Business
IMS: 19 weeks to 8 May 2016
IMS: 19 weeks to 8 May 2016.
About this update from Rank Group Plc
[{"type":"text","content":"\n \nRNS Number : 9893X Rank Group PLC 12 May 2016 \n\n \nNews release \n \n12 May 2016\n \nThe Rank Group Plc \n(\"Rank\" or the \"Group\")\n \nInterim Management Statement for the 19 weeks to 8 May 2016 \n \n(all comparisons are with the equivalent periods in 2015)\n \nRank today announces like-for-like revenue for the 19 weeks to 8 May 2016 has grown by 3%, with total revenue up 2% and digital revenue up 6%. \n \n\n\n\n\nGroup and brand revenue for the 19 weeks to 8 May 2016*\n\n\n\n\n\n\n\nLike-for-like**\n\n\nTotal\n\n\n\n\nGrosvenor Casinos\n\n\n4%\n\n\n3%\n\n\n\n\nMecca\n\n\n1%\n\n\n (1)%\n\n\n\n\nTotal ***\n\n\n3%\n\n\n2%\n\n\n\n\n*Figures not adjusted for customer incentives.\n**Like-for-like excludes the effects of clubs openings, closures and relocations. \n***Includes contribution from Enracha. \n \nHenry Birch, chief executive of The Rank Group Plc, commented:\n \n\"I am pleased with the Group's performance during this 19-week period. We have seen continued like-for-like revenue growth across all of our brands and the performance in our Grosvenor digital business has been particularly encouraging.\"\n \n\"During the period we launched our new digital platform which was delivered both on time and on budget. This is an important development for the Group and we look forward to the benefits the increased functionality will bring.\" \n \nGrosvenor Casinos\n\n\n\n\n\n\n\n19 weeks to 8 May 2016\n\n\n\n\n\n\n\nLike-for-like\n\n\nTotal\n\n\n\n\nVenues - Customer visits\n\n\n0%\n\n\n(2)%\n\n\n\n\nVenues - Spend per visit\n\n\n2%\n\n\n3%\n\n\n\n\nVenues revenue\n\n\n2%\n\n\n1%\n\n\n\n\nDigital revenue\n\n\n35%\n\n\n35%\n\n\n\n\nTotal brand revenue\n\n\n4%\n\n\n3%\n\n\n\n\n \nIn the 19-week period, like-for-like brand revenue grew by 4%; total revenue was up 3%.\n \nVenues like-for-like revenue grew by 2%, principally driven by a solid London performance. Customer visits were stable and spend per visit increased by 2%. \n \nGrosvenor's digital channel continued to deliver strong growth in the 19-week period with revenues up 35% driven by on-going customer growth and improved functionality from the new digi...