REG - Bow Street Group PLC - AGM Trading Update

Bow StreetAnnouncement

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RNS Number : 9889E  Bow Street Group PLC  20 May 2026

20 May 2026

 

("Bow Street Group", the "Group" or the "Company")

 

AGM Trading Update

 

Bow Street Group (AIM: BOW), the owner and operator of "Wildwood" and "dim t"
restaurants, is pleased to provide the following trading update for the first
four and a half months to 17 May 2026 (the "year to date") ahead of its Annual
General Meeting being held today at 10:00am.

 

Group revenue for the quarter to date (7 weeks to 17 May 2026) has continued
to increase on a like-for-like basis in line with the first quarter of the
current financial year as announced on 15 April 2026. The investment in
improving the Wildwood estate has continued with four restaurants refurbished
during the first quarter of this year, all of which are showing significant
revenue growth. In addition, the refurbishment of the Salisbury Wildwood
restaurant has recently been completed with three further Wildwood restaurants
due to be refurbished within the coming weeks.

 

As part of the latest refurbishment projects, the Group has commenced
improvement works on its restaurant networking infrastructure, benefiting user
experience and efficiency. This month also sees the trial of the Group's new
data dashboarding system and AI driven reporting, equipping its operations
team with up-to-date trading and cost trends.

 

A new menu was introduced across all Wildwood restaurants on 13 May 2026,
following a successful trial in a select number of restaurants earlier this
year. The business has introduced a new specials menu and a wider choice of
non-alcoholic beverages, in keeping with the wider industry trends. A similar
menu refresh is now underway for our three dim t restaurants with a new menu
launch planned ahead of the summer.

 

The Group continues to monitor the impact of the war in the Middle East on its
costs and consumer spending. The team is also monitoring for the potential
opportunity from increased staycation footfall over the summer as a result,
inter alia, of higher jet fuel costs.

 

The Group has positive revenue growth and improving morale within the
business. We are also beginning to benefit from the wide range of operational
improvements and the site-by-site investment in the fabric of the business.
These measures will ensure that Wildwood and dim t are well positioned and
ready to face the many challenges being presented to our sector.

 

The Board remains confident that Bow Street Group is a highly attractive
platform for exciting restaurant brands, offering structural benefits of
scale, operational synergies and attractive incentivisation plans for
entrepreneurial management teams. The Group remains in active discussions with
several acquisition opportunities and looks forward to enhancing the Group's
growth prospects through acquisitions.  The Board is optimistic of completing
of one or more of these acquisitions during the Group's current financial
year.

 

 David Page, Executive Chairman of Bow Street Group, commented:

"Trading in the first few months of the year has been encouraging, with
continued like-for-like revenue growth and a positive customer response to our
investments across the estate. The refurbished Wildwood restaurants are
performing well, and the new menu, specials and broader drinks range are
strengthening our customer proposition."

 

"While the consumer environment remains challenging, we are seeing clear
benefits from the operational improvements and targeted investment being
delivered across the business. We remain focused on improving the performance
of our existing restaurants while progressing discussions with exciting
potential acquisition targets."

 

 

For further information, contact:

 

 Bow Street Group plc                                                Tel: 020 7637 1166
 David Page - Executive Chairman

 Jonny Plant - Chief Executive Officer

 Nick Wong - Chief Financial Officer

 Cavendish Capital Markets Limited                                   Tel: 020 7220 0500

 (Nominated Adviser and Joint Broker)
 Matt Goode / George Lawson / Trisyia Jamaludin - Corporate Finance

 Dale Bellis / Harriet Ward - Sales and Corporate Broking

 Allenby Capital Limited                                             Tel: 020 3328 5656

 (Joint Broker)
 Nick Naylor / James Reeve - Corporate Finance

 Jos Pinnington - Sales and Corporate Broking

 Hudson Sandler                                                      Tel: 020 7796 4133

 (Financial PR)                                                      bowstreetgroup@hudsonsandler.com (mailto:bowstreetgroup@hudsonsandler.com)
 Alex Brennan / Harry Griffiths / Jackson Redley

 

About Bow Street Group plc

Bow Street Group plc (AIM: BOW) (formerly Tasty plc) currently operates the
Wildwood and dim t restaurant brands.

Wildwood serves Italian inspired dishes including pizza, pasta and grills at
26 locations across England and Wales. The brand offers a wide menu choice and
friendly service for all occasions.

dim t is a premium restaurant brand providing an Asian-inspired menu in three
restaurants, all located in affluent areas. The brand offers a differentiated
experience for its customers by serving beautiful and delicious food paired
with Asian tea and cocktails, with many of its dishes being a contemporary
twist on iconic dishes.

September 2025 marked a new chapter for the Group with a successful
re-financing and appointment of David Page as Executive Chairman and Nick Wong
as Chief Financial Officer. At that time, the company embarked on a new
strategy to deliver long-term value creation focused on:

§ investing in and improving its existing restaurants;

§ investing in technology and operations;

§ acquiring scalable restaurant brands that provide great food at value for
money prices within environments that are casual, comfortable and fun for both
our customers and staff.

 

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