Italian restaurant chain Carluccio’s said it expects overall trading conditions to remain challenging in 2010 but added it was set to meet its five store opening target for the year.
The company reported strong trading over the festive period and said that turnover for the 17 weeks to 24 January was up 8% compared with last year.
The turnover growth was achieved despite disruption to footfall and trading during January, as a result of the adverse weather conditions, and without significant discounting.
Carluccio’s said its first new restaurant of the financial year in Exeter, Devon, has traded well, exceeding board expectations. The opening will be followed by two new sites in Wimbledon, south London, in February and Cardiff in March bringing the group’s portfolio to 45 outlets.
Carluccio's added that “good progress” was being made by Landmark, its Middle Eastern franchisee, with two further sites in Dubai scheduled to open in the spring.
Meanwhile its Irish franchisee closed its restaurant in Dublin this week.
Carluccio’s reports fall in profits but says consumer confidence is rising >>
Carluccio’s Oxford branch on the market >>
Carluccio's set to beat expectations after posting 8% rise in turnover >>
By Kerstin Kühn
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