March 18, 2020 / 7:34 AM / 12 days ago

Restaurant Group's FY like-for-like sales to fall 25% on coronavirus hit

(Reuters) - Frankie & Benny’s owner Restaurant Group (RTN.L) warned that comparable sales would fall 25% in the current fiscal year due to a hit from the rapidly spreading coronavirus.

The company said it would slash its capital expenditure for 2020 by at least 45 million pounds ($54.39 million) from its previous estimate of 75 million pounds.

Reporting by Sangameswaran S in Bengaluru; Editing by Anil D'Silva

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