March 18, 2020 / 7:31 AM / 19 days ago

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

March 18 (Reuters) - Frankie & Benny’s owner Restaurant Group 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. ($1 = 0.8273 pounds) (Reporting by Sangameswaran S in Bengaluru; Editing by Anil D’Silva)

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