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Garfunkels Still a Recipe for Profits

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Well at least we now know who eats there…

Tourists flocking to its Garfunkel’s outlets in Central London helped The Restaurant Group come though the weather, ash clouds and recession last year in decent shape. Profits in 2010 rose by 17% to £56.5m, from £48.3m, on revenues up 7% at £466m. Like-for-like sales fell by 1%. TRG’s food outlets, Frankie & Benny's, Chiquito, Garfunkel's and pub restaurants, performed well, delivering a 6% increase in revenues and profits, though Garfunkel’s put in a “superb” performance the company said.

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