Clapham House Group has reported an expected 15 per cent growth in sales for the financial year ending 29 March 2008, with plans to further expand their best performing chain, Gourmet Burger Kitchen, in the UK and abroad.
In a trading update released today in advance of the company’s preliminary results, Clapham House reported a ‘good sales performance’ from GBK, with strong returns on capital invested in new and existing sites.
With 49 GBK’s currently ‘trading well’ in the UK, six of which were opened in this financial year, Clapham House has announced plans for the coming financial year to 28 March 2010 to ‘focus on the growth of GBK,’ as they are ‘confident of (the chain’s) significant roll-out potential to at least 150 restaurants.’
Meanwhile, Clapham House has reported ‘satisfactory sales’ at The Real Greek and Tootsies despite the weak economy, and said the company ‘continues to trade comfortably’ within their £21.7m banking facilities. Clapham House also expect their Net Debt to fall in line with their expectations.