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Wagamama working on further restaurant conversions and cites “strong pipeline” for 2020

Wagamama

Wagamama is planning two more openings before the end of the year – both of which will be conversions from sites owned by parent company The Restaurant Group.

The projects cap a busy period for the noodle chain, which has already opened two new sites at Heathrow Airport and London, and completed four conversions since the beginning of the year.

It has also opened one delivery kitchen and completed two “transformational” refurbishments at Stratford and Exeter, bringing Kaizen design and new covers to the sites.

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The company said it has a “strong pipeline” of sites for 2020.

In the UK, turnover increased 11% to £93.5m during the three months to the end of September, while EBITDA rose 27% during the quarter.

Discussing Wagamama and its conversions, CEO Emma Woods, said: “Great businesses are built from dedicated people, a commitment to always be on the side of their customers and a galvanising sense of purpose.

“Wagamama has always followed this model, and I am thrilled to say has delivered another quarter of strong outperformance versus the market with a number of record restaurant sales weeks. We look forward to 2020, and whilst we don’t expect to be immune to the various headwinds facing our industry, we will stay true to our positive culture and growth mindset.”

Wagamama’s focus on conversions is also being supported by a large investment in delivery kitchens. Read the full story HERE.

ANALYSIS: Just how big is the Wagamama business in the UK and worldwide?

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Andrew Seymour

The author Andrew Seymour

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