Rosinter, which operates the TGI Friday's restaurant franchise in Russia, reported a 4.4 percent fall in like-for-like sales last month due to a lower number of patrons, it said Thursday in a statement.
The company saw a 9.5 percent decline in the number of transactions in October, which was partly offset by a 5.7 percent rise in the average bill.
Overall sales, including newer restaurants, rose 3.6 percent to stand at 870 million rubles ($29 million) last month, up from 840 million rubles in October 2010. Rosinter had 373 outlets at the end of October, up from 371 a month ago and 359 a year earlier.
(Reuters)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.