sales in the UK up 6%.

Strong performances from established City venues, such as South Place Hotel (+16%) and Paternoster chop House (+14%) served the business well, while its West End venues all saw double-digit growth, some as high as 22%.

Like-for-like revenues on Christmas Day soared 20% versus the previous year.

Des Gunewardena, chairman and CEO of D&D London, said: “We were very pleased with our like-for-like growth in revenues compared with a strong December last year. As was the case then it was great to see both our more recent openings as well as our longest established venues performing well.

“For the full month of December, six of our venues achieved £1m+ net revenues. Quaglino’s and 100 Wardour street, our highest grossing restaurants, each achieving net revenues in excess of £1.4m. In the context of Brexit and uncertain financial markets it was rather a better than expected Christmas.”

D&D London owns and operates restaurants in London, Leeds, Paris, New York and Tokyo.

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