Like-for-like sales growth was 0.4% in the 14 weeks to 14 July and 1.9% for the 42 weeks of the year to date, with the recent period in particular adversely impacted by the persistent wet weather and the negative impact of the European Football Championships. Within this, trading on key days and special occasions has remained strong with 4% like-for-like sales growth over the five days of the Diamond Jubilee weekend. Like-for-like growth in the most recent 9 weeks since the date of the Interim Results announcement has been 1.6%.
|Like-for-like sales||H1 2012|
28 weeks to
7 April 2012
14 weeks to
14 July 2012
|Trading to IMS|
42 weeks to
14 July 2012
Total sales for the Retained Estate* were up 5.1% in the first 42 weeks. Total Company sales, including the impact from major disposals last year, were up 2.6%.
The trials of our new 'ways of working' are progressing well and the roll-out of free wi-fi across the whole of our estate is now more than 50% complete. We continue to focus on delivering excellent customer service and guest satisfaction to drive operational performance. Overall, the business transformation programme remains on track.
There has been no material change to the financial position of the Group since the half year announcement.
The process to appoint a new CEO and further Non-Executive Directors is continuing and remains a priority for the Board.
Trading conditions remain challenging with a difficult consumer environment together with ongoing inflationary cost pressures. However, the combination of our strong brands, assets and operating capabilities as well as the benefits from the business transformation programme leave us well positioned to grow the business.