Comptoir Group says trading in line, sales ahead of last year

Comptoir Group, the owner of the Comptoir Libanais restaurant chain, said on Tuesday that it continues to trade in line with management's expectations.

In a statement ahead of its annual meeting, the company said that its newly-opened restaurants are performing well, including the new Comptoir Westfield restaurant opened earlier this month.

Like-for-like sales growth and margins are ahead of last year, it said, adding that the balance sheet is "robust" and it's confident in the outlook for the year ahead.

"The board continues to take a cautious approach to selecting new site openings and is exploring multiple opportunities for both organic growth and further franchise opportunities."

At 1320 BST, the shares were down 7.2% to 12.99p.