Interim Management Statement.
Like-for-like sales in the 9 weeks to 21 January 2012 were up 6.5%, assisted by the improved weather over this year's Christmas period. As a result, like-for-like sales in the first 17 weeks of the financial year were up 4.4%.
Trading in January has been more subdued but consistent with the underlying like-for-like sales trend first noted in July last year of around 1% growth.
Total Company sales in the first 17 weeks, including the impact from major disposals last year, were up 1.3%. In the same period, total sales for the Retained Estate* were up 7.5%.
The Company continues to progress a number of business initiatives, including simplifying processes and devolving greater responsibility and accountability to customer facing operations. This will enhance the guest experience and lay the foundations for further business growth. Brand Operations Directors are now in place and further changes are anticipated in central support structures where a staff consultation period is in progress.