Wagamama owner lifts outlook as it sees cost pressures improving in medium term
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The company behind Wagamama has said costs are increasing in line with expectations and will start to improve in the medium term, as it upped its outlook for the year. They also sounded a positive note about the future, saying that in 2023 “costs in line with previous expectations and medium-term cost outlook continues to improve”. Chief executive Andy Hornby said: “We are encouraged by the significant progress made in the first eight months of the year, delivering strong LFL sales growth despite the consumer backdrop.
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Wagamama owner braces for food costs to soar by 10%
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