The group should now have reopened almost 90% of its estate, according to broker Peel Hunt, which should have benefited significantly from the 15% VAT cut and the Eat Out To Help Out scheme.
The new trading restrictions should not impact the group materially, as less than 2% of sales are after 10pm and all sales are based on table service, while analysts estimate the VAT cut extension until the end of March to be worth an extra GBP15mln of profit.
Peel Hunt’s analysts even wondered if the group will be ‘last man standing’ in the sector.
Investors will be keen to hear how like-for-like sales performed in September, and how management’s debt reduction has been going since the estate reopened, as well as prospects for profit margins in the year ahead.
Major announcements on Tuesday 6 October:
Economic data: UK construction PMI, US balance of trade